Anker Innovations Technology Co (SZSE:300866) Cash And Cash Equivalents : ¥2,350 Mil (As of Mar. 2024)

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What is Anker Innovations Technology Co Cash And Cash Equivalents?

Anker Innovations Technology Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥1,517.96 Mil) to Dec. 2023 (¥2,065.29 Mil) and increased from Dec. 2023 (¥2,065.29 Mil) to Mar. 2024 (¥2,349.62 Mil).

Anker Innovations Technology Co's annual cash and cash equivalents declined from Dec. 2021 (¥1,162.54 Mil) to Dec. 2022 (¥945.55 Mil) but then increased from Dec. 2022 (¥945.55 Mil) to Dec. 2023 (¥2,065.29 Mil).

Anker Innovations Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for Anker Innovations 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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Anker Innovations Technology Co Cash And Cash Equivalents Chart

Anker Innovations Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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879.01

712.65

1,162.54

945.55

2,065.29

Anker Innovations 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															1,354.20	1,256.02	1,517.96	2,065.29	2,349.62

Anker Innovations 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.

Anker Innovations Technology Co (SZSE:300866) 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.

Anker Innovations Technology Co Cash And Cash Equivalents Related Terms

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Anker Innovations Technology Co (SZSE:300866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Anker Innovations Technology Co Ltd (SZSE:300866) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Phase I, No. 39 Jianshan Road, Room 701, 7th Floor, Building 7, Hunan Province, Changsha China Power Software Park Co., Ltd, Changsha High-tech Development Zone, Changsha, CHN, 410205

Website

https://www.anker-in.com

Anker Innovations Technology Co Ltd development, design and sales of consumer electronic products such as mobile device peripheral products and smart hardware products of its own brand. The company's brands include Anker that provides wired and wireless charging products; Soundcore provides audio devices such as speakers and earphones; EUFY provides smart appliances such as home speaker, lights, vacuums and smart plugs; NEBULA provides smart, portable entertainment devices; and ROAV provides smart, connected services to any vehicle.

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