OFILM Group Co (SZSE:002456) Cash And Cash Equivalents : ¥1,647 Mil (As of Mar. 2024)

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What is OFILM Group Co Cash And Cash Equivalents?

OFILM Group Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥1,933.30 Mil) to Dec. 2023 (¥1,574.50 Mil) but then increased from Dec. 2023 (¥1,574.50 Mil) to Mar. 2024 (¥1,646.94 Mil).

OFILM Group Co's annual cash and cash equivalents declined from Dec. 2021 (¥3,628.48 Mil) to Dec. 2022 (¥3,240.50 Mil) and declined from Dec. 2022 (¥3,240.50 Mil) to Dec. 2023 (¥1,574.50 Mil).

OFILM Group Co Cash And Cash Equivalents Historical Data

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

OFILM Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3,695.92

3,371.62

3,628.48

3,240.50

1,574.50

OFILM 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															3,114.15	2,698.74	1,933.30	1,574.50	1,646.94

OFILM 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.

OFILM Group Co (SZSE:002456) 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.

OFILM Group Co Cash And Cash Equivalents Related Terms

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OFILM Group Co (SZSE:002456) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Huafa Road, Songbai Road, Gongming Street, Oufeiguang Science and Technology Park, Guangming New District, Guangdong, Baoan District, Shenzhen, CHN, 518107

Website

http://www.ofilm.com

OFILM Group Co Ltd manufactures precision optics and optoelectronics films. The company's products include a touch panel module, a fingerprint recognition module, and electronic products of the intelligent vehicle among others. Its products are used in the smartphone, tablet PC, smart car, and wearable electronics. The firm has branches in China, the United States, Japan, South Korea, and Europe.

Executives

Li Yun	Supervisors
Liu Xiao Chen	Directors, executives
Li Ying Ping	Executives
Ye Qing Biao	Executives
Hai Jiang	Directors, executives
Huang Li Hui	Directors, executives
Luo Yong Hui	Supervisors
Yin Yun Yun	Executives
Zhou Liang	Directors, executives
Tan Zhen Lin	Executives
Yao Fei	Executives
Ceng Zhao Hao	Executives
Cai Xue Peng	Directors, executives
Lin Hong Ping	Supervisors
Shen Cheng Zhe	Executives

OFILM Group Co (SZSE:002456) Headlines

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