Guangzhou Newlife New Material Co (SZSE:301323) Cash And Cash Equivalents : ¥292.3 Mil (As of Mar. 2024)

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What is Guangzhou Newlife New Material Co Cash And Cash Equivalents?

Guangzhou Newlife New Material Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥1,323.74 Mil) to Dec. 2023 (¥398.21 Mil) but then stayed the same from Dec. 2023 (¥398.21 Mil) to Mar. 2024 (¥292.33 Mil).

Guangzhou Newlife New Material Co's annual cash and cash equivalents increased from Dec. 2021 (¥104.74 Mil) to Dec. 2022 (¥109.92 Mil) and increased from Dec. 2022 (¥109.92 Mil) to Dec. 2023 (¥398.21 Mil).

Guangzhou Newlife New Material Co Cash And Cash Equivalents Historical Data

The historical data trend for Guangzhou Newlife New Material 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.

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Guangzhou Newlife New Material Co Cash And Cash Equivalents Chart

Guangzhou Newlife New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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80.34

98.57

104.74

109.92

398.21

Guangzhou Newlife New Material Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial										209.45	1,088.65	1,323.74	398.21	292.33

Guangzhou Newlife New Material 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.

Guangzhou Newlife New Material Co (SZSE:301323) 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.

Guangzhou Newlife New Material Co Cash And Cash Equivalents Related Terms

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Guangzhou Newlife New Material Co (SZSE:301323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Newlife New Material Co Ltd (SZSE:301323) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No. 4, Canghai 4th Road, Guangzhou Economic and Technological Development Zone, Yonghe Economic Zone, Guangdong, Guangzhou, CHN, 511356

Website

http://www.kingmagnet.com

Guangzhou Newlife New Material Co Ltd is focused on the research and development and production of magnetic materials, electronic ceramic materials and devices. Its products are divided into two major product directions: civil and industrial. Industrial products mainly focus on the research and development and production of mobile phones and micro-motor peripheral products, including varistors, copper (high specific gravity alloys), thermistors (NTC), high-energy radiation protection materials, medical radiation shielding materials, nuclear radiation shielding materials, etc. Civilian products include magnetic glue materials, magnetic products, Jingyisi, magnetic advertising materials, soft magnetic coatings, etc.

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