CMST Development Co (SHSE:600787) Cash And Cash Equivalents : ¥3,766 Mil (As of Mar. 2024)

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What is CMST Development Co Cash And Cash Equivalents?

CMST Development Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥3,314.91 Mil) to Dec. 2023 (¥3,208.75 Mil) but then increased from Dec. 2023 (¥3,208.75 Mil) to Mar. 2024 (¥3,766.33 Mil).

CMST Development Co's annual cash and cash equivalents increased from Dec. 2021 (¥2,390.38 Mil) to Dec. 2022 (¥3,853.18 Mil) but then declined from Dec. 2022 (¥3,853.18 Mil) to Dec. 2023 (¥3,208.75 Mil).

CMST Development Co Cash And Cash Equivalents Historical Data

The historical data trend for CMST Development 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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CMST Development Co Cash And Cash Equivalents Chart

CMST Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,871.54

1,649.17

2,390.38

3,853.18

3,208.75

CMST Development 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															3,248.26	3,629.29	3,314.91	3,208.75	3,766.33

CMST Development 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.

CMST Development Co (SHSE:600787) 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.

CMST Development Co Cash And Cash Equivalents Related Terms

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CMST Development Co (SHSE:600787) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CMST Development Co Ltd (SHSE:600787) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No.188 Western Road of South 4th Ring Road, 18th Building of 6th section, Fengtai District, Beijing, CHN, 100070

Website

http://www.cmstd.com.cn

CMST Development Co Ltd provides logistics services. The company has modern logistics distribution centres in Beijing, Shanghai, Tianjin, Jiangsu, Zhejiang, Shandong, Hubei, Hunan, Guangdong, Sichuan, Hebei, Henan, Shaanxi, and Liaoning. It provides the following services: Warehouse and storage, Transportation and distribution, International freight forwarding, Movable assets supervision, logistics plan design, and processing and manufacturing.

Executives

Peng Xi De	senior management
Li Yong Zhao	Director
Li Da Wei	senior management
Wang Yong	senior management
Wang Hai Bin	Directors, senior managers
Ma De Yin	Director
Wei Guang	Director
Han Tie Lin	Director
Zhou Xiao Hong	Supervisors
Wang Xue Ming	Director
Xue Bin	senior management
Zhao Xiao Hong	Director
Dong Xu	senior management
Ceng Yong	senior management
Xie Jing Fu	Director

CMST Development Co (SHSE:600787) Headlines

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