Rich Development Co (ROCO:5512) Cash And Cash Equivalents : NT$2,801 Mil (As of Jun. 2024)

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What is Rich Development Co Cash And Cash Equivalents?

Rich Development Co's quarterly cash and cash equivalents declined from Dec. 2023 (NT$2,617.54 Mil) to Mar. 2024 (NT$2,248.38 Mil) but then increased from Mar. 2024 (NT$2,248.38 Mil) to Jun. 2024 (NT$2,801.22 Mil).

Rich Development Co's annual cash and cash equivalents declined from Dec. 2021 (NT$3,113.73 Mil) to Dec. 2022 (NT$2,240.11 Mil) but then increased from Dec. 2022 (NT$2,240.11 Mil) to Dec. 2023 (NT$2,617.54 Mil).

Rich Development Co Cash And Cash Equivalents Historical Data

The historical data trend for Rich Development 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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Rich Development Co Cash And Cash Equivalents Chart

Rich Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,868.81

2,555.52

3,113.73

2,240.11

2,617.54

Rich Development Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															2,337.64	2,220.76	2,617.54	2,248.38	2,801.22

Rich Development 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.

Rich Development Co (ROCO:5512) 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.

Rich Development Co Cash And Cash Equivalents Related Terms

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Rich Development Co Business Description

Industry

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Traded in Other Exchanges

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Address

No. 99, Chi Lin Road, 8th Floor, Taipei, TWN, 104

Website

https://www.rhd.com.tw

Rich Development Co Ltd is a Taiwan-based company primarily engaged in the construction, development, leasing, and distribution of residential and commercial buildings. The company's main business includes commissioning manufacturers to build commercial buildings and lease and sale of public housing; commissioned by government industrial authorities to handle the development, leasing and management of industrial areas; construction of sewage treatment plants and operation of sewage treatment projects; operation of resort hotels and travel agency operations and others. Its segments include the Construction segment, the Sewage treatment segment: and the Tourist hotel segment.

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