Jiumaojiu International Holdings (HKSE:09922) Cash, Cash Equivalents, Marketable Securities : HK$1,967 Mil (As of Dec. 2023)

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What is Jiumaojiu International Holdings Cash, Cash Equivalents, Marketable Securities?

Jiumaojiu International Holdings's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (HK$2,178.84 Mil) to Jun. 2023 (HK$2,254.33 Mil) but then stayed the same from Jun. 2023 (HK$2,254.33 Mil) to Dec. 2023 (HK$1,967.20 Mil).

Jiumaojiu International Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (HK$2,544.36 Mil) to Dec. 2022 (HK$2,178.84 Mil) and declined from Dec. 2022 (HK$2,178.84 Mil) to Dec. 2023 (HK$1,967.20 Mil).

Jiumaojiu International Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Jiumaojiu International 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.

Jiumaojiu International Holdings Cash, Cash Equivalents, Marketable Securities Chart

Jiumaojiu International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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141.51

2,983.99

2,544.36

2,178.84

1,967.20

Jiumaojiu International Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial									2,544.36	2,422.52	2,178.84	2,254.33	1,967.20

Jiumaojiu International 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.

Jiumaojiu International Holdings (HKSE:09922) 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.

Jiumaojiu International Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Jiumaojiu International Holdings (HKSE:09922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Jiumaojiu International Holdings Ltd (HKSE:09922) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

3YU:Germany

Address

1 Mingzhuyi Street, Room 404-A197, Hengli Town, Nansha District, Guangzhou, CHN

Website

http://www.jiumaojiu.com

Jiumaojiu International is a Chinese multibrand restaurant operator. The firm generates most of its revenue from Tai Er, a restaurant chain that is known for its sauerkraut fish (steamed fish smothered in pickled cabbage). Established in 2015, Tai Er is immensely popular, with over 400 outlets in China, and is frequented particularly by the post-1990s generation.Other key concepts include the namesake concept Jiu Mao Jiu (nearly 80 units) and a newly created restaurant concept Song Hot Pot (almost 30 outlets), but the company's portfolio also includes other brands such as Uncle Chef (Cantonese cuisine) and Lai Mei Li (Chinese grilled fish). All of Jiumaojiu's restaurants are company-owned, as the firm is focusing more on the quality of its restaurants over quantity.

Executives

Invesco Asset Management Limited	2102 Investment manager
Jpmorgan Chase & Co.	2502 Approved lending agent
The Capital Group Companies, Inc.	2201 Interest of corporation controlled by you
Guan Yihong	2201 Interest of corporation controlled by you
Gyh J Limited	2101 Beneficial owner
Yang Sanyin	2202 Interest of your spouse
T. Rowe Price Associates, Inc. And Its Affiliates	2101 Beneficial owner
Chen Haixia	2201 Interest of corporation controlled by you
Mx J Limited	2101 Beneficial owner
Mt J Limited	2101 Beneficial owner

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