Sino Wealth Electronic (SZSE:300327) Cash And Cash Equivalents : ¥305 Mil (As of Mar. 2024)

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What is Sino Wealth Electronic Cash And Cash Equivalents?

Sino Wealth Electronic's quarterly cash and cash equivalents increased from Sep. 2023 (¥257.62 Mil) to Dec. 2023 (¥281.41 Mil) and increased from Dec. 2023 (¥281.41 Mil) to Mar. 2024 (¥305.37 Mil).

Sino Wealth Electronic's annual cash and cash equivalents increased from Dec. 2021 (¥341.74 Mil) to Dec. 2022 (¥404.15 Mil) but then declined from Dec. 2022 (¥404.15 Mil) to Dec. 2023 (¥281.41 Mil).

Sino Wealth Electronic Cash And Cash Equivalents Historical Data

The historical data trend for Sino Wealth Electronic'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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Sino Wealth Electronic Cash And Cash Equivalents Chart

Sino Wealth Electronic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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223.43

284.64

341.74

404.15

281.41

Sino Wealth Electronic 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															401.21	474.44	257.62	281.41	305.37

Sino Wealth Electronic 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.

Sino Wealth Electronic (SZSE:300327) 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.

Sino Wealth Electronic Cash And Cash Equivalents Related Terms

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Sino Wealth Electronic (SZSE:300327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sino Wealth Electronic Ltd (SZSE:300327) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Lane 767, Jinzhong Road, Changning District, Shanghai, CHN, 200335

Website

http://www.sinowealth.com

Sino Wealth Electronic Ltd operates in the semiconductor industry. The company is specialized in design and sales of an integrated circuit. The product offering includes 4-bit OTP/MASK MCU, 8-bit OTP/MASK MCU, 8-bit FLASH MCU, PH MCU and others. The products are mainly applied to household appliances, automotive electronics peripherals, sports equipment, health and medical care, instrumentation, security, power control, digital electrical generator, network music, and wireless communication equipment.

Executives

Zhu Bing Jun	Directors, executives
Fu Qi Ming	Director
Ceng Xiao Yang	Independent director
Pan Yi De	Directors, executives
Hu Hui	Supervisors

Sino Wealth Electronic (SZSE:300327) Headlines

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