What is Actions Semiconductor Co Cash, Cash Equivalents, Marketable Securities?
Actions Semiconductor Co's quarterly cash, cash equivalents, marketable securities
increased
from Dec. 2015 ($49.85 Mil) to Mar. 2016 ($55.86 Mil) but then
stayed the same
from Mar. 2016 ($55.86 Mil) to Jun. 2016 ($54.49 Mil).
Actions Semiconductor Co's annual cash, cash equivalents, marketable securities
declined
from Dec. 2013 ($179.94 Mil) to Dec. 2014 ($116.63 Mil) and
declined
from Dec. 2014 ($116.63 Mil) to Dec. 2015 ($49.85 Mil).
Actions Semiconductor Co Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for Actions Semiconductor Co'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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Actions Semiconductor Co Cash, Cash Equivalents, Marketable Securities Chart
Actions Semiconductor Co 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.
Actions Semiconductor Co (NAS:ACTS) 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.
Actions Semiconductor Co Cash, Cash Equivalents, Marketable Securities Related Terms
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Actions Semiconductor Co (Actions Semiconductor Co) Business Description
Actions Semiconductor Co Ltd an exempted company incorporated under the Companies Law (2013 Revision), as amended, of the Cayman Islands on July 27, 2005. The Company is a fabless semiconductor company that designs, develops and markets integrated platform solutions, including SoCs, firmware, software development tools and reference designs, for manufacturers of portable media players and smart handheld devices such as tablets. It provides integrated platform solutions to tablet and portable media player manufacturers, brand owners and value-added distributors that enable them to accelerate the time-to-market for their products. Its integrated platform solutions, which comprise SoCs, firmware, software development tools and reference designs, obviate the need for its customers to invest in costly and time-consuming internal firmware and software development for their products, or to source them from multiple suppliers. The Company's network of third-party value-added distributors and applications developers enable its customers to quickly introduce products with differentiated features and to cost-effectively customize its solutions. Its mixed-signal design capabilities allows it to integrate analog and digital components using a compact system architecture in its portable media player SoCs, and enable its customers to reduce their overall costs and produce smaller, more power-efficient portable products. The Company's proximity to the China-based manufacturers of tablets and portable media players and presence in the rapidly evolving China market for tablets and portable media players enables the Company to identify market trends and align its product development efforts with these market trends. The Company's research and development efforts during 2011, 2012 and 2013 focused principally on: (i) the development of tablets solutions and applications including ATM7029, ATM7021 and ATM7039, (ii) the improvement of traditional portable media player and boombox solutions including ATJ331X/AK211X/ATJ212X series, ATJ225X/ATJ227X series and ATS25XX/ATS26XX series. The Company faces competition from SoC platform providers such as ALi, AllWinner, Amlogic, Anyka, BestRely, Buildwin, Freescale, General Plus, Infotmic, Ingenic, Intel, JieLI, MVSilicon, Rockchips, Vmicro and WonderMedia. As it diversifies and expands its product categories, it may also face competition from other semiconductor companies and manufacturers of consumer electronics and mobile devices.
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