Wanma Technology Co (SZSE:300698) Cash And Cash Equivalents : ¥74.3 Mil (As of Mar. 2024)

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What is Wanma Technology Co Cash And Cash Equivalents?

Wanma Technology Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥29.39 Mil) to Dec. 2023 (¥155.42 Mil) but then stayed the same from Dec. 2023 (¥155.42 Mil) to Mar. 2024 (¥74.29 Mil).

Wanma Technology Co's annual cash and cash equivalents declined from Dec. 2021 (¥136.32 Mil) to Dec. 2022 (¥97.07 Mil) but then increased from Dec. 2022 (¥97.07 Mil) to Dec. 2023 (¥155.42 Mil).

Wanma Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for Wanma Technology 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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Wanma Technology Co Cash And Cash Equivalents Chart

Wanma Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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77.44

104.45

136.32

97.07

155.42

Wanma Technology 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															50.76	44.91	29.39	155.42	74.29

Wanma Technology 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.

Wanma Technology Co (SZSE:300698) 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.

Wanma Technology Co Cash And Cash Equivalents Related Terms

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Wanma Technology Co (SZSE:300698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wanma Technology Co Ltd (SZSE:300698) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Wanma Industrial Area, Taihuyuan Town, Lin'an District, Zhejiang Province, Hangzhou, CHN, 311306

Website

http://www.wanma-tech.cn

Wanma Technology Co Ltd is the communications equipment manufacturing company. The principal business activities of the company include development, production, system integration and sales of communication and information equipment. Its products include communications network wiring and information cabinet products and medical information products. Its cabinet products are widely used in communication networks, cloud platform IDC equipment rooms, railway communication networks and urban rail transit communication networks. Its medical information products are mainly used in domestic hospitals.

Executives

Ma Ya Jun	Executives
Xu Ya Guo	Executives
Jiang Yan Jun	Supervisors
Wu Xi Qun	Executives
Yang Yi Qian	Directors, executives
Sheng Tao	Director
Weng Lin Wei	Executives
Shao Guo Jiang	Supervisors

Wanma Technology Co (SZSE:300698) Headlines

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