CCOOP Group Co (SZSE:000564) Cash And Cash Equivalents : ¥1,150 Mil (As of Mar. 2024)

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What is CCOOP Group Co Cash And Cash Equivalents?

CCOOP Group Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥181.92 Mil) to Dec. 2023 (¥304.10 Mil) and increased from Dec. 2023 (¥304.10 Mil) to Mar. 2024 (¥1,149.94 Mil).

CCOOP Group Co's annual cash and cash equivalents declined from Dec. 2021 (¥523.62 Mil) to Dec. 2022 (¥211.22 Mil) but then increased from Dec. 2022 (¥211.22 Mil) to Dec. 2023 (¥304.10 Mil).

CCOOP Group Co Cash And Cash Equivalents Historical Data

The historical data trend for CCOOP Group 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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CCOOP Group Co Cash And Cash Equivalents Chart

CCOOP Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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5,822.24

767.65

523.62

211.22

304.10

CCOOP Group 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															169.17	179.45	181.92	304.10	1,149.94

CCOOP Group 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.

CCOOP Group Co (SZSE:000564) 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.

CCOOP Group Co Cash And Cash Equivalents Related Terms

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CCOOP Group Co (SZSE:000564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CCOOP Group Co Ltd (SZSE:000564) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

No. 103 Jiefang Road, Shanxi Province, Xi'an, CHN, 710005

Website

http://www.cnminsheng.com

CCOOP Group Co Ltd is a China-based company engaged in operating retail department stores in China. It focuses on physical store operations, conducts store operations based on the model of joint ventures and leasing.

Executives

Shang Jian Fei	Executives
Wu Ke Qin	Supervisors
Du Jing	Secretary Dong
Liu Kun	Executives
Lin Xiao Sai	Supervisors
Han Wei	Directors, executives
Wang Hui	Directors, executives
Shang Duo Xu	Director
Du Xiao Ping	Director
Li Qiang	Executives

CCOOP Group Co (SZSE:000564) Headlines

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