Ray (TSE:4317) Cash And Cash Equivalents : 円2,573 Mil (As of Nov. 2023)

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What is Ray Cash And Cash Equivalents?

Ray's quarterly cash and cash equivalents declined from May. 2023 (円3,392.99 Mil) to Aug. 2023 (円2,897.59 Mil) but then stayed the same from Aug. 2023 (円2,897.59 Mil) to Nov. 2023 (円2,572.90 Mil).

Ray's annual cash and cash equivalents increased from Feb. 2021 (円3,016.53 Mil) to Feb. 2022 (円3,607.20 Mil) but then declined from Feb. 2022 (円3,607.20 Mil) to Feb. 2023 (円3,139.47 Mil).

Ray Cash And Cash Equivalents Historical Data

The historical data trend for Ray'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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Ray Cash And Cash Equivalents Chart

Ray Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash And Cash Equivalents

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1,675.00

2,052.93

3,016.53

3,607.20

3,139.47

Ray Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash And Cash Equivalents	Get a 7-Day Free Trial															2,504.68	3,139.47	3,392.99	2,897.59	2,572.90

Ray 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.

Ray (TSE:4317) 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.

Ray Cash And Cash Equivalents Related Terms

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Ray (TSE:4317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ray Corp (TSE:4317) » Definitions » Cash And Cash Equivalents

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Address

6-15-21 Roppongi, Hakus Roppongi Building, Minato-ku, Tokyo, JPN, 106-0032

Website

http://www.ray.co.jp

Ray Corp is engaged in communication design, events, creative design, and show and visual technical businesses in Japan. It is involved in the planning and production of various promotions, events, exhibitions, expositions, showrooms, printed materials, designs, premium products, and digital promotion of the Web. The company is also engaged in the rental and operation of large video equipment in the MICE and concerts.; live broadcasting, shooting, and network distribution activities; and video equipment sale and operational support to showrooms, hotel and conference facilities among other services.

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