Bescient Technologies Co (SHSE:688671) Cash And Cash Equivalents : ¥186.5 Mil (As of Mar. 2024)

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What is Bescient Technologies Co Cash And Cash Equivalents?

Bescient Technologies Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥51.16 Mil) to Dec. 2023 (¥261.57 Mil) but then stayed the same from Dec. 2023 (¥261.57 Mil) to Mar. 2024 (¥186.49 Mil).

Bescient Technologies Co's annual cash and cash equivalents declined from Dec. 2021 (¥227.23 Mil) to Dec. 2022 (¥226.16 Mil) but then increased from Dec. 2022 (¥226.16 Mil) to Dec. 2023 (¥261.57 Mil).

Bescient Technologies Co Cash And Cash Equivalents Historical Data

The historical data trend for Bescient 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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Bescient Technologies Co Cash And Cash Equivalents Chart

Bescient Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

139.86

278.81

227.23

226.16

261.57

Bescient Technologies Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial							164.50	208.39	51.16	261.57	186.49

Bescient 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.

Bescient Technologies Co (SHSE:688671) 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.

Bescient Technologies Co Cash And Cash Equivalents Related Terms

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Bescient Technologies Co (SHSE:688671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bescient Technologies Co Ltd (SHSE:688671) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Liuxian 3rd Road, Xin'an Street, Room 301, Building 2, Runheng Industrial Zone, No. 1, Xingdong, Bao'an, Guangdong, Shenzhen, CHN, 518101

Website

http://www.bx-tec.com

Bescient Technologies Co Ltd is a national high-tech backbone enterprise engaged in the development of environmental automatic monitoring. It has always focused on the independent research and development of scientific instruments and big data and is committed to building multi-industry intelligent applications and services that perceive and interconnect all things, and provide strong technical support for the construction of the national ecological environment, water conservancy and public safety. Its main business involves research and development, production and technical services in the fields of intelligent environmental monitoring equipment, environmental monitoring Internet of Things and ecological environment big data, smart water affairs, digital agriculture, and public security.

Executives

He Yuan Ping

Director

Bescient Technologies Co (SHSE:688671) Headlines

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