China Tourism Group Duty Free (HKSE:01880) Cash And Cash Equivalents : HK$42,550 Mil (As of Mar. 2025)

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What is China Tourism Group Duty Free Cash And Cash Equivalents?

China Tourism Group Duty Free's quarterly cash and cash equivalents increased from Sep. 2024 (HK$35,256.30 Mil) to Dec. 2024 (HK$37,173.48 Mil) and increased from Dec. 2024 (HK$37,173.48 Mil) to Mar. 2025 (HK$42,550.02 Mil).

China Tourism Group Duty Free's annual cash and cash equivalents increased from Dec. 2022 (HK$30,030.36 Mil) to Dec. 2023 (HK$34,824.20 Mil) and increased from Dec. 2023 (HK$34,824.20 Mil) to Dec. 2024 (HK$37,173.48 Mil).

China Tourism Group Duty Free Cash And Cash Equivalents Historical Data

The historical data trend for China Tourism Group Duty Free'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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China Tourism Group Duty Free Cash And Cash Equivalents Chart

China Tourism Group Duty Free Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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17,441.55

20,639.87

30,030.36

34,824.20

37,173.48

China Tourism Group Duty Free Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash And Cash Equivalents	Get a 7-Day Free Trial															39,525.81	34,659.19	35,256.30	37,173.48	42,550.02

China Tourism Group Duty Free 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.

China Tourism Group Duty Free (HKSE:01880) 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.

China Tourism Group Duty Free Cash And Cash Equivalents Related Terms

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China Tourism Group Duty Free Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Tourism Group Duty Free Corp Ltd (HKSE:01880) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

601888:China

Address

No. 2A, Dongzhimenwai Street, 8th Floor, Building A, Dongcheng District, Beijing, CHN, 100027

Website

https://www.ctgdutyfree.com.cn

Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2024 with revenue of CNY 56.5 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 30 provinces in China, as well as overseas. The company also operates a duty-paid business and its 2024 revenue mix comprised 69% duty-free sales and 31% duty-paid sales and others. CTG Duty Free is 50.3% owned by China Tourism Group, a state-owned enterprise that falls directly under the state-owned Asset Supervision and Administration Commission of the State Council.

Executives

Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Rui Zhong Ren Shou Bao Xian You Xian Ze Ren Gong Si	2101 Beneficial owner
Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2201 Interest of corporation controlled by you
Aggregate Of Abrdn Plc Affiliated Investment Management Entities	2102 Investment manager
Morgan Stanley	2201 Interest of corporation controlled by you
Bank Of America Corporation
The Capital Group Companies, Inc.	2201 Interest of corporation controlled by you
Gic Private Limited	2102 Investment manager
Brown Brothers Harriman & Co.	2502 Approved lending agent

China Tourism Group Duty Free Headlines

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