New JCM Group Co (SZSE:300157) Cash And Cash Equivalents : ¥78.7 Mil (As of Jun. 2024)

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What is New JCM Group Co Cash And Cash Equivalents?

New JCM Group Co's quarterly cash and cash equivalents declined from Dec. 2023 (¥98.77 Mil) to Mar. 2024 (¥69.24 Mil) but then increased from Mar. 2024 (¥69.24 Mil) to Jun. 2024 (¥78.68 Mil).

New JCM Group Co's annual cash and cash equivalents increased from Dec. 2021 (¥147.06 Mil) to Dec. 2022 (¥194.54 Mil) but then declined from Dec. 2022 (¥194.54 Mil) to Dec. 2023 (¥98.77 Mil).

New JCM Group Co Cash And Cash Equivalents Historical Data

The historical data trend for New JCM 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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New JCM Group Co Cash And Cash Equivalents Chart

New JCM Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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392.02

179.99

147.06

194.54

98.77

New JCM Group 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															64.74	97.76	98.77	69.24	78.68

New JCM 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.

New JCM Group Co (SZSE:300157) 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.

New JCM Group Co Cash And Cash Equivalents Related Terms

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New JCM Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » New JCM Group Co Ltd (SZSE:300157) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Fengxiu Middle Road, Room 401, Building 4, No. 3, Haidian, Beijing, CHN, 100094

Website

http://www.ldocean.com.cn

New JCM Group Co Ltd Formerly LandOcean Group Ltd provides technology services for petroleum and natural gas exploration and development.

Executives

Liu Hong	Supervisors
Liu Hui Zeng	Executives
Yang Hua Feng	Executives
Sun Geng Wen	Director
Qu Guang Sheng	Director
Ye Jin Xing	Independent director
Chen Shu Lin	Executives
Xie Gui Sheng	Executives
Tang Cheng Feng	Directors, executives
Yang Qian	Executives
Deng Lin	Directors, executives
Shen Chao	Directors, executives
Chen Yu	Independent director
Mou Shu Ling	Independent director
Qin Gang Ping	Executives

New JCM Group Co Headlines

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