• China Mengniu Dairy average quick ratio for 2023 was 0.93, a 6.9% decline from 2022.
• China Mengniu Dairy average quick ratio for 2022 was 0.87, a 3.57% increase from 2021.
• China Mengniu Dairy average quick ratio for 2021 was 0.84, a 21.5% increase from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.