Advice IT Infinite PCL (BKK:ADVICE) Cash And Cash Equivalents : ฿140 Mil (As of Sep. 2023)

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What is Advice IT Infinite PCL Cash And Cash Equivalents?

Advice IT Infinite PCL's quarterly cash and cash equivalents increased from Sep. 2022 (฿0.00 Mil) to Dec. 2022 (฿122.52 Mil) and increased from Dec. 2022 (฿122.52 Mil) to Sep. 2023 (฿140.35 Mil).

Advice IT Infinite PCL's annual cash and cash equivalents increased from Dec. 2020 (฿120.04 Mil) to Dec. 2021 (฿129.97 Mil) but then declined from Dec. 2021 (฿129.97 Mil) to Dec. 2022 (฿122.52 Mil).

Advice IT Infinite PCL Cash And Cash Equivalents Historical Data

The historical data trend for Advice IT Infinite PCL'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.

* Premium members only.

Advice IT Infinite PCL Cash And Cash Equivalents Chart

Advice IT Infinite PCL Annual Data

Trend

Dec20

Dec21

Dec22

Cash And Cash Equivalents

120.04

129.97

122.52

Advice IT Infinite PCL Quarterly Data
	Dec21	Sep22	Dec22	Sep23
Cash And Cash Equivalents	129.97	-	122.52	140.35

Advice IT Infinite PCL 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.

Advice IT Infinite PCL (BKK:ADVICE) 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.

Advice IT Infinite PCL Cash And Cash Equivalents Related Terms

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Advice IT Infinite PCL (BKK:ADVICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Advice IT Infinite PCL (BKK:ADVICE) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

N/A

Address

74/1 Moo 1, Tha It Subdistrict, Pak Kret District, Nonthaburi Province, Nonthaburi, THA

Website

https://www.advice.co.th

Advice IT Infinite PCL is a retailer and wholesaler of IT products in the Thailand. It operates a business of selling, retail-wholesale products and providing IT services. It sells a variety of IT products ranging from computer assembly (DIY), notebook computers, desktop computers and various peripherals such as monitors, printers, mice, keyboards, network equipment. The company has three segments; Retail; Wholesale and services, out of which Retail Segment derives maximum profit.

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