Gettop Acoustic Co (SZSE:002655) Cash And Cash Equivalents : ¥244 Mil (As of Jun. 2024)

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What is Gettop Acoustic Co Cash And Cash Equivalents?

Gettop Acoustic Co's quarterly cash and cash equivalents declined from Dec. 2023 (¥182.68 Mil) to Mar. 2024 (¥175.46 Mil) but then increased from Mar. 2024 (¥175.46 Mil) to Jun. 2024 (¥244.37 Mil).

Gettop Acoustic Co's annual cash and cash equivalents increased from Dec. 2021 (¥104.22 Mil) to Dec. 2022 (¥150.64 Mil) and increased from Dec. 2022 (¥150.64 Mil) to Dec. 2023 (¥182.68 Mil).

Gettop Acoustic Co Cash And Cash Equivalents Historical Data

The historical data trend for Gettop Acoustic 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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Gettop Acoustic Co Cash And Cash Equivalents Chart

Gettop Acoustic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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83.70

61.38

104.22

150.64

182.68

Gettop Acoustic Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															155.29	163.40	182.68	175.46	244.37

Gettop Acoustic 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.

Gettop Acoustic Co (SZSE:002655) 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.

Gettop Acoustic Co Cash And Cash Equivalents Related Terms

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Gettop Acoustic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gettop Acoustic Co Ltd (SZSE:002655) » Definitions » Cash And Cash Equivalents

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Address

No. 68, Fengshan Road, Fangzi District, Shandong Province, Weifang, CHN

Website

http://www.gettopacoustic.com

Gettop Acoustic Co Ltd is a manufacturer of electro-acoustic components and assemblies as well as a provider of complete electro-acoustic solutions. The company is mainly focusing on the manufacturing miniature microphone, micro speaker/receiver and module products. These products are widely used in mobile communication devices, portable PC, flat panel TV, personal digital device, car kits, and other consumer electronics. The company has an operational presence across Canada, United States of America, Denmark, Finland, Brazil, Japan, Germany, among others.

Executives

Zhang Diao Zhan	Director
Yang Zhi Yong	Supervisors
Zhang Lin Lin	Director
Wang Pei Sen	Supervisors
Yang Jin Jun	Director
Yang Xu Guang	Supervisors
Zhao Du Ren	Director

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