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China United Insurance Service (China United Insurance Service) Net-Net Working Capital : $0.69 (As of Mar. 2023)


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What is China United Insurance Service 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.

China United Insurance Service's Net-Net Working Capital for the quarter that ended in Mar. 2023 was $0.69.

The industry rank for China United Insurance Service's Net-Net Working Capital or its related term are showing as below:

CUII's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 4.695
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

China United Insurance Service Net-Net Working Capital Historical Data

The historical data trend for China United Insurance Service'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.

China United Insurance Service Net-Net Working Capital Chart

China United Insurance Service Annual Data
Trend Jun13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.19 0.19 0.45 0.61

China United Insurance Service Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 0.55 0.48 0.48 0.61 0.69

Competitive Comparison of China United Insurance Service's Net-Net Working Capital

For the Insurance Brokers subindustry, China United Insurance Service'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.


China United Insurance Service's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, China United Insurance Service's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where China United Insurance Service's Price-to-Net-Net-Working-Capital falls into.



China United Insurance Service Net-Net Working Capital Calculation

China United Insurance Service's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(93.344+0.75 * 27.562+0.5 * 0-62.36
-0-33.186)/30.2862
=0.61

China United Insurance Service's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2023 is calculated as

Net-Net Working Capital(Q: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(99.146+0.75 * 20.746+0.5 * 0-58.561
-0-35.121)/30.2862
=0.69

* 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.


China United Insurance Service  (OTCPK:CUII) 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.


China United Insurance Service Net-Net Working Capital Related Terms

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China United Insurance Service (China United Insurance Service) Business Description

Traded in Other Exchanges
N/A
Address
Nan-King East Road, 7th Floor, No. 311, Section 3, Songshan District, Taipei, TWN, 10595
China United Insurance Service Inc through its subsidiaries provides insurance brokerage and agency services across the People's Republic of China. The company offers client-specific life insurance products and property and casualty insurance products. It generates most of its revenues from Taiwan followed by the People's Republic of China. Property and Casualty Insurance Products: Law Broker's main property and casualty insurance products are automobile insurance, casualty insurance, and liability insurance. The property and casualty insurance products Law Broker distributes can be further classified into the categories: automobile insurance, casualty insurance, and liability insurance.
Executives
Chuwan Hau Li director 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000
Mei-kuan Yeh officer: Chief Financial Officer 331 SECTION 3, NAN-KING EAST ROAD, 7TH FLOOR, TAIPEI F5 10595
Yung Chi Chuang officer: Chief Financial Officer 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000
Lee Shu Fen director, 10 percent owner 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000
Mao Yi Hsiao director, 10 percent owner, officer: Chief Executive Officer 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000
Hsu Wen Yuan officer: Chief Marketing Officer 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000
Hsieh Tung Chi officer: Chief Operating Officer 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000
Chen Kuie Chiao director 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000
Li Fu Chang director 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000
Chiang Te Yun officer: Chief Technology Officer 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000
Lo Chung Mei officer: Former Chief Executive Officer 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000

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