Bytes Technology Group (JSE:BYI) Cash And Cash Equivalents : R2,133 Mil (As of Feb. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Bytes Technology Group Cash And Cash Equivalents?

Bytes Technology Group's quarterly cash and cash equivalents declined from Feb. 2023 (R1,579.14 Mil) to Aug. 2023 (R1,232.44 Mil) but then increased from Aug. 2023 (R1,232.44 Mil) to Feb. 2024 (R2,133.05 Mil).

Bytes Technology Group's annual cash and cash equivalents increased from Feb. 2022 (R1,382.05 Mil) to Feb. 2023 (R1,579.14 Mil) and increased from Feb. 2023 (R1,579.14 Mil) to Feb. 2024 (R2,133.05 Mil).

Bytes Technology Group Cash And Cash Equivalents Historical Data

The historical data trend for Bytes Technology Group'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.

Bytes Technology Group Cash And Cash Equivalents Chart

Bytes Technology Group Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cash And Cash Equivalents

Get a 7-Day Free Trial

921.65

425.01

1,382.05

1,579.14

2,133.05

Bytes Technology Group Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial							1,382.05	714.57	1,579.14	1,232.44	2,133.05

Bytes Technology Group 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.

Bytes Technology Group (JSE:BYI) 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.

Bytes Technology Group Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Bytes Technology Group's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Bytes Technology Group (JSE:BYI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bytes Technology Group PLC (JSE:BYI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

BYITl:UK BYIT:UK 9NY:Germany

Address

Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW

Website

https://www.bytesplc.com

Bytes Technology Group PLC provides IT solutions and services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) and Phoenix Software. It generates a majority of its revenue from Software.

Bytes Technology Group (JSE:BYI) Headlines

No Headlines