Aluminum of China (SHSE:601600) Cash And Cash Equivalents : ¥22,954 Mil (As of Sep. 2024)

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What is Aluminum of China Cash And Cash Equivalents?

Aluminum of China's quarterly cash and cash equivalents increased from Mar. 2024 (¥20,403.35 Mil) to Jun. 2024 (¥25,836.90 Mil) but then stayed the same from Jun. 2024 (¥25,836.90 Mil) to Sep. 2024 (¥22,953.84 Mil).

Aluminum of China's annual cash and cash equivalents declined from Dec. 2021 (¥21,084.61 Mil) to Dec. 2022 (¥19,259.93 Mil) but then increased from Dec. 2022 (¥19,259.93 Mil) to Dec. 2023 (¥21,103.58 Mil).

Aluminum of China Cash And Cash Equivalents Historical Data

The historical data trend for Aluminum of China'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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Aluminum of China Cash And Cash Equivalents Chart

Aluminum of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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9,084.63

10,727.51

21,084.61

19,259.93

21,103.58

Aluminum of China 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															18,671.79	21,103.58	20,403.35	25,836.90	22,953.84

Aluminum of China 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.

Aluminum of China (SHSE:601600) 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.

Aluminum of China Cash And Cash Equivalents Related Terms

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Aluminum of China Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluminum Corp of China Ltd (SHSE:601600) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

ALMMF:USA 02600:Hong Kong AOC:Germany AOC:Austria

Address

No. 62 North Xizhimen Street, Haidian District, Beijing, CHN, 100082

Website

https://www.chalco.com.cn

Aluminum Corp of China Ltd is an aluminum producer. Its main business includes exploration and mining of resources such as bauxite and coal, production, sales, technology research and development of alumina, primary aluminum, aluminum alloys, and carbon products, international trade, logistics industry, thermal and new energy power generation, etc. The company's reportable operating segments are; The alumina segment, The primary aluminum segment, Energy, Trading, and the Corporate segment. The majority of its revenue is generated from the primary aluminum segment which consists of procuring alumina and other raw materials, supplemental materials and electricity power, and smelting alumina to produce primary aluminum. Geographically, its key revenue is derived from Mainland China.

Executives

Jiang Ying Gang	Director
Zhao Zhao	Supervisors

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