Acom Co (Acom Co) Cash And Cash Equivalents : $539 Mil (As of Dec. 2023)

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What is Acom Co Cash And Cash Equivalents?

Acom Co's quarterly cash and cash equivalents increased from Jun. 2023 ($384.53 Mil) to Sep. 2023 ($451.93 Mil) and increased from Sep. 2023 ($451.93 Mil) to Dec. 2023 ($539.03 Mil).

Acom Co's annual cash and cash equivalents declined from Mar. 2022 ($626.11 Mil) to Mar. 2023 ($431.42 Mil) but then increased from Mar. 2023 ($431.42 Mil) to Mar. 2024 ($490.50 Mil).

Acom Co Cash And Cash Equivalents Historical Data

The historical data trend for Acom Co's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Acom Co Cash And Cash Equivalents Chart

Acom Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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766.67

766.55

626.11

431.42

490.50

Acom Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															431.42	384.53	451.93	539.03	490.50

Acom Co Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Acom Co (OTCPK:ACJJF) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Acom Co Cash And Cash Equivalents Related Terms

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Acom Co (Acom Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Acom Co Ltd (OTCPK:ACJJF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

8572:Japan

Address

1-1, Marunouchi 2-chome, Chiyoda-ku, Meiji Yasuda Seimei Building, Tokyo, JPN, 100-8307

Website

https://www.acom.co.jp

Acom Co Ltd is a Japanese consumer finance company. Its four core business categories are loan and credit, guarantee services, loan servicing, and overseas financials. Its loan and credit business offers credit cards and unsecured loans. The guarantee segment provides credit guarantee services, including loan portfolios and marketing analyses. The firm also offers loan administrative services in its loan servicing segment. Acom's overseas businesses are mostly in the retail finance sector in Thailand and Indonesia. In addition to ATMs, Acom's distribution relies on multifaceted sales channels, including a call center, Internet services, and mobile phones. The company earns its revenue from its loan and credit card business in Japan.