Zibuyu Group (HKSE:02420) Cash And Cash Equivalents : HK$303 Mil (As of Dec. 2023)

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What is Zibuyu Group Cash And Cash Equivalents?

Zibuyu Group's quarterly cash and cash equivalents increased from Dec. 2022 (HK$328.92 Mil) to Jun. 2023 (HK$344.05 Mil) but then stayed the same from Jun. 2023 (HK$344.05 Mil) to Dec. 2023 (HK$303.50 Mil).

Zibuyu Group's annual cash and cash equivalents increased from Dec. 2021 (HK$99.00 Mil) to Dec. 2022 (HK$328.92 Mil) but then declined from Dec. 2022 (HK$328.92 Mil) to Dec. 2023 (HK$303.50 Mil).

Zibuyu Group Cash And Cash Equivalents Historical Data

The historical data trend for Zibuyu Group'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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Zibuyu Group Cash And Cash Equivalents Chart

Zibuyu Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

30.15

98.39

99.00

328.92

303.50

Zibuyu Group Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial			99.00	97.19	328.92	344.05	303.50

Zibuyu Group 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.

Zibuyu Group (HKSE:02420) 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.

Zibuyu Group Cash And Cash Equivalents Related Terms

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Zibuyu Group (HKSE:02420) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Zibuyu Group Ltd (HKSE:02420) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 410, No. 108, Xincheng Road, Nanyuan Street, Linping District, Zhejiang Province, Hangzhou, CHN

Website

https://www.zbycorp.com

Zibuyu Group Ltd is an investment holding company and its subsidiaries are engaged in focusing on the sale of apparel and footwear products through third-party e-commerce platforms across china. It designs apparel, footwear and other products, procure products manufactured in accordance with its design and on OEM basis from selected OEM suppliers, and subsequently sell such products to customers globally through a combination of third-party e-commerce platforms and its self-operated online stores. Its sales channels consisted of Amazon, Wish, other third-party e-commerce platforms such as eBay and AliExpress, and its self-operated online stores.

Executives

Wang Shijian
Hua Bingru	2201 Interest of corporation controlled by you
Yu Feng	2201 Interest of corporation controlled by you
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Zibuyu Group (HKSE:02420) Headlines

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