Wang Quick Ratio from 2010 to 2024

WLGS Stock   4.73  0.06  1.28%   
Wang Lee Quick Ratio yearly trend continues to be comparatively stable with very little volatility. Quick Ratio is likely to outpace its year average in 2024. Quick Ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. View All Fundamentals
 
Quick Ratio  
First Reported
2010-12-31
Previous Quarter
2.21329915
Current Value
2.32
Quarterly Volatility
0.56461687
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Wang Lee financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Wang Lee's main balance sheet or income statement drivers, such as Income Tax Expense of 257.6 K, Tax Provision of 0.0 or Depreciation And Amortization of 34 K, as well as many indicators such as Price To Sales Ratio of 1.5, Dividend Yield of 0.0 or PTB Ratio of 1.89. Wang financial statements analysis is a perfect complement when working with Wang Lee Valuation or Volatility modules.
  
Check out the analysis of Wang Lee Correlation against competitors.

Latest Wang Lee's Quick Ratio Growth Pattern

Below is the plot of the Quick Ratio of Wang Lee Group, over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. Wang Lee's Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Wang Lee's overall financial position and show how it may be relating to other accounts over time.
Quick Ratio10 Years Trend
Slightly volatile
   Quick Ratio   
       Timeline  

Wang Quick Ratio Regression Statistics

Arithmetic Mean0.88
Geometric Mean0.78
Coefficient Of Variation64.11
Mean Deviation0.37
Median0.65
Standard Deviation0.56
Sample Variance0.32
Range1.6714
R-Value0.62
Mean Square Error0.21
R-Squared0.39
Significance0.01
Slope0.08
Total Sum of Squares4.46

Wang Quick Ratio History

2024 2.32
2023 2.21
2021 0.81
2020 0.69

About Wang Lee Financial Statements

Wang Lee shareholders use historical fundamental indicators, such as Quick Ratio, to determine how well the company is positioned to perform in the future. Although Wang Lee investors may analyze each financial statement separately, they are all interrelated. The changes in Wang Lee's assets and liabilities, for example, are also reflected in the revenues and expenses on on Wang Lee's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Quick Ratio 2.21  2.32 

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Wang Stock Analysis

When running Wang Lee's price analysis, check to measure Wang Lee'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 Wang Lee is operating at the current time. Most of Wang Lee's value examination focuses on studying past and present price action to predict the probability of Wang Lee's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wang Lee's price. Additionally, you may evaluate how the addition of Wang Lee to your portfolios can decrease your overall portfolio volatility.