ICZOOM Group (ICZOOM Group) Cash And Cash Equivalents : $1.1 Mil (As of Jun. 2023)

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What is ICZOOM Group Cash And Cash Equivalents?

ICZOOM Group's quarterly cash and cash equivalents declined from Jun. 2022 ($1.13 Mil) to Dec. 2022 ($0.87 Mil) but then increased from Dec. 2022 ($0.87 Mil) to Jun. 2023 ($1.11 Mil).

ICZOOM Group's annual cash and cash equivalents declined from Jun. 2021 ($3.20 Mil) to Jun. 2022 ($1.13 Mil) and declined from Jun. 2022 ($1.13 Mil) to Jun. 2023 ($1.11 Mil).

ICZOOM Group Cash And Cash Equivalents Historical Data

The historical data trend for ICZOOM Group'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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ICZOOM Group Cash And Cash Equivalents Chart

ICZOOM Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

2.28

2.62

3.20

1.13

1.11

ICZOOM Group Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial				3.20	1.08	1.13	0.87	1.11

ICZOOM Group 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.

ICZOOM Group (NAS:IZM) 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.

ICZOOM Group Cash And Cash Equivalents Related Terms

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ICZOOM Group (ICZOOM Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ICZOOM Group Inc (NAS:IZM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7018 Cai Tian Road, Room 3801, Building A, Sunhope e·METRO, Futian District, Guangdong, Shenzhen, CHN, 518000

Website

http://www.iczoomex.com

ICZOOM Group Inc is engaged in the sale of electronic component products to customers in China. These products are used by small and medium-sized enterprises (SMEs) in the consumer electronic industry, Internet of Things (IoT), automotive electronics, and industrial control segment. In addition to the sales of electronic component products, also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance and charges them additional service commission fees. The company earns maximum revenue from sale of electronic components.