Gaona Aero Material Co (SZSE:300034) Cash And Cash Equivalents : ¥547 Mil (As of Mar. 2024)

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What is Gaona Aero Material Co Cash And Cash Equivalents?

Gaona Aero Material Co's quarterly cash and cash equivalents increased from Sep. 2023 (¥613.58 Mil) to Dec. 2023 (¥968.85 Mil) but then stayed the same from Dec. 2023 (¥968.85 Mil) to Mar. 2024 (¥547.23 Mil).

Gaona Aero Material Co's annual cash and cash equivalents increased from Dec. 2021 (¥558.61 Mil) to Dec. 2022 (¥1,043.47 Mil) but then declined from Dec. 2022 (¥1,043.47 Mil) to Dec. 2023 (¥968.85 Mil).

Gaona Aero Material Co Cash And Cash Equivalents Historical Data

The historical data trend for Gaona Aero Material 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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Gaona Aero Material Co Cash And Cash Equivalents Chart

Gaona Aero Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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312.52

351.70

558.61

1,043.47

968.85

Gaona Aero Material 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															613.59	714.42	613.58	968.85	547.23

Gaona Aero Material 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.

Gaona Aero Material Co (SZSE:300034) 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.

Gaona Aero Material Co Cash And Cash Equivalents Related Terms

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Gaona Aero Material Co (SZSE:300034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Gaona Aero Material Co Ltd (SZSE:300034) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No. 19 Daliushu South Village, Haidian District, Beijing, Beijing, CHN, 100081

Website

http://www.cisri-gaona.com.cn

Gaona Aero Material Co Ltd is engaged in the research and development, production, and sales of high-temperature materials in aerospace materials. The products of the company include casting alloy products, deformed alloy products which include high-temperature alloy bar, superalloy pipe, powder alloy products which include powder superalloy forgings, and special alloy products which include oxide dispersion strengthening series, friction plate, and porous foam products.

Executives

Yang Jie	Executives
Cai Xiao Bao	Directors, executives
Zhou Qian	Executives
Yin Fa Jie	Executives
Zhang Ji	Executives
Shao Chong	Directors, executives
Ma Hong Jun	Securities Affairs Representative
Zhao Ming Han	Director
Xu Ruo Gang	Supervisors
Ma Zhang Lin	Executives
Xu Hong Gui	Directors, executives, securities affairs represen
Wang Chen	Director

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