CMGE Technology Group (HKSE:00302) Cash, Cash Equivalents, Marketable Securities : HK$230 Mil (As of Dec. 2023)

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What is CMGE Technology Group Cash, Cash Equivalents, Marketable Securities?

CMGE Technology Group's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (HK$265.73 Mil) to Jun. 2023 (HK$206.07 Mil) but then increased from Jun. 2023 (HK$206.07 Mil) to Dec. 2023 (HK$230.36 Mil).

CMGE Technology Group's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$1,002.25 Mil) to Dec. 2022 (HK$265.73 Mil) and declined from Dec. 2022 (HK$265.73 Mil) to Dec. 2023 (HK$230.36 Mil).

CMGE Technology Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for CMGE Technology Group's Cash, Cash Equivalents, Marketable Securities 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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CMGE Technology Group Cash, Cash Equivalents, Marketable Securities Chart

CMGE Technology Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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858.03

942.29

1,002.25

265.73

230.36

CMGE Technology Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial									1,002.25	523.01	265.73	206.07	230.36

CMGE Technology Group Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

CMGE Technology Group (HKSE:00302) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

CMGE Technology Group Cash, Cash Equivalents, Marketable Securities Related Terms

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CMGE Technology Group (HKSE:00302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » CMGE Technology Group Ltd (HKSE:00302) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

Zhongkang North Road, 10th Floor, Building No. 4, Zhuoyue Meilin Center Square, Futian District, Guangdong Province, Shenzhen, CHN

Website

https://www.cmge.com

CMGE is an IP-based mobile game developer and publisher in China with 55 licensed IPs and 68 proprietary IPs as of the end of 2021. The company has over 80 games on the shelf and over 20 games with lifecycles of over three years. Average monthly active users, or MAUs, of CMGE games reached 19.1 million in 2021. The market share of CMGE for online gaming grossing income in 2021 was around 1%.

Executives

Xiao Jian	2101 Beneficial owner
Sin Hendrick	2101 Beneficial owner
Zsy Holding Company Limited	2201 Interest of corporation controlled by you
Trident Trust Company (b.v.i.) Limited	2301 Trustee
Motion Game Company Limited
Profound Power Investment Limited
Fairview Ridge Investment Limited
Changpei Investment Centre, L.p.
Ambitious Profit Investment Limited
Silver Joyce International Limited
Zhongshouyou Brothers Limited
Xiao Jian	2307 Founder of a discretionary trust who can infl
Victory Aspire Group Limited	2201 Interest of corporation controlled by you
Cmb Wing Lung (trustee) Limited	2301 Trustee
Antopex Limited	2306 Nominee for another person

CMGE Technology Group (HKSE:00302) Headlines

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