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World Houseware holdings (HKSE:00713) Net-Net Working Capital : HK$-0.82 (As of Dec. 2023)


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What is World Houseware holdings 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.

World Houseware holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$-0.82.

The industry rank for World Houseware holdings's Net-Net Working Capital or its related term are showing as below:

HKSE:00713's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.52
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

World Houseware holdings Net-Net Working Capital Historical Data

The historical data trend for World Houseware holdings'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.

World Houseware holdings Net-Net Working Capital Chart

World Houseware holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.77 -0.81 -0.80 -0.83 -0.82

World Houseware holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -0.80 -0.96 -0.83 -0.73 -0.82

Competitive Comparison of World Houseware holdings's Net-Net Working Capital

For the Building Products & Equipment subindustry, World Houseware holdings'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.


World Houseware holdings's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, World Houseware holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where World Houseware holdings's Price-to-Net-Net-Working-Capital falls into.



World Houseware holdings Net-Net Working Capital Calculation

World Houseware holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(710.123+0.75 * 237.413+0.5 * 133.553-1605.017
-0-0)/792.117
=-0.82

World Houseware holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(710.123+0.75 * 237.413+0.5 * 133.553-1605.017
-0-0)/792.117
=-0.82

* 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.


World Houseware holdings  (HKSE:00713) 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.


World Houseware holdings Net-Net Working Capital Related Terms

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World Houseware holdings (HKSE:00713) Business Description

Traded in Other Exchanges
N/A
Address
16-18 Wah Sing Street, Flat C, 18th Floor, Bold Win Industrial Building, New Territories, Kwai Chung, Hong Kong, HKG
World Houseware holdings is an investment holding company. The company, along with its subsidiaries, operates in three segments. Its Household products segment is engaged in the manufacturing and distribution of household products, the PVC pipes and fittings segment manufactures and distributes PVC pipes and fittings, and the Property investment segment includes investment in properties. The firm generates a majority of its revenue from the PVC pipes and fittings segment.
Executives
Lee Hon Sing Alan
Lee Ka Yee
Lee Kwok Sing Stanley 2101 Beneficial owner
Fung Mei Po 2101 Beneficial owner
Lee Tat Hing 2101 Beneficial owner
Lee Chun Sing 2101 Beneficial owner

World Houseware holdings (HKSE:00713) Headlines

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