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Artini Holdings (HKSE:00789) Net-Net Working Capital : HK$0.05 (As of Sep. 2023)


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What is Artini 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.

Artini Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2023 was HK$0.05.

The industry rank for Artini Holdings's Net-Net Working Capital or its related term are showing as below:

HKSE:00789's Price-to-Net-Net-Working-Capital is ranked worse than
57.06% of 326 companies
in the Retail - Cyclical industry
Industry Median: 6.315 vs HKSE:00789: 8.50

Artini Holdings Net-Net Working Capital Historical Data

The historical data trend for Artini 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.

Artini Holdings Net-Net Working Capital Chart

Artini Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.04 0.03 0.05 0.05

Artini Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 0.05 0.05 0.04 0.05 0.05

Competitive Comparison of Artini Holdings's Net-Net Working Capital

For the Luxury Goods subindustry, Artini 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.


Artini Holdings's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Artini Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Artini Holdings's Price-to-Net-Net-Working-Capital falls into.



Artini Holdings Net-Net Working Capital Calculation

Artini Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(18.886+0.75 * 46.915+0.5 * 42.697-23.926
-0-0)/1103.97
=0.05

Artini Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16.836+0.75 * 39.124+0.5 * 45.23-18.691
-0-0)/1103.97
=0.05

* 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.


Artini Holdings  (HKSE:00789) 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.


Artini Holdings Net-Net Working Capital Related Terms

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Artini Holdings (HKSE:00789) Business Description

Traded in Other Exchanges
N/A
Address
No.182 Queen's Road East, Office 3, 17th Floor, Shun Feng International Centre, Wan Cha, Kowloon, Hong Kong, HKG
Artini Holdings Ltd is engaged in integrated fashion accessories platform business. The activities of the company involve Wholesaling of fashion accessories products mainly through the group's self-operated online platform; and Retail and distribution of fashion accessories products through third-party retail online platforms for retail customers in the PRC and third-party physical points of sale by authorized distributors and consignees in the PRC and Hong Kong, offline wholesale channels for the trading of fashion accessories products to wholesale customers. The group has a business presence in Hong Kong and Macao, the PRC, Russia, America, Asia, Africa, Europe, the Middle East, and Australia, of which a majority of revenue is derived from America.
Executives
Chen Long 2201 Interest of corporation controlled by you
Lin Chenjie 2202 Interest of your spouse
Fu Xing Tou Zi Fa Zhan Shen Zhen You Xian Gong Si 2201 Interest of corporation controlled by you
Walifax Investments Limited 2101 Beneficial owner
Tse Hoi Chau 2201 Interest of corporation controlled by you
Yu Zhonglian 2202 Interest of your spouse

Artini Holdings (HKSE:00789) Headlines

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