Speed Tech (ROCO:5457) Cash And Cash Equivalents : NT$4,624 Mil (As of Sep. 2024)

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What is Speed Tech Cash And Cash Equivalents?

Speed Tech's quarterly cash and cash equivalents declined from Mar. 2024 (NT$5,101.59 Mil) to Jun. 2024 (NT$4,104.13 Mil) but then increased from Jun. 2024 (NT$4,104.13 Mil) to Sep. 2024 (NT$4,624.13 Mil).

Speed Tech's annual cash and cash equivalents declined from Dec. 2021 (NT$2,734.36 Mil) to Dec. 2022 (NT$2,481.21 Mil) but then increased from Dec. 2022 (NT$2,481.21 Mil) to Dec. 2023 (NT$3,860.24 Mil).

Speed Tech Cash And Cash Equivalents Historical Data

The historical data trend for Speed Tech'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.

* Premium members only.

Speed Tech Cash And Cash Equivalents Chart

Speed Tech Annual Data

Trend

Dec14

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Dec22

Dec23

Cash And Cash Equivalents

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833.00

1,739.25

2,734.36

2,481.21

3,860.24

Speed Tech 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															3,300.54	3,860.24	5,101.59	4,104.13	4,624.13

Speed Tech 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.

Speed Tech (ROCO:5457) 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.

Speed Tech Cash And Cash Equivalents Related Terms

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Speed Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Speed Tech Corp (ROCO:5457) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No.568, Section 1, Ming-Sheng North Road, Guishan District, Taoyuan City, TWN

Website

https://www.speedtech.com.tw

Speed Tech Corp is a company that manufactures electronic connectors for various computers, related control buttons, key components, mechanical design, processing, manufacturing, and sale of various precision molds, jigs, plastic molding products, and electronic, and communication products. The company earns maximum revenue from the Electronic connectors department. The company operates in China, Hong Kong, Taiwan, and others.

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