Test Rite International Stock Current Ratio
| 2908 Stock | TWD 20.60 0.10 0.49% |
Test Rite International fundamentals help investors to digest information that contributes to Test Rite's financial success or failures. It also enables traders to predict the movement of Test Stock. The fundamental analysis module provides a way to measure Test Rite's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Test Rite stock.
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Test Rite International Company Current Ratio Analysis
Test Rite's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Test Rite Current Ratio | 1.02 X |
Most of Test Rite's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Test Rite International is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Test Rite International has a Current Ratio of 1.02 times. This is 55.07% lower than that of the Distributors sector and 33.33% lower than that of the Consumer Discretionary industry. The current ratio for all Taiwan stocks is 52.78% higher than that of the company.
Test Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Test Rite's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Test Rite could also be used in its relative valuation, which is a method of valuing Test Rite by comparing valuation metrics of similar companies.Test Rite is currently under evaluation in current ratio category among its peers.
Test Fundamentals
| Return On Equity | 0.0936 | |||
| Return On Asset | 0.0048 | |||
| Profit Margin | 0.02 % | |||
| Operating Margin | 0.01 % | |||
| Current Valuation | 26.81 B | |||
| Shares Outstanding | 495.58 M | |||
| Shares Owned By Insiders | 78.31 % | |||
| Shares Owned By Institutions | 1.88 % | |||
| Price To Earning | 37.96 X | |||
| Price To Book | 1.43 X | |||
| Price To Sales | 0.24 X | |||
| Revenue | 43.76 B | |||
| Gross Profit | 10.71 B | |||
| EBITDA | 3.61 B | |||
| Net Income | 782.83 M | |||
| Cash And Equivalents | 2.33 B | |||
| Cash Per Share | 4.66 X | |||
| Total Debt | 8.14 B | |||
| Debt To Equity | 319.90 % | |||
| Current Ratio | 1.02 X | |||
| Book Value Per Share | 13.93 X | |||
| Cash Flow From Operations | 1.48 B | |||
| Earnings Per Share | 1.26 X | |||
| Target Price | 25.0 | |||
| Number Of Employees | 4.54 K | |||
| Beta | 0.25 | |||
| Market Capitalization | 9.86 B | |||
| Total Asset | 38.37 B | |||
| Retained Earnings | 1.62 B | |||
| Working Capital | 208 M | |||
| Current Asset | 12.46 B | |||
| Current Liabilities | 12.25 B | |||
| Z Score | 1.6 | |||
| Annual Yield | 0.06 % | |||
| Five Year Return | 5.07 % | |||
| Net Asset | 38.37 B | |||
| Last Dividend Paid | 1.28 |
About Test Rite Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Test Rite International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Test Rite using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Test Rite International based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When running Test Rite's price analysis, check to measure Test Rite's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Test Rite is operating at the current time. Most of Test Rite's value examination focuses on studying past and present price action to predict the probability of Test Rite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Test Rite's price. Additionally, you may evaluate how the addition of Test Rite to your portfolios can decrease your overall portfolio volatility.