YTO Express Group Co (SHSE:600233) Cash And Cash Equivalents : ¥6,528 Mil (As of Mar. 2024)

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What is YTO Express Group Co Cash And Cash Equivalents?

YTO Express Group Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥9,316.72 Mil) to Dec. 2023 (¥9,101.21 Mil) but then stayed the same from Dec. 2023 (¥9,101.21 Mil) to Mar. 2024 (¥6,528.33 Mil).

YTO Express Group Co's annual cash and cash equivalents increased from Dec. 2021 (¥6,127.97 Mil) to Dec. 2022 (¥7,389.55 Mil) and increased from Dec. 2022 (¥7,389.55 Mil) to Dec. 2023 (¥9,101.21 Mil).

YTO Express Group Co Cash And Cash Equivalents Historical Data

The historical data trend for YTO Express Group 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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YTO Express Group Co Cash And Cash Equivalents Chart

YTO Express Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3,569.53

4,672.85

6,127.97

7,389.55

9,101.21

YTO Express Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															8,789.87	9,175.01	9,316.72	9,101.21	6,528.33

YTO Express Group 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.

YTO Express Group Co (SHSE:600233) 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.

YTO Express Group Co Cash And Cash Equivalents Related Terms

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YTO Express Group Co (SHSE:600233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » YTO Express Group Co Ltd (SHSE:600233) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Xu Highway 3029, Huaxin Town, Qingpu District, Shanghai, CHN, 201705

Website

http://www.yto.net.cn

YTO Express is one of the Tongda Operators—the top four national express delivery companies that use the network partner model. In this model, Tongdas provide line-haul transportation, sorting, and waybill services to their network partners for fees, while their local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect customer payments. The company was founded by Yu Huijiao in 2020. Yu remains chair and president with a 33.22% stake as of Sept. 30, 2023. Yu and Zhang Xiao Juan, who owned 2.15% of YTO as of that date, are persons acting in concert. YTO's strategic shareholder is leading China e-commerce company Alibaba Group and its affiliated companies, with around a 20.65% interest as of Dec. 2, 2023.

YTO Express Group Co (SHSE:600233) Headlines

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