Sunsea AIot Technology Co (SZSE:002313) Cash And Cash Equivalents : ¥286 Mil (As of Mar. 2024)

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What is Sunsea AIot Technology Co Cash And Cash Equivalents?

Sunsea AIot Technology Co's quarterly cash and cash equivalents declined from Sep. 2023 (¥325.51 Mil) to Dec. 2023 (¥185.66 Mil) but then increased from Dec. 2023 (¥185.66 Mil) to Mar. 2024 (¥286.45 Mil).

Sunsea AIot Technology Co's annual cash and cash equivalents declined from Dec. 2021 (¥765.06 Mil) to Dec. 2022 (¥416.24 Mil) and declined from Dec. 2022 (¥416.24 Mil) to Dec. 2023 (¥185.66 Mil).

Sunsea AIot Technology Co Cash And Cash Equivalents Historical Data

The historical data trend for Sunsea AIot Technology 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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Sunsea AIot Technology Co Cash And Cash Equivalents Chart

Sunsea AIot Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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505.67

556.19

765.06

416.24

185.66

Sunsea AIot Technology 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															308.17	302.85	325.51	185.66	286.45

Sunsea AIot Technology 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.

Sunsea AIot Technology Co (SZSE:002313) 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.

Sunsea AIot Technology Co Cash And Cash Equivalents Related Terms

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Sunsea AIot Technology Co (SZSE:002313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sunsea AIot Technology Co Ltd (SZSE:002313) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

No. 198, Daxin Road, 17th Floor, Majialong Innovation Building, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.sunseagroup.com

Sunsea AIot Technology Co Ltd is engaged in providing end-to-end Internet of Things (IoT) products and services to global customers. The group offers services to telecom operators, ICT equipment vendors, system integrators, and enterprise customers. The solution and products offered by the company includes IoT terminals, IoT cloud platforms, IoT multi-industry solutions, communications network infrastructure and communications services. geographically it holds research and development centers in China major cities such as Shenzhen, Shanghai and Xi'an, and has sales outlets in domestic capital cities and in Sweden, Italy, Thailand, and other countries.

Executives

Luo Xiao Yan	Executives
Yuan Shu	Executives
Fang Ling Ling	Securities Affairs Representative
Peng Jian	Director
He Mei Qin	Executives
Li Wei	Directors, Directors, and Executives
Liu Ping	Director
Meng Xiang Yun	Supervisors
Wu Yong Ping	Secretary, Director
Chen Xu Hong	Director
Dong Wei	Independent director
Zhou Zhan Hong	Director
Wang Yan	Supervisors

Sunsea AIot Technology Co (SZSE:002313) Headlines

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