Fulongma Group Co (SHSE:603686) Cash And Cash Equivalents : ¥654 Mil (As of Mar. 2024)

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What is Fulongma Group Co Cash And Cash Equivalents?

Fulongma Group Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥621.26 Mil) to Dec. 2023 (¥931.48 Mil) but then stayed the same from Dec. 2023 (¥931.48 Mil) to Mar. 2024 (¥653.61 Mil).

Fulongma Group Co's annual cash and cash equivalents declined from Dec. 2021 (¥823.90 Mil) to Dec. 2022 (¥608.24 Mil) but then increased from Dec. 2022 (¥608.24 Mil) to Dec. 2023 (¥931.48 Mil).

Fulongma Group Co Cash And Cash Equivalents Historical Data

The historical data trend for Fulongma Group 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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Fulongma Group Co Cash And Cash Equivalents Chart

Fulongma Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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536.45

1,303.95

823.90

608.24

931.48

Fulongma Group 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															570.47	658.08	621.26	931.48	653.61

Fulongma Group 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.

Fulongma Group Co (SHSE:603686) 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.

Fulongma Group Co Cash And Cash Equivalents Related Terms

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Fulongma Group Co (SHSE:603686) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fulongma Group Co Ltd (SHSE:603686) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

No. 42, Longteng South Road, Donghua Community, Dongxiao Town, Xinluo District, Fujian Province, Longyan, CHN, 364028

Website

http://www.fjlm.com.cn

Fulongma Group Co Ltd supplies Chinese professionalization environmental sanitation equipment. The company is engaged in the research and development, production, selling, and services of the specialized cleaning vehicle, garbage, collecting and transporting vehicle and other equipment that are mainly used in the environmental sanitation department, municipal works, and road cleaning. Some of its products are Sweeping and Clean-keeping series, Garbage collection, and others.

Executives

Shen Jia Qing	Supervisors
Zhang Gui Feng	Director
Yang Yu Zhong	Directors, senior managers
Li Xiao Bing	Director
Li Kai Sen	Supervisors
Lin Hong Zhen	senior management
Bai Yun Long	senior management
Zhang Gui Chao	Directors, senior managers
Ceng En Hua	senior management
Chen Jing Jie	Director
Rong Min Long	senior management
Liao Jian He	senior management
Chen Yong Qi	senior management
Lin Zhen	Supervisors

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