Shanghai Conant Optical Co (HKSE:02276) Cash And Cash Equivalents : HK$533 Mil (As of Dec. 2024)

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What is Shanghai Conant Optical Co Cash And Cash Equivalents?

Shanghai Conant Optical Co's quarterly cash and cash equivalents increased from Dec. 2023 (HK$361.52 Mil) to Jun. 2024 (HK$583.12 Mil) but then stayed the same from Jun. 2024 (HK$583.12 Mil) to Dec. 2024 (HK$532.84 Mil).

Shanghai Conant Optical Co's annual cash and cash equivalents declined from Dec. 2022 (HK$374.79 Mil) to Dec. 2023 (HK$361.52 Mil) but then increased from Dec. 2023 (HK$361.52 Mil) to Dec. 2024 (HK$532.84 Mil).

Shanghai Conant Optical Co Cash And Cash Equivalents Historical Data

The historical data trend for Shanghai Conant Optical 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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Shanghai Conant Optical Co Cash And Cash Equivalents Chart

Shanghai Conant Optical Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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239.28

722.24

374.79

361.52

532.84

Shanghai Conant Optical Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial						374.79	514.97	361.52	583.12	532.84

Shanghai Conant Optical 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.

Shanghai Conant Optical Co (HKSE:02276) 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.

Shanghai Conant Optical Co Cash And Cash Equivalents Related Terms

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Shanghai Conant Optical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Conant Optical Co Ltd (HKSE:02276) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1-42 Lane 83 Hongxiang North Road, 4th Floor, Building 35, Lin-gang Special Area, Pilot Free Trade Zone, Shanghai, CHN

Website

https://www.conantoptical.com.cn

Shanghai Conant Optical Co Ltd is a resin spectacle lens manufacturer in China. The company offers a wide range of resin spectacle lenses to its customers including standardized lenses and customized lenses. The spectacle lenses are also tinted, coated, or cast with various films or coatings for added functionality, such as polarised, photochromic, blue-ray blocking, anti-scratch, anti-reflection, and anti-smudge. Geographically, the company generates a majority of its revenue from Mainland China and the rest from the Americas, Europe, Oceania, Africa, and Asia (except for mainland China).

Executives

Goertek (hongkong) Co., Limited	2101 Beneficial owner
Goertek Inc.	2201 Interest of corporation controlled by you
Fei Zhengxiang	2101 Beneficial owner

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