Maiyue Technology (HKSE:02501) Cash And Cash Equivalents : HK$52.3 Mil (As of Dec. 2023)

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What is Maiyue Technology Cash And Cash Equivalents?

Maiyue Technology's quarterly cash and cash equivalents increased from Dec. 2021 (HK$60.19 Mil) to Dec. 2022 (HK$69.91 Mil) but then stayed the same from Dec. 2022 (HK$69.91 Mil) to Dec. 2023 (HK$52.29 Mil).

Maiyue Technology's annual cash and cash equivalents increased from Dec. 2021 (HK$60.19 Mil) to Dec. 2022 (HK$69.91 Mil) but then declined from Dec. 2022 (HK$69.91 Mil) to Dec. 2023 (HK$52.29 Mil).

Maiyue Technology Cash And Cash Equivalents Historical Data

The historical data trend for Maiyue Technology'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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Maiyue Technology Cash And Cash Equivalents Chart

Maiyue Technology Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

66.52

60.19

69.91

52.29

Maiyue Technology Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Cash And Cash Equivalents	66.52	60.19	69.91	52.29

Maiyue Technology 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.

Maiyue Technology (HKSE:02501) 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.

Maiyue Technology Cash And Cash Equivalents Related Terms

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Maiyue Technology (HKSE:02501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Maiyue Technology Ltd (HKSE:02501) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Gehai Road, Room 806, 8th Floor, Office Area, Block B, East Tower, Guangxi, Guangxi Sports Centre Supporting Project Complex, Nanning, CHN

Website

http://www.maiyuesoft.com

Maiyue Technology Ltd is an integrated IT solutions services provider in the education and government IT solutions markets in Guangxi. It primarily focuses on the provision of customized integrated IT solutions services to customers in the education sector, primarily offline formal public education institutions, for the purpose of digitalized campus development. It aims to utilize technologies in its products and services to assist education institutions in opening up and connecting different departments, functions and facilities of campus in a single platform, realizing the integration and utilization of data from multiple sources, which improves the overall campus experience and effectiveness of teaching and learning.

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