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Texture Maker Enterprise Co (ROCO:6963) Cash, Cash Equivalents, Marketable Securities : NT$119.1 Mil (As of Dec. 2023)


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What is Texture Maker Enterprise Co Cash, Cash Equivalents, Marketable Securities?

Texture Maker Enterprise Co's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (NT$162.13 Mil) to Jun. 2023 (NT$144.83 Mil) but then stayed the same from Jun. 2023 (NT$144.83 Mil) to Dec. 2023 (NT$119.10 Mil).

Texture Maker Enterprise Co's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (NT$134.82 Mil) to Dec. 2022 (NT$162.13 Mil) but then declined from Dec. 2022 (NT$162.13 Mil) to Dec. 2023 (NT$119.10 Mil).

Texture Maker Enterprise Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Texture Maker Enterprise Co'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.

Texture Maker Enterprise Co Cash, Cash Equivalents, Marketable Securities Chart

Texture Maker Enterprise Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
143.57 134.82 162.13 119.10

Texture Maker Enterprise Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Cash, Cash Equivalents, Marketable Securities 134.82 - 162.13 144.83 119.10

Texture Maker Enterprise Co 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.

Texture Maker Enterprise Co  (ROCO:6963) 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.

Texture Maker Enterprise Co Cash, Cash Equivalents, Marketable Securities Related Terms

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Texture Maker Enterprise Co (ROCO:6963) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Texture Maker Enterprise Co Ltd (ROCO:6963) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Traded in Other Exchanges
N/A
Address
Zhongzheng E. Road, 28F., No.27-8, Sec. 2, Tamsui District, New Taipei City, TWN, 251
Website
https://www.texturemaker.com.tw
Texture Maker Enterprise Co Ltd is a is a food ingredient R&D center and also a premix manufacturer. It is engaged in developing innovative food textures and includes three categories Bakery, Beverage, and food texture. Its bakery products include Mochi bread mix, Mojo Mix, Purple yam bread mix, etc. Beverage products include vegan non-dairy creamer, Non-dairy creamer, Banana beverage powder, etc. Food texture products include Korean-style dipping sauce, Japanese-style fried chicken mix, Fried seafood coating mix etc.

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