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[Alpha Biz=(Chicago) Reporter Paul Lee] Cash is rapidly decreasing as Samsung Electronics continues to make large-scale investments and dividends amid semiconductor deficits of more than KRW 12 trillion this year. Net cash has decreased by more than 30 trillion won in a year.
According to the industry on the 2nd, net cash of Samsung Electronics (005930) decreased by 33.31 trillion won (28.6%) in a year from 116.36 trillion won at the end of the third quarter of last year to 83.5 trillion won at the end of the third quarter of this year.
Net cash is an indicator of cash assets such as cash and cashable assets, short-term financial instruments, short-term amortization cost financial assets, and long-term fixed deposits.
During the same period, cash assets also plunged 35.72 trillion won from 128.82 trillion won to 93.1 trillion won.
Samsung Electronics' cumulative operating profit until the third quarter of this year was 3.7423 trillion won, down 90.4% from the same period last year (39.705 trillion won). Due to the sluggish semiconductor market, the DS sector's cumulative deficit in the third quarter reached KRW 12.69 trillion, which was a direct blow.
Despite the worsening performance, Samsung Electronics is continuing its aggressive investment. This year's annual facility investment is expected to be about 53.7 trillion won (DS 47.5 trillion won and display 3.1 trillion won), the largest annual facility investment execution.
The cumulative investment amounted to 36.7 trillion won from the first quarter to the third quarter of this year.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
