Elite Material Co (TPE:2383) Cash And Cash Equivalents : NT$12,625 Mil (As of Mar. 2024)

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What is Elite Material Co Cash And Cash Equivalents?

Elite Material Co's quarterly cash and cash equivalents declined from Jun. 2023 (NT$13,951.04 Mil) to Sep. 2023 (NT$10,581.78 Mil) but then increased from Sep. 2023 (NT$10,581.78 Mil) to Mar. 2024 (NT$12,625.45 Mil).

Elite Material Co's annual cash and cash equivalents increased from Dec. 2020 (NT$5,731.86 Mil) to Dec. 2021 (NT$6,642.07 Mil) and increased from Dec. 2021 (NT$6,642.07 Mil) to Dec. 2022 (NT$10,443.62 Mil).

Elite Material Co Cash And Cash Equivalents Historical Data

The historical data trend for Elite 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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Elite Material Co Cash And Cash Equivalents Chart

Elite Material Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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6,022.97

6,350.79

5,731.86

6,642.07

10,443.62

Elite Material Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															10,443.62	14,413.60	13,951.04	10,581.78	12,625.45

Elite 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.

Elite Material Co (TPE:2383) 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.

Elite Material Co Cash And Cash Equivalents Related Terms

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Elite Material Co (TPE:2383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elite Material Co Ltd (TPE:2383) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

No. 18, Datong 1st Road, Guanyin District, Taoyuan, TWN, 328

Website

https://www.emctw.com

Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals and raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: The domestic segment produces and sells different types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components, the Foreign segment produces and sells prepreg for printed circuit board and copper-clad laminate, and Other segments include investment and product exchange business. Geographically, It operates in Taiwan, China, and Other countries.

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