Cuong Wood - Working JSC (STC:ACG) Cash And Cash Equivalents : ₫31,238 Mil (As of Mar. 2024)

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What is Cuong Wood - Working JSC Cash And Cash Equivalents?

Cuong Wood - Working JSC's quarterly cash and cash equivalents declined from Sep. 2023 (₫92,864.53 Mil) to Dec. 2023 (₫66,882.26 Mil) but then stayed the same from Dec. 2023 (₫66,882.26 Mil) to Mar. 2024 (₫31,237.82 Mil).

Cuong Wood - Working JSC's annual cash and cash equivalents increased from Dec. 2021 (₫99,169.61 Mil) to Dec. 2022 (₫387,855.74 Mil) but then declined from Dec. 2022 (₫387,855.74 Mil) to Dec. 2023 (₫66,882.26 Mil).

Cuong Wood - Working JSC Cash And Cash Equivalents Historical Data

The historical data trend for Cuong Wood - Working JSC'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.

Cuong Wood - Working JSC Cash And Cash Equivalents Chart

Cuong Wood - Working JSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

65,461.66

53,239.22

99,169.61

387,855.74

66,882.26

Cuong Wood - Working JSC Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial									32,132.95	60,971.35	92,864.53	66,882.26	31,237.82

Cuong Wood - Working JSC 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.

Cuong Wood - Working JSC (STC:ACG) 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.

Cuong Wood - Working JSC Cash And Cash Equivalents Related Terms

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Cuong Wood - Working JSC (STC:ACG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Cuong Wood - Working JSC (STC:ACG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

DT 747B Street, Plot 681, map sheet 05, Phuoc Hai Ward, Thai Hoa Ward,, Binh Duong Province,, Tan Uyen Town, VNM

Website

https://www.ancuong.com

Cuong Wood - Working JSC manufacture woodworking and decorative materials. It engages in sawing, planing and preserving wood.; Manufacture of beds, cabinets, tables, and chairs; Processing of interior decoration products; Producing plywood, veneer, plywood, and other thin boards. Its products comprise MFC, Melamine MDF, laminates, acrylic, veneer, and other by-products.

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