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GOME Retail Holdings (GOME Retail Holdings) Cash And Cash Equivalents : $9.28 Mil (As of Dec. 2023)


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What is GOME Retail Holdings Cash And Cash Equivalents?

GOME Retail Holdings's quarterly cash and cash equivalents declined from Dec. 2022 ($24.34 Mil) to Jun. 2023 ($20.48 Mil) but then stayed the same from Jun. 2023 ($20.48 Mil) to Dec. 2023 ($9.28 Mil).

GOME Retail Holdings's annual cash and cash equivalents declined from Dec. 2021 ($687.43 Mil) to Dec. 2022 ($24.34 Mil) and declined from Dec. 2022 ($24.34 Mil) to Dec. 2023 ($9.28 Mil).

GOME Retail Holdings Cash And Cash Equivalents Historical Data

The historical data trend for GOME Retail Holdings'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.

GOME Retail Holdings Cash And Cash Equivalents Chart

GOME Retail Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,167.22 1,467.62 687.43 24.34 9.28

GOME Retail Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 687.43 359.86 24.34 20.48 9.28

GOME Retail Holdings 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.

GOME Retail Holdings  (OTCPK:GMELF) 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.

GOME Retail Holdings Cash And Cash Equivalents Related Terms

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GOME Retail Holdings (GOME Retail Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » GOME Retail Holdings Ltd (OTCPK:GMELF) » Definitions » Cash And Cash Equivalents
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HKSE:06188 HKSE:08395 HKSE:01373 HKSE:01223 HKSE:00178 HKSE:01861 HKSE:02347 HKSE:01939 HKSE:06033 HKSE:00653 ORLY TSX:ATD AZO TSCO SHSE:601888 WSM ULTA DKS BBY CASY
Traded in Other Exchanges
00493:Hong Kong
Address
8 Finance Street, Suite 2915, 29th Floor, Two International Finance Centre, Central, Hong Kong, HKG
Website
http://www.gome.com.hk
GOME Retail Holdings Ltd is an electrical appliance retailer operating in China and Hong Kong. Its products include audio and video electrical appliances, refrigerating and washing devices, telecommunications devices, and other electronic and technological devices. By geographical segment, the company divides its sales into Chinese regions - Beijing, Guangzhou, Shenzhen, Xi'an, Jinan, Chengdu, Shanghai, and Others. By product categories, revenue is split into Air conditioners, Refrigerators and Washing machines, Telecommunication, Small white appliances, Computer and Digital, and New business.