Sanko Gosei (TSE:7888) Cash And Cash Equivalents : 円8,553 Mil (As of Feb. 2024)

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What is Sanko Gosei Cash And Cash Equivalents?

Sanko Gosei's quarterly cash and cash equivalents increased from Aug. 2023 (円6,490.00 Mil) to Nov. 2023 (円8,549.00 Mil) and increased from Nov. 2023 (円8,549.00 Mil) to Feb. 2024 (円8,553.00 Mil).

Sanko Gosei's annual cash and cash equivalents declined from May. 2021 (円8,079.00 Mil) to May. 2022 (円6,822.00 Mil) but then increased from May. 2022 (円6,822.00 Mil) to May. 2023 (円8,775.00 Mil).

Sanko Gosei Cash And Cash Equivalents Historical Data

The historical data trend for Sanko Gosei'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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Sanko Gosei Cash And Cash Equivalents Chart

Sanko Gosei Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash And Cash Equivalents

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7,059.00

7,499.00

8,079.00

6,822.00

8,775.00

Sanko Gosei Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															7,185.00	8,775.00	6,490.00	8,549.00	8,553.00

Sanko Gosei 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.

Sanko Gosei (TSE:7888) 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.

Sanko Gosei Cash And Cash Equivalents Related Terms

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Sanko Gosei (TSE:7888) Business Description

Industry

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Address

1200 Habushin, Toyama Prefecture, Nanto, JPN, 939-1698

Website

http://www.sankogosei.co.jp

Sanko Gosei Ltd is engaged in the molding and sales of plastic parts, production and assembly of mechanical/digital parts, design, production, and sales of molds for plastic molded parts, industrial products, industrial robots, and dispatching workers, among others.

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