Xiamen Xiangyu Co (SHSE:600057) Cash And Cash Equivalents : ¥20,730 Mil (As of Mar. 2024)

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What is Xiamen Xiangyu Co Cash And Cash Equivalents?

Xiamen Xiangyu Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥22,219.35 Mil) to Dec. 2023 (¥22,255.98 Mil) but then stayed the same from Dec. 2023 (¥22,255.98 Mil) to Mar. 2024 (¥20,730.25 Mil).

Xiamen Xiangyu Co's annual cash and cash equivalents increased from Dec. 2021 (¥13,614.09 Mil) to Dec. 2022 (¥19,827.80 Mil) and increased from Dec. 2022 (¥19,827.80 Mil) to Dec. 2023 (¥22,255.98 Mil).

Xiamen Xiangyu Co Cash And Cash Equivalents Historical Data

The historical data trend for Xiamen Xiangyu Co'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.

* Premium members only.

Xiamen Xiangyu Co Cash And Cash Equivalents Chart

Xiamen Xiangyu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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7,213.55

11,636.33

13,614.09

19,827.80

22,255.98

Xiamen Xiangyu Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															17,797.68	15,531.46	22,219.35	22,255.98	20,730.25

Xiamen Xiangyu Co 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.

Xiamen Xiangyu Co (SHSE:600057) 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.

Xiamen Xiangyu Co Cash And Cash Equivalents Related Terms

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Xiamen Xiangyu Co (SHSE:600057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xiamen Xiangyu Co Ltd (SHSE:600057) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

2F, Yinsheng Mansion, No.21 Xiangxing Forth Road, Free Trade Zone, Modern Logistic, Xiamen, Fujian, CHN, 361006

Website

http://www.xiangyu.cn

Xiamen Xiangyu Co Ltd provides supply chain and circulation services in the People's Republic of China. It supplies plastic chemicals, agricultural products, metallic ores, forest products, and mechanical and electrical products. The company also offers various integrated logistics services comprising the international purchase and distribution, international multimodal transport, domestic door-to-door logistics and financial logistics.

Executives

Tong Xiao Qing	senior management
Liao Jie	senior management
Deng Qi Dong	Director
Cheng Yi Liang	senior management
Zhang Jun Tian	senior management
Qi Wei Dong	Directors, senior managers
Chen Dai Zhen	senior management
Fan Cheng Yang	senior management
Zhang Shui Li	Director
Chen Fang	Director
Xiao Jing Qin	senior management
Zhang Yue Duan	senior management
Gao Chen Xia	senior management
Lu Jiang	Supervisors
Ma Zhong Da	Supervisors

Xiamen Xiangyu Co (SHSE:600057) Headlines

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