Precision Tsugami (China) (HKSE:01651) Cash And Cash Equivalents : HK$1,150 Mil (As of Sep. 2023)

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What is Precision Tsugami (China) Cash And Cash Equivalents?

Precision Tsugami (China)'s quarterly cash and cash equivalents increased from Sep. 2022 (HK$615.67 Mil) to Mar. 2023 (HK$1,113.45 Mil) and increased from Mar. 2023 (HK$1,113.45 Mil) to Sep. 2023 (HK$1,149.87 Mil).

Precision Tsugami (China)'s annual cash and cash equivalents increased from Mar. 2021 (HK$512.97 Mil) to Mar. 2022 (HK$703.95 Mil) and increased from Mar. 2022 (HK$703.95 Mil) to Mar. 2023 (HK$1,113.45 Mil).

Precision Tsugami (China) Cash And Cash Equivalents Historical Data

The historical data trend for Precision Tsugami (China)'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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Precision Tsugami (China) Cash And Cash Equivalents Chart

Precision Tsugami (China) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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468.10

226.75

512.97

703.95

1,113.45

Precision Tsugami (China) Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial												816.65	703.95	615.67	1,113.45	1,149.87

Precision Tsugami (China) 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.

Precision Tsugami (China) (HKSE:01651) 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.

Precision Tsugami (China) Cash And Cash Equivalents Related Terms

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Precision Tsugami (China) (HKSE:01651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Precision Tsugami (China) Corp Ltd (HKSE:01651) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2001 Pingcheng Road, Pinghu Economic-Technological Development Zone, Zhejiang Province, Pinghu, CHN, 314200

Website

https://www.tsugami.com.cn

Precision Tsugami (China) Corp Ltd is engaged in the manufacturing and distribution of computer numerical control (CNC) high precision machine tools; and the provision of commercial consultation services. It manufactures and sells CNC machine tools including Precision lathes, Precision machining centres, Precision thread and form rolling machines and Precision grinding machines under the TSUGAMI brand. The company only has one reportable operating segment which is the manufacture and sale of high precision CNC machine tools. Its products are mainly for the Chinese market and are also sold to Japan, Europe, the US, Southeast Asia and other countries.

Executives

Fmr Llc	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Tsugami Corporation	2101 Beneficial owner

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