Yieh United Steel (ROCO:9957) Cash And Cash Equivalents : NT$1,117 Mil (As of Dec. 2023)

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What is Yieh United Steel Cash And Cash Equivalents?

Yieh United Steel's quarterly cash and cash equivalents declined from Dec. 2022 (NT$1,316.49 Mil) to Jun. 2023 (NT$1,285.21 Mil) but then stayed the same from Jun. 2023 (NT$1,285.21 Mil) to Dec. 2023 (NT$1,116.88 Mil).

Yieh United Steel's annual cash and cash equivalents increased from Dec. 2021 (NT$1,165.93 Mil) to Dec. 2022 (NT$1,316.49 Mil) but then declined from Dec. 2022 (NT$1,316.49 Mil) to Dec. 2023 (NT$1,116.88 Mil).

Yieh United Steel Cash And Cash Equivalents Historical Data

The historical data trend for Yieh United Steel'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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Yieh United Steel Cash And Cash Equivalents Chart

Yieh United Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,334.83

854.69

1,165.93

1,316.49

1,116.88

Yieh United Steel Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,165.93	1,887.88	1,316.49	1,285.21	1,116.88

Yieh United Steel 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.

Yieh United Steel (ROCO:9957) 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.

Yieh United Steel Cash And Cash Equivalents Related Terms

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Yieh United Steel (ROCO:9957) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yieh United Steel Corp (ROCO:9957) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

No.600, Xinglong St., Jiaxing Vil, Gangshan District, Kaohsiung, TWN, 82057

Website

http://www.yusco.com.tw

Yieh United Steel Corp operates as a steel manufacturer. The products of the company include stainless steel small steel embryo, cold rolled steel coil, stainless steel hot-rolled steel sheet, stainless steel hot rolled black steel coil, carbon steel small steel embryo, and carbon steel hot rolled crude steel coil.

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