Suning Universal Co (SZSE:000718) Cash And Cash Equivalents : ¥450 Mil (As of Mar. 2024)

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What is Suning Universal Co Cash And Cash Equivalents?

Suning Universal Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥549.67 Mil) to Dec. 2023 (¥523.10 Mil) but then stayed the same from Dec. 2023 (¥523.10 Mil) to Mar. 2024 (¥450.14 Mil).

Suning Universal Co's annual cash and cash equivalents increased from Dec. 2021 (¥452.86 Mil) to Dec. 2022 (¥1,113.64 Mil) but then declined from Dec. 2022 (¥1,113.64 Mil) to Dec. 2023 (¥523.10 Mil).

Suning Universal Co Cash And Cash Equivalents Historical Data

The historical data trend for Suning Universal Co'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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Suning Universal Co Cash And Cash Equivalents Chart

Suning Universal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,854.62

968.68

452.86

1,113.64

523.10

Suning Universal Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															704.22	1,026.42	549.67	523.10	450.14

Suning Universal Co 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.

Suning Universal Co (SZSE:000718) 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.

Suning Universal Co Cash And Cash Equivalents Related Terms

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Suning Universal Co (SZSE:000718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Suning Universal Co Ltd (SZSE:000718) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

188 Guangzhou Road, Nanjing, CHN

Website

http://www.suning-universal.com

Suning Universal Co Ltd operates in the real estate development industry. The projects of the company include commercial estate which includes tianrun city square and suning beitang project, residential property which include suning venice, suning tianrun city, and suning mingduhui, the hotel which includes suning venice hotel, and building materials.

Executives

Jiang Li Bo	Secretary, Director
Liu De Bo	Executives
Li Wei	Directors, executives
Li Jun	Supervisors
Zhang Kang Li	Director
Zhang Gui Ping	Director
Ma Li Li	Supervisors
Jia Sen	Executives
Liu Deng Hua	Secretary Dong
Wang Yong Gang	Executives
Guo Ru Jin	Directors, executives
Zhang Jian Guo	Supervisors
Qiu Hong Tao	Securities Affairs Representative
Gu Jian Hua	Director
Cui Zhen Jie	Executives

Suning Universal Co (SZSE:000718) Headlines

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