Rayitek Hi-Tech Film Co (SHSE:688323) Cash And Cash Equivalents : ¥79.5 Mil (As of Dec. 2023)

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What is Rayitek Hi-Tech Film Co Cash And Cash Equivalents?

Rayitek Hi-Tech Film Co's quarterly cash and cash equivalents declined from Jun. 2023 (¥192.18 Mil) to Sep. 2023 (¥129.48 Mil) but then stayed the same from Sep. 2023 (¥129.48 Mil) to Dec. 2023 (¥79.50 Mil).

Rayitek Hi-Tech Film Co's annual cash and cash equivalents increased from Dec. 2021 (¥202.87 Mil) to Dec. 2022 (¥270.75 Mil) but then declined from Dec. 2022 (¥270.75 Mil) to Dec. 2023 (¥79.50 Mil).

Rayitek Hi-Tech Film Co Cash And Cash Equivalents Historical Data

The historical data trend for Rayitek Hi-Tech Film 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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Rayitek Hi-Tech Film Co Cash And Cash Equivalents Chart

Rayitek Hi-Tech Film Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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60.52

202.87

270.75

79.50

Rayitek Hi-Tech Film Co Quarterly Data
	Dec17	Dec18	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															270.75	223.78	192.18	129.48	79.50

Rayitek Hi-Tech Film 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.

Rayitek Hi-Tech Film Co (SHSE:688323) 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.

Rayitek Hi-Tech Film Co Cash And Cash Equivalents Related Terms

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Rayitek Hi-Tech Film Co (SHSE:688323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rayitek Hi-Tech Film Co Ltd (SHSE:688323) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Songgang Street Office, Huamei Industrial Park, Baoan District, Guangdong Province, Shenzhen, CHN, 518105

Website

http://www.rayitek.com

Rayitek Hi-Tech Film Co Ltd is engaged in the research and development, production and sales of high-performance PI films. The main product series include thermal control series PI films, electronic series PI films, electrical series PI films, functional PI films and others which are widely used in flexible circuit boards, consumer electronics, high-speed rail transit, wind power generation, 5G communications, flexible displays, aerospace Aviation and other high-tech industries.

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