Nisshin Oillio Group (TSE:2602) Cash And Cash Equivalents : 円15,707 Mil (As of Dec. 2023)

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What is Nisshin Oillio Group Cash And Cash Equivalents?

Nisshin Oillio Group's quarterly cash and cash equivalents increased from Jun. 2023 (円14,087.00 Mil) to Sep. 2023 (円18,206.00 Mil) but then stayed the same from Sep. 2023 (円18,206.00 Mil) to Dec. 2023 (円15,707.00 Mil).

Nisshin Oillio Group's annual cash and cash equivalents declined from Mar. 2021 (円11,036.00 Mil) to Mar. 2022 (円9,977.00 Mil) but then increased from Mar. 2022 (円9,977.00 Mil) to Mar. 2023 (円13,036.00 Mil).

Nisshin Oillio Group Cash And Cash Equivalents Historical Data

The historical data trend for Nisshin Oillio 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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Nisshin Oillio Group Cash And Cash Equivalents Chart

Nisshin Oillio Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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14,890.00

23,317.00

11,036.00

9,977.00

13,036.00

Nisshin Oillio Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															14,331.00	13,036.00	14,087.00	18,206.00	15,707.00

Nisshin Oillio 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.

Nisshin Oillio Group (TSE:2602) 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.

Nisshin Oillio Group Cash And Cash Equivalents Related Terms

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Nisshin Oillio Group (TSE:2602) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nisshin Oillio Group Ltd (TSE:2602) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-23-1, Shinkawa, Chuo-ku, Tokyo, JPN, 104-8285

Website

http://www.nisshin-oillio.com

Nisshin Oillio Group Ltd is a Japanese company engaged in the manufacture of oil products. The company operates five reporting segments. The oils and meals business produces edible oils for household, commercial use, and food processing. The processed oils and fats business manufactures processed oil and fat products. The healthy foods business supplies dressings and healthcare products. The fine chemicals business provides raw materials for cosmetics, food ingredients, and chemical products. Finally the soy foods and materials business produces soy food ingredients and soy protein. The oils and meals business accounts for more than half of group revenue.

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