Topsports International Holdings (HKSE:06110) Cash And Cash Equivalents : HK$2,545 Mil (As of Aug. 2023)

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What is Topsports International Holdings Cash And Cash Equivalents?

Topsports International Holdings's quarterly cash and cash equivalents increased from Aug. 2022 (HK$1,934.43 Mil) to Feb. 2023 (HK$2,705.29 Mil) but then stayed the same from Feb. 2023 (HK$2,705.29 Mil) to Aug. 2023 (HK$2,545.28 Mil).

Topsports International Holdings's annual cash and cash equivalents increased from Feb. 2021 (HK$1,474.71 Mil) to Feb. 2022 (HK$2,154.75 Mil) and increased from Feb. 2022 (HK$2,154.75 Mil) to Feb. 2023 (HK$2,705.29 Mil).

Topsports International Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Topsports International Holdings'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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Topsports International Holdings Cash And Cash Equivalents Chart

Topsports International Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash And Cash Equivalents

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757.78

3,138.31

1,474.71

2,154.75

2,705.29

Topsports International Holdings Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Cash And Cash Equivalents	Get a 7-Day Free Trial								1,283.45	2,154.75	1,934.43	2,705.29	2,545.28

Topsports International Holdings 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.

Topsports International Holdings (HKSE:06110) 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.

Topsports International Holdings Cash And Cash Equivalents Related Terms

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Topsports International Holdings (HKSE:06110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topsports International Holdings Ltd (HKSE:06110) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

TPSRF:USA 6110:Mexico

Address

No. 928 Liuzhou Road, 22nd Floor, Belle International Building, Xuhui District, Shanghai, CHN

Website

https://www.topsports.com.cn

Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.

Topsports International Holdings (HKSE:06110) Headlines

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