Chia Yi Steel Co (ROCO:2067) Cash And Cash Equivalents : NT$97.2 Mil (As of Sep. 2024)

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What is Chia Yi Steel Co Cash And Cash Equivalents?

Chia Yi Steel Co's quarterly cash and cash equivalents declined from Mar. 2024 (NT$131.14 Mil) to Jun. 2024 (NT$91.81 Mil) but then increased from Jun. 2024 (NT$91.81 Mil) to Sep. 2024 (NT$97.19 Mil).

Chia Yi Steel Co's annual cash and cash equivalents declined from Dec. 2021 (NT$121.89 Mil) to Dec. 2022 (NT$115.33 Mil) and declined from Dec. 2022 (NT$115.33 Mil) to Dec. 2023 (NT$84.82 Mil).

Chia Yi Steel Co Cash And Cash Equivalents Historical Data

The historical data trend for Chia Yi Steel 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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Chia Yi Steel Co Cash And Cash Equivalents Chart

Chia Yi Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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132.33

116.37

121.89

115.33

84.82

Chia Yi Steel Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															118.14	84.82	131.14	91.81	97.19

Chia Yi Steel 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.

Chia Yi Steel Co (ROCO:2067) 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.

Chia Yi Steel Co Cash And Cash Equivalents Related Terms

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Chia Yi Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chia Yi Steel Co Ltd (ROCO:2067) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

No. 21, Chenggong 2nd Street, Beidou Village, Chiayi County, Minxiong, TWN, 62155

Website

http://www.cysteel.com.tw

Chia Yi Steel Co Ltd is engaged in the casting; processing and trading of various cast irons. Its products include hydraulic parts, industrial parts, and car parts. The company covers mechanical parts, hydraulic valve bodies, compressors, transporters, construction machinery, agricultural machinery, ships, cranes, engines, transmissions, braking systems, spring brackets, and other parts. It also produces railway parts, Elevator pulleys, pumps, bolt mechanical parts, and product assembly operations. The company supplies its products to Asia; European and American countries.

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