Sincere Watch (Hong Kong) (HKSE:00444) Cash, Cash Equivalents, Marketable Securities : HK$75.5 Mil (As of Sep. 2023)

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What is Sincere Watch (Hong Kong) Cash, Cash Equivalents, Marketable Securities?

Sincere Watch (Hong Kong)'s quarterly cash, cash equivalents, marketable securities increased from Sep. 2022 (HK$25.50 Mil) to Mar. 2023 (HK$66.81 Mil) and increased from Mar. 2023 (HK$66.81 Mil) to Sep. 2023 (HK$75.47 Mil).

Sincere Watch (Hong Kong)'s annual cash, cash equivalents, marketable securities declined from Mar. 2021 (HK$95.06 Mil) to Mar. 2022 (HK$72.67 Mil) and declined from Mar. 2022 (HK$72.67 Mil) to Mar. 2023 (HK$66.81 Mil).

Sincere Watch (Hong Kong) Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Sincere Watch (Hong Kong)'s Cash, Cash Equivalents, Marketable Securities 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.

* Premium members only.

Sincere Watch (Hong Kong) Cash, Cash Equivalents, Marketable Securities Chart

Sincere Watch (Hong Kong) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

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122.19

87.73

95.06

72.67

66.81

Sincere Watch (Hong Kong) Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															129.96	72.67	25.50	66.81	75.47

Sincere Watch (Hong Kong) Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Sincere Watch (Hong Kong) (HKSE:00444) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Sincere Watch (Hong Kong) Cash, Cash Equivalents, Marketable Securities Related Terms

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Sincere Watch (Hong Kong) (HKSE:00444) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sincere Watch (Hong Kong) Ltd (HKSE:00444) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

N/A

Address

20/F China Merchants Tower, Shun Tak Centre, Unit 2016–2018, 168–200 Connaught Road Central, Hong Kong, HKG

Website

http://www.sincerewatch.com.hk

Sincere Watch (Hong Kong) Ltd sells luxury third-party-branded watches, timepieces, and accessories in Asia. The majority of its sales are in Mainland China and Macau, with the remaining sales in Hong Kong. Brands that Sincere sells include Franck Muller, CVSTOS, Pierre Kunz, European Company Watch, and Backes & Strauss. The company sells merchandise through retail outlets operated by independent watch dealers and through its company-operated boutiques. Sincere also has a dining business that accounts for a small amount of total revenue.

Executives

Allied Group Limited	2201 Interest of corporation controlled by you
Shipshape Investments Limited	2201 Interest of corporation controlled by you
Sun Hung Kai & Co. Limited	2201 Interest of corporation controlled by you
Sun Hung Kai Structured Finance Limited	2106 Person having a security interest in shares
Lee Seng Huang	2201 Interest of corporation controlled by you
Lee Su Hwei	2201 Interest of corporation controlled by you
Be Bright Limited	2101 Beneficial owner
Chu Yuet Wah
Allied Properties (h.k.) Limited	2201 Interest of corporation controlled by you
Asia Gate Holdings Co., Ltd.	2201 Interest of corporation controlled by you
Sky League Limited	2101 Beneficial owner
Wang Fang	2201 Interest of corporation controlled by you
Allied Crown Investment Limited	2101 Beneficial owner
Bai Ning	2201 Interest of corporation controlled by you
Brilliant World Limited	2101 Beneficial owner

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