TOM Group (TOM Group) Cash And Cash Equivalents : $63.3 Mil (As of Dec. 2023)

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What is TOM Group Cash And Cash Equivalents?

TOM Group's quarterly cash and cash equivalents declined from Dec. 2022 ($61.87 Mil) to Jun. 2023 ($56.45 Mil) but then increased from Jun. 2023 ($56.45 Mil) to Dec. 2023 ($63.32 Mil).

TOM Group's annual cash and cash equivalents declined from Dec. 2021 ($63.28 Mil) to Dec. 2022 ($61.87 Mil) but then increased from Dec. 2022 ($61.87 Mil) to Dec. 2023 ($63.32 Mil).

TOM Group Cash And Cash Equivalents Historical Data

The historical data trend for TOM Group'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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TOM Group Cash And Cash Equivalents Chart

TOM Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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47.64

58.43

63.28

61.87

63.32

TOM Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															63.28	59.35	61.87	56.45	63.32

TOM Group 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.

TOM Group (OTCPK:TOCOF) 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.

TOM Group Cash And Cash Equivalents Related Terms

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TOM Group (TOM Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TOM Group Ltd (OTCPK:TOCOF) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

02383:Hong Kong

Address

26 Harbour Road, Rooms 1601-05, 16th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.tomgroup.com

TOM Group Ltd is a Chinese media conglomerate with the following operating segments. E-Commerce Group, Mobile Internet Group, Social Network Group, Publishing Group, and Advertising group. The majority is from the Publishing segment which includes magazine and book publishing and circulation, sales of advertising and other related product, and produces books and magazines around Taiwan and China. The Group has two divisions, Technology platform & investments, which include E-commerce, Mobile Internet, and Social network; Media Business, which includes Advertising and Publishing, out of which the majority is from the Media business. Geographically Hong Kong, Mainland China, Taiwan & other Asian country, the majority is from Taiwan & another Asian country.

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