Yanchang Petroleum International (HKSE:00346) Cash And Cash Equivalents : HK$226 Mil (As of Dec. 2023)

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What is Yanchang Petroleum International Cash And Cash Equivalents?

Yanchang Petroleum International's quarterly cash and cash equivalents increased from Dec. 2022 (HK$133.21 Mil) to Jun. 2023 (HK$349.90 Mil) but then stayed the same from Jun. 2023 (HK$349.90 Mil) to Dec. 2023 (HK$226.19 Mil).

Yanchang Petroleum International's annual cash and cash equivalents declined from Dec. 2021 (HK$394.13 Mil) to Dec. 2022 (HK$133.21 Mil) but then increased from Dec. 2022 (HK$133.21 Mil) to Dec. 2023 (HK$226.19 Mil).

Yanchang Petroleum International Cash And Cash Equivalents Historical Data

The historical data trend for Yanchang Petroleum International'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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Yanchang Petroleum International Cash And Cash Equivalents Chart

Yanchang Petroleum International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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298.69

436.08

394.13

133.21

226.19

Yanchang Petroleum International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															394.13	476.96	133.21	349.90	226.19

Yanchang Petroleum International 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.

Yanchang Petroleum International (HKSE:00346) 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.

Yanchang Petroleum International Cash And Cash Equivalents Related Terms

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Yanchang Petroleum International (HKSE:00346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yanchang Petroleum International Ltd (HKSE:00346) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Hysan Avenue, Causeway Bay, Room 3403, 34th Floor, Lee Garden One, Hong Kong, HKG

Website

http://www.yanchanginternational.com

Yanchang Petroleum International Ltd is engaged in supply and procurement operation of oil-related products. The operating segments of the company are Exploration, exploitation, and operation which comprises the oil and gas exploration, exploitation, sale and operation; and Supply and procurement business segment involves storage, transportation, trading and distribution of oil-related products. It generates maximum revenue from Supply and procurement segment. Geographically, it derives majority revenue from PRC and also has an operation in Canada and Others.

Executives

Shan Xi Yan Zhang Shi You Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Yan Zhang Shi You Ji Tuan Xiang Gang You Xian Gong Si	2101 Beneficial owner
Chang An Hui Tong Tou Zi Xiang Gang You Xian Gong Si	2101 Beneficial owner
Chang An Hui Tong You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you

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