The cash burn rate for Asieris is not directly available from the web search results, but it can be estimated by using the formula:
Cash Burn Rate = Total Change in Cash Position / Specified Time Period1
According to the latest financial reports, Asieris had a cash position of 1.32 billion CNY as of December 31, 20222. The previous year, the company had a cash position of 1.45 billion CNY as of December 31, 20213. Therefore, the change in cash position for the year 2022 was:
Change in Cash Position = 1.32 billion CNY - 1.45 billion CNY = -0.13 billion CNY
Using the formula, the cash burn rate for Asieris for the year 2022 was:
Cash Burn Rate = -0.13 billion CNY / 12 months = -10.83 million CNY per month
To get the annual cash burn rate, we can multiply this by 12:
Annual Cash Burn Rate = -10.83 million CNY x 12 = -129.96 million CNY per year
This means that Asieris spent about 130 million CNY more than it generated in cash flows in the year 2022. This is a negative sign for the company’s financial health and sustainability, as it indicates that the company is not generating enough revenue or profit from its products and operations to cover its expenses and investments. A high cash burn rate also means that the company has a shorter runway, which is the amount of time that the company has before it runs out of cash. If the company does not improve its cash flow situation or raise more funds from external sources, it may face liquidity or solvency problems in the future.