China Yurun Food Group (HKSE:01068) Cash, Cash Equivalents, Marketable Securities : HK$39 Mil (As of Dec. 2023)

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What is China Yurun Food Group Cash, Cash Equivalents, Marketable Securities?

China Yurun Food Group's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$33.21 Mil) to Jun. 2023 (HK$26.32 Mil) but then increased from Jun. 2023 (HK$26.32 Mil) to Dec. 2023 (HK$39.30 Mil).

China Yurun Food Group's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$79.75 Mil) to Dec. 2022 (HK$33.21 Mil) but then increased from Dec. 2022 (HK$33.21 Mil) to Dec. 2023 (HK$39.30 Mil).

China Yurun Food Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for China Yurun Food Group's Cash, Cash Equivalents, Marketable Securities 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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China Yurun Food Group Cash, Cash Equivalents, Marketable Securities Chart

China Yurun Food Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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217.40

307.55

79.75

33.21

39.30

China Yurun Food 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, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															79.75	59.91	33.21	26.32	39.30

China Yurun Food Group Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

China Yurun Food Group (HKSE:01068) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

China Yurun Food Group Cash, Cash Equivalents, Marketable Securities Related Terms

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China Yurun Food Group (HKSE:01068) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Yurun Food Group Ltd (HKSE:01068) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

C7Y:Germany

Address

10 Yurun Road, Jianye District, Nanjing, CHN, 210041

Website

http://www.yurun.com.hk

China Yurun Food Group Ltd is mainly engaged in the provision of a wide range of meat and processed meat including chilled and frozen meat, low-temperature meat products and high-temperature meat products, and others. The company operates through two business segments namely Chilled and frozen meat and Processed meat products. The Chilled and frozen meat is involved in the business of slaughtering, production, and sales of chilled and frozen meat whereas the Processed meat products segment manufactures and distributes processed meat products. The company markets its products under the brand name of Yurun, Furun, Wangrun, and Popular Meat Packing. China Yurun generates all the revenue from the sale of meat products in the People's Republic of China.

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