Nanjing Huamai Technology Co (SHSE:603042) Cash And Cash Equivalents : ¥289.4 Mil (As of Mar. 2024)

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What is Nanjing Huamai Technology Co Cash And Cash Equivalents?

Nanjing Huamai Technology Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥278.76 Mil) to Dec. 2023 (¥280.04 Mil) and increased from Dec. 2023 (¥280.04 Mil) to Mar. 2024 (¥289.39 Mil).

Nanjing Huamai Technology Co's annual cash and cash equivalents declined from Dec. 2021 (¥368.30 Mil) to Dec. 2022 (¥284.46 Mil) and declined from Dec. 2022 (¥284.46 Mil) to Dec. 2023 (¥280.04 Mil).

Nanjing Huamai Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for Nanjing Huamai Technology 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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Nanjing Huamai Technology Co Cash And Cash Equivalents Chart

Nanjing Huamai Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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266.65

253.12

368.30

284.46

280.04

Nanjing Huamai Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															255.77	373.38	278.76	280.04	289.39

Nanjing Huamai Technology 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.

Nanjing Huamai Technology Co (SHSE:603042) 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.

Nanjing Huamai Technology Co Cash And Cash Equivalents Related Terms

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Nanjing Huamai Technology Co (SHSE:603042) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanjing Huamai Technology Co Ltd (SHSE:603042) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

11th Runfa Road, Dongshan Industry Gathering Zone, Jiangning District, Jiangsu Province, Nanjing, CHN, 211103

Website

http://www.huamai.cn

Nanjing Huamai Technology Co Ltd is a Chinese company engaged in the research and development, design, manufacture and sale for telecom distribution products and passive microwave products. The company operates in two industries, namely fiber optic telecommunications and wireless telecommunications. Fiber optic telecommunications products covers parts from OLT to ONU in full series of ODN network, and Microwave telecommunications products include indoor signal distribution system and passive microwave components. It provides wireless communication products such as indoor distribution system, microwave passive components, and 3G/4G base station antennas, embellished antennas and miniaturized antennas, among others.

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