Sobute New Materials Co (SHSE:603916) Cash And Cash Equivalents : ¥1,068 Mil (As of Mar. 2024)

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What is Sobute New Materials Co Cash And Cash Equivalents?

Sobute New Materials Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥893.24 Mil) to Dec. 2023 (¥1,002.53 Mil) and increased from Dec. 2023 (¥1,002.53 Mil) to Mar. 2024 (¥1,067.99 Mil).

Sobute New Materials Co's annual cash and cash equivalents increased from Dec. 2021 (¥841.72 Mil) to Dec. 2022 (¥1,048.40 Mil) but then declined from Dec. 2022 (¥1,048.40 Mil) to Dec. 2023 (¥1,002.53 Mil).

Sobute New Materials Co Cash And Cash Equivalents Historical Data

The historical data trend for Sobute New Materials 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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Sobute New Materials Co Cash And Cash Equivalents Chart

Sobute New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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506.54

986.42

841.72

1,048.40

1,002.53

Sobute New Materials 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															789.97	960.20	893.24	1,002.53	1,067.99

Sobute New Materials 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.

Sobute New Materials Co (SHSE:603916) 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.

Sobute New Materials Co Cash And Cash Equivalents Related Terms

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Sobute New Materials Co (SHSE:603916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sobute New Materials Co Ltd (SHSE:603916) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Chun Street Liquan Road 118, Jiangning District, Nanjing, CHN, 211100

Website

http://www.sobute.com

Sobute New Materials Co Ltd is a civil engineering material supplier. It is engaged in the research and development, production and sales of concrete admixtures. The company's products include Cement and concrete admixtures; Grouting material; Road construction material; and Building fiber.

Executives

Mou Chang Wen	Director
Hong Jin Xiang	senior management
Mao Liang Xi	Directors, senior managers
Xu Yue	senior management
Zhang Yong	senior management
Zhang Yue Xing	Supervisors
Zhang Jian Xiong	Director
Liu Jia Ping	Director
Chen Jian Hua	Director

Sobute New Materials Co (SHSE:603916) Headlines

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