Shandong Nanshan Fashion Sci-Tech Co (SZSE:300918) Cash And Cash Equivalents : ¥491 Mil (As of Mar. 2024)

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What is Shandong Nanshan Fashion Sci-Tech Co Cash And Cash Equivalents?

Shandong Nanshan Fashion Sci-Tech Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥632.88 Mil) to Dec. 2023 (¥633.64 Mil) but then stayed the same from Dec. 2023 (¥633.64 Mil) to Mar. 2024 (¥490.76 Mil).

Shandong Nanshan Fashion Sci-Tech Co's annual cash and cash equivalents increased from Dec. 2021 (¥983.98 Mil) to Dec. 2022 (¥1,021.56 Mil) but then declined from Dec. 2022 (¥1,021.56 Mil) to Dec. 2023 (¥633.64 Mil).

Shandong Nanshan Fashion Sci-Tech Co Cash And Cash Equivalents Historical Data

The historical data trend for Shandong Nanshan Fashion Sci-Tech 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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Shandong Nanshan Fashion Sci-Tech Co Cash And Cash Equivalents Chart

Shandong Nanshan Fashion Sci-Tech Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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424.92

1,007.92

983.98

1,021.56

633.64

Shandong Nanshan Fashion Sci-Tech Co Quarterly Data
	Dec18	Jun19	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															851.10	970.19	632.88	633.64	490.76

Shandong Nanshan Fashion Sci-Tech 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.

Shandong Nanshan Fashion Sci-Tech Co (SZSE:300918) 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.

Shandong Nanshan Fashion Sci-Tech Co Cash And Cash Equivalents Related Terms

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Shandong Nanshan Fashion Sci-Tech Co (SZSE:300918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shandong Nanshan Fashion Sci-Tech Co Ltd (SZSE:300918) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Nanshan Industrial Park, Dongjiang Town, Longkou, Shandong Province, Yantai, CHN, 265706

Website

http://www.nanshanchina.com

Shandong Nanshan Fashion Sci-Tech Co Ltd is engaged in the research and development, design, production and sales of worsted woolen cloth, formal wear and protective products. The company has a complete wool textile and apparel industry chain, covering a worsted woolen cloth business system integrating fabric research and development, top processing, dyeing, spinning, weaving, and finishing, as well as integrated clothing research and development, design, manufacturing, and brand operation.

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