Prosperous Industrial (Holdings) (HKSE:01731) Cash, Cash Equivalents, Marketable Securities : HK$457 Mil (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Prosperous Industrial (Holdings) Cash, Cash Equivalents, Marketable Securities?

Prosperous Industrial (Holdings)'s quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$378.64 Mil) to Jun. 2023 (HK$417.01 Mil) and increased from Jun. 2023 (HK$417.01 Mil) to Dec. 2023 (HK$456.98 Mil).

Prosperous Industrial (Holdings)'s annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$418.70 Mil) to Dec. 2022 (HK$378.64 Mil) but then increased from Dec. 2022 (HK$378.64 Mil) to Dec. 2023 (HK$456.98 Mil).

Prosperous Industrial (Holdings) Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Prosperous Industrial (Holdings)'s Cash, Cash Equivalents, Marketable Securities 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.

Prosperous Industrial (Holdings) Cash, Cash Equivalents, Marketable Securities Chart

Prosperous Industrial (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

398.50

639.71

418.70

378.64

456.98

Prosperous Industrial (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial											418.70	381.36	378.64	417.01	456.98

Prosperous Industrial (Holdings) Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Prosperous Industrial (Holdings) (HKSE:01731) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Prosperous Industrial (Holdings) Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Prosperous Industrial (Holdings)'s Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Prosperous Industrial (Holdings) (HKSE:01731) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Prosperous Industrial (Holdings) Ltd (HKSE:01731) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

71-75 Container Port Road, Unit 1-2, 1st Floor, Join-In Hang Sing Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.pihl.hk

Prosperous Industrial (Holdings) Ltd is an investment holding company principally engaged in the manufacturing and sale of sports bags, handbags and luggage bags. The company's products are categorized as outdoor and sporting bags including day packs and overnight backpacks, which are designed with larger volumes; functional bags such as camera backpacks with multiple pockets and waterproof hydration backpacks; fashion and casual bags, as well as other bags and packs. The company mainly operates its products to North America, Asia, and Europe market.

Executives

Yeung Ming Sum Richard
Yeung Wor Foon Stella
Prosperous Holdings (overseas) Limited
Great Pacific Investment Ltd.	2101 Beneficial owner
Pou Chen Corporation	2201 Interest of corporation controlled by you
Pou Hing Industrial Co. Ltd	2201 Interest of corporation controlled by you
Wealthplus Holdings Limited	2201 Interest of corporation controlled by you
Yue Yuen Industrial (holdings) Limited	2201 Interest of corporation controlled by you

Prosperous Industrial (Holdings) (HKSE:01731) Headlines

No Headlines