Shenzhen Properties & Resources Development (Group) (SZSE:000011) Cash And Cash Equivalents : ¥2,347 Mil (As of Mar. 2024)

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What is Shenzhen Properties & Resources Development (Group) Cash And Cash Equivalents?

Shenzhen Properties & Resources Development (Group)'s quarterly cash and cash equivalents increased from Sep. 2023 (¥1,208.46 Mil) to Dec. 2023 (¥2,748.80 Mil) but then stayed the same from Dec. 2023 (¥2,748.80 Mil) to Mar. 2024 (¥2,347.28 Mil).

Shenzhen Properties & Resources Development (Group)'s annual cash and cash equivalents declined from Dec. 2021 (¥2,280.82 Mil) to Dec. 2022 (¥1,517.53 Mil) but then increased from Dec. 2022 (¥1,517.53 Mil) to Dec. 2023 (¥2,748.80 Mil).

Shenzhen Properties & Resources Development (Group) Cash And Cash Equivalents Historical Data

The historical data trend for Shenzhen Properties & Resources Development (Group)'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 Properties & Resources Development (Group) Cash And Cash Equivalents Chart

Shenzhen Properties & Resources Development (Group) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3,297.89

4,206.27

2,280.82

1,517.53

2,748.80

Shenzhen Properties & Resources Development (Group) 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															1,294.11	1,392.21	1,208.46	2,748.80	2,347.28

Shenzhen Properties & Resources Development (Group) 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 Properties & Resources Development (Group) (SZSE:000011) 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.

Shenzhen Properties & Resources Development (Group) Cash And Cash Equivalents Related Terms

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Shenzhen Properties & Resources Development (Group) (SZSE:000011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Properties & Resources Development (Group) Ltd (SZSE:000011) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

200011:China

Address

Renmin South Road, 39 Floor and 42 Floor, International Trade Center, Guangdong Province, Luohu District, Shenzhen, CHN, 518014

Website

http://www.szwuye.com.cn

Shenzhen Properties & Resources Development (Group) Ltd is engaged in real estate development property management and housing asset operation as the basic business, with catering service, warehousing business and supervision business. It develops the residence, the hi-end apartment and the office building. It also provides house leasing, catering service, warehousing service, and supervision service. The company operates in three segments namely Real estate, Property management, and Catering service. Majority of the revenue is derived from the Real estate segment.

Shenzhen Properties & Resources Development (Group) (SZSE:000011) Headlines

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