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Fortune Valley Treasures Inc   (FVTI)
Other Ticker:  
 
    Sector  Retail    Industry Specialty Retail
   Industry Specialty Retail
   Sector  Retail

Fortune Valley Treasures Inc 's Quick Ratio

FVTI's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth




FVTI Quick Ratio (Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
(Mar 31 2022)
I. Quarter
(Dec 31 2021)
IV. Quarter
(Sep 30 2021)
III. Quarter
Y / Y Current Liabilities Change -18.47 % -27.12 % -31.15 % -13.97 % -81.29 %
Y / Y Cash & cash equivalent Change 59.43 % -79.7 % -84.38 % -50.7 % -51.01 %
Quick Ratio MRQ 0.14 0.06 0.11 0.07 0.07
Overall Ranking # 3879 # 3891 # 0 # 0 # 4631
Seq. Current Liabilities Change 18.3 % 3.42 % -18.21 % -18.53 % 5.76 %
Seq. Cash & cash equivalent Change 180.62 % -43.35 % 22.29 % -17.99 % -64.27 %



Quick Ratio third quarter 2022 Comment
Fortune Valley Treasures Inc 's Cash & cash equivalent grew by 180.62 % in the III. Quarter sequntially, faster than Current Liabilities, this led to improvement in Fortune Valley Treasures Inc 's Quick Ratio to 0.14, Quick Ratio remained below Fortune Valley Treasures Inc average.

Within Specialty Retail industry 27 other companies have achieved higher Quick Ratio than Fortune Valley Treasures Inc in third quarter 2022. While Quick Ratio total ranking has improved so far to 3879, from total ranking in previous quarter at 3891.

Explain Quick Ratio?
What are FVTI Segments?
See Quick Ratio FVTI on the trailing twelve month basis
Quick Ratio third quarter 2022 Company Ranking
Within: No.
Specialty Retail Industry # 28
Retail Sector # 107
Overall Market # 3879


Quick Ratio Statistics
High Average Low
0.47 0.1 0.01
(Mar 31 2021)  




Financial Statements
Fortune Valley Treasures Inc 's Current Liabilities $ 2 Millions Visit FVTI's Balance sheet
Fortune Valley Treasures Inc 's Cash & cash equivalent $ 0 Millions Visit FVTI's Balance sheet
Source of FVTI's Sales Visit FVTI's Sales by Geography


Cumulative Fortune Valley Treasures Inc 's Quick Ratio

FVTI's Quick Ratio for the trailling 12 Months

FVTI Quick Ratio

(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
(Mar 31 2022)
I. Quarter
(Dec 31 2021)
IV. Quarter
(Sep 30 2021)
III. Quarter
Y / Y Current Liabilities TTM Growth -18.47 % -27.12 % -31.15 % -13.97 % -81.29 %
Y / Y Cash & cash equivalent TTM Growth 59.43 % -79.7 % -84.38 % -50.7 % -51.01 %
Quick Ratio TTM 0.1 0.08 0.12 0.21 0.22
Total Ranking TTM # 3262 # 4194 # 4172 # 3885 # 3327
Seq. Current Liabilities TTM Growth 18.3 % 3.42 % -18.21 % -18.53 % 5.76 %
Seq. Cash & cash equivalent TTM Growth 180.62 % -43.35 % 22.29 % -17.99 % -64.27 %


TTM Quick Ratio Comment
On the trailing twelve months basis FVTI Cash & cash equivalent average soared by 59.43 % in III. Quarter year on year, while Current Liabilities increased to $2 millions, this led to increase in in Fortune Valley Treasures Inc 's Quick Ratio to 0.1, Quick Ratio remained below FVTI average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operatig within Specialty Retail industry 25 other companies have achieved higher Quick Ratio than Fortune Valley Treasures Inc . While overall ranking remained unchanged compare to previous quarter at no. 3262.

Explain Quick Ratio?
What are FVTI Segments?
See Quick Ratio FVTI on the trailing twelve month basis

TTM Quick Ratio Company Ranking
Within: No.
Within the Specialty Retail Industry # 26
Retail Sector # 100
Within the Market # 3262


TTM Quick Ratio Statistics
High Average Low
0.23 0.11 0.03
(Jun 30 2021)   (Sep 30 2020)




Companies with similar Quick Ratio in the quarter ending Sep 30 2022, within Specialty Retail Industry Quick RatioSep 30 2022 MRQ Cash & cash equivalentSep 30 2022 MRQ Current Liabilities
Academy Sports And Outdoors Inc   0.38 $ 318.167  Millions$ 843.585  Millions
Arhaus Inc   0.36 $ 152.082  Millions$ 423.986  Millions
Integrated Ventures Inc   0.29 $ 0.579  Millions$ 1.965  Millions
The Odp Corporation  0.25 $ 473.000  Millions$ 1,893.000  Millions
Star Group L p   0.21 $ 81.282  Millions$ 381.080  Millions
Petco Health And Wellness Company Inc   0.20 $ 148.731  Millions$ 752.408  Millions
Signet Jewelers Limited  0.16 $ 327.300  Millions$ 2,047.500  Millions
Kirkland s Inc   0.15 $ 11.245  Millions$ 74.184  Millions
Ulta Beauty Inc   0.15 $ 250.628  Millions$ 1,697.771  Millions
Fortune Valley Treasures Inc   0.14 $ 0.239  Millions$ 1.719  Millions
Sally Beauty Holdings inc   0.14 $ 70.558  Millions$ 510.180  Millions
Build a bear Workshop Inc  0.12 $ 12.023  Millions$ 96.922  Millions
Titan Machinery Inc   0.10 $ 45.852  Millions$ 462.697  Millions
Live Ventures Incorporated  0.10 $ 4.600  Millions$ 48.320  Millions
Aiadvertising Inc  0.08 $ 0.204  Millions$ 2.407  Millions
Winc Inc   0.08 $ 2.760  Millions$ 32.759  Millions
Hibbett Inc   0.07 $ 25.114  Millions$ 361.927  Millions
Joann Inc   0.07 $ 27.500  Millions$ 400.500  Millions
Samsara Luggage Inc   0.07 $ 0.125  Millions$ 1.822  Millions
Virco Mfg Corporation  0.05 $ 2.175  Millions$ 43.219  Millions
Bergio International Inc   0.04 $ 0.187  Millions$ 4.230  Millions
Barnes and Noble Education Inc   0.04 $ 19.129  Millions$ 444.857  Millions
Kindcard Inc   0.04 $ 0.024  Millions$ 0.623  Millions
Sunstock Inc   0.04 $ 0.033  Millions$ 0.882  Millions
The Lovesac Company  0.03 $ 3.832  Millions$ 118.997  Millions
Party City Holdco Inc   0.03 $ 29.810  Millions$ 951.214  Millions
Kaspien Holdings Inc   0.03 $ 0.769  Millions$ 24.738  Millions

Date modified: 2022-11-27T19:59:02+00:00

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