Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) Cash And Cash Equivalents : ¥1,585 Mil (As of Mar. 2024)

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What is Guangdong Dongfang Precision Science & Tech Co Cash And Cash Equivalents?

Guangdong Dongfang Precision Science & Tech Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥1,773.36 Mil) to Dec. 2023 (¥1,826.42 Mil) but then stayed the same from Dec. 2023 (¥1,826.42 Mil) to Mar. 2024 (¥1,585.45 Mil).

Guangdong Dongfang Precision Science & Tech Co's annual cash and cash equivalents declined from Dec. 2021 (¥1,664.34 Mil) to Dec. 2022 (¥1,274.45 Mil) but then increased from Dec. 2022 (¥1,274.45 Mil) to Dec. 2023 (¥1,826.42 Mil).

Guangdong Dongfang Precision Science & Tech Co Cash And Cash Equivalents Historical Data

The historical data trend for Guangdong Dongfang Precision Science & Tech 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.

* Premium members only.

Guangdong Dongfang Precision Science & Tech Co Cash And Cash Equivalents Chart

Guangdong Dongfang Precision Science & Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,356.70

885.71

1,664.34

1,274.45

1,826.42

Guangdong Dongfang Precision Science & Tech 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															1,429.73	1,512.21	1,773.36	1,826.42	1,585.45

Guangdong Dongfang Precision Science & Tech 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.

Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) 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.

Guangdong Dongfang Precision Science & Tech Co Cash And Cash Equivalents Related Terms

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Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Dongfang Precision Science & Tech Co Ltd (SZSE:002611) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No. 2, Zhenqiangshi Road, Nanhai District, Guangdong Province, Foshan, CHN

Website

https://www.df-global.cn

Guangdong Dongfang Precision Science & Tech Co Ltd is a China-based company that engages in the process, manufacture, and sale of carton printing equipment and accessories. The main products of the company's intelligent packaging equipment business include corrugated cardboard production line, corrugated box printing complete production line, pre-press, post-press intelligent automation equipment, and automated logistics systems. Some of the company's standalone printing products equipment include TOPRA AD, TOPRA GT, APSTAR HG 2, and APSTAR HS. The company's products are exported to more than 30 countries and regions, including Europe, America, Asia, Africa, Latin America, and Oceania.

Executives

Xie Wei Wei	Directors, executives
Qiu Ye Zhi	Directors, executives
Li Ke Tian	Independent director
Yang Ya Li	Directors, executives
Tang Zhuo Mian	Director
Tang Zhuo Lin	Director
Tang Yan Ling	Supervisors
Cen Mei Ling	Supervisors

Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) Headlines

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