CJ Freshway (XKRX:051500) Cash And Cash Equivalents : ₩58,863 Mil (As of Sep. 2024)

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What is CJ Freshway Cash And Cash Equivalents?

CJ Freshway's quarterly cash and cash equivalents increased from Mar. 2024 (₩69,795.47 Mil) to Jun. 2024 (₩119,597.68 Mil) but then stayed the same from Jun. 2024 (₩119,597.68 Mil) to Sep. 2024 (₩58,862.79 Mil).

CJ Freshway's annual cash and cash equivalents increased from Dec. 2021 (₩153,736.40 Mil) to Dec. 2022 (₩188,326.21 Mil) but then declined from Dec. 2022 (₩188,326.21 Mil) to Dec. 2023 (₩65,771.62 Mil).

CJ Freshway Cash And Cash Equivalents Historical Data

The historical data trend for CJ Freshway'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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CJ Freshway Cash And Cash Equivalents Chart

CJ Freshway Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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21,255.88

85,565.73

153,736.40

188,326.21

65,771.62

CJ Freshway Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															131,839.65	65,771.62	69,795.47	119,597.68	58,862.79

CJ Freshway 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.

CJ Freshway (XKRX:051500) 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.

CJ Freshway Cash And Cash Equivalents Related Terms

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CJ Freshway Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » CJ Freshway Corp (XKRX:051500) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

CJ Cheiljedang Center 330, 5th Floor, Dongho-Ro, Jung-gu, Seoul, KOR

Website

http://www.cjfood.com

CJ Freshway Corp provides a range of food distribution and contact meal services to organizations. The company's food service business caters for offices, business sites, hospitals, public organizations, schools and others. It supplies agricultural, fishery and livestock products, processed foods, and kitchen appliances to all types of restaurants including food dealers, food service providers, chain stores and general restaurants. In addition, it also designs, constructs and remodels cafeterias, general and franchised restaurants as well as provides consulting services.

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