Peet (ASX:PPC) Cash And Cash Equivalents : A$14.8 Mil (As of Dec. 2024)

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What is Peet Cash And Cash Equivalents?

Peet's quarterly cash and cash equivalents declined from Dec. 2023 (A$36.59 Mil) to Jun. 2024 (A$23.76 Mil) but then stayed the same from Jun. 2024 (A$23.76 Mil) to Dec. 2024 (A$14.84 Mil).

Peet's annual cash and cash equivalents declined from Jun. 2022 (A$55.38 Mil) to Jun. 2023 (A$38.79 Mil) and declined from Jun. 2023 (A$38.79 Mil) to Jun. 2024 (A$23.76 Mil).

Peet Cash And Cash Equivalents Historical Data

The historical data trend for Peet'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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Peet Cash And Cash Equivalents Chart

Peet Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

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46.84

64.13

55.38

38.79

23.76

Peet Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															25.76	38.79	36.59	23.76	14.84

Peet 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.

Peet (ASX:PPC) 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.

Peet Cash And Cash Equivalents Related Terms

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Peet Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Peet Ltd (ASX:PPC) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

200 Street Georges Terrace, Level 7, Perth, WA, AUS, 6000

Website

https://www.peet.com.au

Peet Ltd acquires, develops, and markets residential land, predominantly under a capital-efficient funds management model. The company earns revenue from the sale of land, underwriting, capital raising, and asset identification services; Ongoing project-related fees mainly project management, selling fees, and performance fees. It operates in the following segment: Funds management; Company-owned projects; Joint arrangements Inter segment transfers and other unallocated. The Company-owned projects segment accounts for the majority of revenue.