Shenzhen SEICHI Technologies Co (SHSE:688627) Cash And Cash Equivalents : ¥586.6 Mil (As of Mar. 2024)

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What is Shenzhen SEICHI Technologies Co Cash And Cash Equivalents?

Shenzhen SEICHI Technologies Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥635.54 Mil) to Dec. 2023 (¥740.63 Mil) but then stayed the same from Dec. 2023 (¥740.63 Mil) to Mar. 2024 (¥586.60 Mil).

Shenzhen SEICHI Technologies Co's annual cash and cash equivalents declined from Dec. 2021 (¥409.93 Mil) to Dec. 2022 (¥216.31 Mil) but then increased from Dec. 2022 (¥216.31 Mil) to Dec. 2023 (¥740.63 Mil).

Shenzhen SEICHI Technologies Co Cash And Cash Equivalents Historical Data

The historical data trend for Shenzhen SEICHI Technologies 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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Shenzhen SEICHI Technologies Co Cash And Cash Equivalents Chart

Shenzhen SEICHI Technologies Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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42.24

331.31

409.93

216.31

740.63

Shenzhen SEICHI Technologies Co Quarterly Data
	Dec13	Dec14	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial										67.70	225.01	635.54	740.63	586.60

Shenzhen SEICHI Technologies 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.

Shenzhen SEICHI Technologies Co (SHSE:688627) 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.

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Shenzhen SEICHI Technologies Co (SHSE:688627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen SEICHI Technologies Co Ltd (SHSE:688627) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Longhua Street, East of 1st Floor, Building D, 101 Industrial Park, No. 1 Fuanna Company, Qinghu Village, Longhua, Qinghu, Guangdong, Shenzhen, CHN, 518110

Website

http://www.seichitech.com

Shenzhen SEICHI Technologies Co Ltd is a provider of testing equipment and system solution. It is mainly engaged in research, development, production and sales of new display device testing equipment. Detection and calibration repair, and gradually extended to the field of semiconductor storage device testing equipment, related products are used in wafer testing, packaging testing and aging repair of semiconductor storage devices represented by DRAM.

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