Veken Technology Co (SHSE:600152) Cash And Cash Equivalents : ¥591 Mil (As of Mar. 2024)

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What is Veken Technology Co Cash And Cash Equivalents?

Veken Technology Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥451.25 Mil) to Dec. 2023 (¥484.40 Mil) and increased from Dec. 2023 (¥484.40 Mil) to Mar. 2024 (¥590.80 Mil).

Veken Technology Co's annual cash and cash equivalents declined from Dec. 2021 (¥592.97 Mil) to Dec. 2022 (¥565.93 Mil) and declined from Dec. 2022 (¥565.93 Mil) to Dec. 2023 (¥484.40 Mil).

Veken Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for Veken Technology 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.

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Veken Technology Co Cash And Cash Equivalents Chart

Veken Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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234.06

473.02

592.97

565.93

484.40

Veken Technology 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															555.23	549.20	451.25	484.40	590.80

Veken Technology 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.

Veken Technology Co (SHSE:600152) 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.

Veken Technology Co Cash And Cash Equivalents Related Terms

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Veken Technology Co (SHSE:600152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Veken Technology Co Ltd (SHSE:600152) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

No. 225, Liuting Street, 20th Floor, Yuehu Jinhui Building, Haishu District, Zhejiang, Ningbo, CHN, 315010

Website

http://www.veken-tech.com

Veken Technology Co Ltd is engaged in the manufacturing and sales of lithium-ion batteries. Its products portfolio includes 3C Digital battery and Power battery. The company products cover ares such as passenger car, special vehicle, household appliances, and energy storage batteries. It is also used in smartphones, tablets, notebook, and computers.

Executives

Chen Liang Qin	Director
Yang Dong Wen	Director
He Cheng Ming	Director

Veken Technology Co (SHSE:600152) Headlines

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