In today’s briefing:
- There Are Still Very Many Companies with High Cash on Hand Relative to Sales
There Are Still Very Many Companies with High Cash on Hand Relative to Sales
- Of course, it’s desirable to be able to use cash to find effective investments, but it is important to return cash on hand with an immediate impact on ROE improvement.
- Looking at all listed companies, there are a great many companies that have a large amount of cash on hand relative to sales.
- Denso’s measures to reduce policy shareholdings plus share buybacks will directly improve ROE, even if the background was a desire to stem the rise in foreign shareholdings.
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