Ganyuan Foods Co (SZSE:002991) Cash And Cash Equivalents : ¥618 Mil (As of Jun. 2024)

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What is Ganyuan Foods Co Cash And Cash Equivalents?

Ganyuan Foods Co's quarterly cash and cash equivalents increased from Dec. 2023 (¥648.49 Mil) to Mar. 2024 (¥686.42 Mil) but then stayed the same from Mar. 2024 (¥686.42 Mil) to Jun. 2024 (¥618.23 Mil).

Ganyuan Foods Co's annual cash and cash equivalents declined from Dec. 2021 (¥509.57 Mil) to Dec. 2022 (¥472.81 Mil) but then increased from Dec. 2022 (¥472.81 Mil) to Dec. 2023 (¥648.49 Mil).

Ganyuan Foods Co Cash And Cash Equivalents Historical Data

The historical data trend for Ganyuan Foods 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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Ganyuan Foods Co Cash And Cash Equivalents Chart

Ganyuan Foods Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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71.22

149.09

509.57

472.81

648.49

Ganyuan Foods 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															678.89	558.77	648.49	686.42	618.23

Ganyuan Foods 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.

Ganyuan Foods Co (SZSE:002991) 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.

Ganyuan Foods Co Cash And Cash Equivalents Related Terms

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Ganyuan Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ganyuan Foods Co Ltd (SZSE:002991) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Qingquan Biological Medicine Food Industrial Park, Pingxiang Economic & Technological Development Zone, Jiangxi Province, Pingxiang, CHN, 337000

Website

http://www.ganyuanfood.com

Ganyuan Foods Co Ltd is engaged in production and sales of snack foods. The company's products include products include green beans, broad beans, melon seeds, black beans, peanuts, fried rice, beans and other roasted goods, as well as cashew nuts, macadamia nuts and other high-end nuts. Its bean snack brand is Ganyuan.

Executives

Yan Hai Yan

Secretary, Director

Ganyuan Foods Co Headlines

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