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Lai Sun Garment (International) (Lai Sun Garment (International)) Net-Net Working Capital : $-7.14 (As of Jan. 2024)


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What is Lai Sun Garment (International) Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Lai Sun Garment (International)'s Net-Net Working Capital for the quarter that ended in Jan. 2024 was $-7.14.

The industry rank for Lai Sun Garment (International)'s Net-Net Working Capital or its related term are showing as below:

LSIHF's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.2
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Lai Sun Garment (International) Net-Net Working Capital Historical Data

The historical data trend for Lai Sun Garment (International)'s Net-Net Working Capital 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.

Lai Sun Garment (International) Net-Net Working Capital Chart

Lai Sun Garment (International) Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.96 -12.03 -13.13 -10.97 -7.21

Lai Sun Garment (International) Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.27 -10.97 -7.52 -7.21 -7.14

Competitive Comparison of Lai Sun Garment (International)'s Net-Net Working Capital

For the Real Estate - Diversified subindustry, Lai Sun Garment (International)'s Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lai Sun Garment (International)'s Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Lai Sun Garment (International)'s Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Lai Sun Garment (International)'s Price-to-Net-Net-Working-Capital falls into.



Lai Sun Garment (International) Net-Net Working Capital Calculation

Lai Sun Garment (International)'s Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jul. 2023 is calculated as

Net-Net Working Capital(A: Jul. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(486.759+0.75 * 44.542+0.5 * 1256.53-4887.947
-0-2626.678)/883.374
=-7.21

Lai Sun Garment (International)'s Net-Net Working Capital (NNWC) per share for the quarter that ended in Jan. 2024 is calculated as

Net-Net Working Capital(Q: Jan. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(398.085+0.75 * 43.395+0.5 * 1203.918-4847.937
-0-2489.012)/883.374
=-7.14

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Lai Sun Garment (International)  (OTCPK:LSIHF) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Lai Sun Garment (International) Net-Net Working Capital Related Terms

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Lai Sun Garment (International) (Lai Sun Garment (International)) Business Description

Traded in Other Exchanges
Address
680 Cheung Sha Wan Road, 11th Floor, Lai Sun Commercial Centre, Kowloon, Hong Kong, HKG
Lai Sun Garment (International) Ltd is a real estate company. The company's principal activities include property development and investment in Hong Kong, Mainland China, and overseas as well as investment in and operation of hotels and restaurants and investment holding. The company operates through nine segments namely, Property development and sales; Property investment; Hotel operation; Restaurant operation; Media and entertainment; Film and TV program segment; Cinema operation; Theme park operation, and Others. It generates the majority of its revenue from the Property development and sales segment.

Lai Sun Garment (International) (Lai Sun Garment (International)) Headlines

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