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Hao Tian International Construction Investment Group (HKSE:01341) Net-Net Working Capital : HK$-0.11 (As of Sep. 2023)


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What is Hao Tian International Construction Investment Group 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.

Hao Tian International Construction Investment Group's Net-Net Working Capital for the quarter that ended in Sep. 2023 was HK$-0.11.

The industry rank for Hao Tian International Construction Investment Group's Net-Net Working Capital or its related term are showing as below:

HKSE:01341's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.545
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Hao Tian International Construction Investment Group Net-Net Working Capital Historical Data

The historical data trend for Hao Tian International Construction Investment Group'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.

Hao Tian International Construction Investment Group Net-Net Working Capital Chart

Hao Tian International Construction Investment Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only - -0.02 -0.07 -0.09 -0.17

Hao Tian International Construction Investment Group Semi-Annual Data
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 -0.05 -0.09 -0.09 -0.17 -0.11

Competitive Comparison of Hao Tian International Construction Investment Group's Net-Net Working Capital

For the Rental & Leasing Services subindustry, Hao Tian International Construction Investment Group'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.


Hao Tian International Construction Investment Group's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hao Tian International Construction Investment Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Hao Tian International Construction Investment Group's Price-to-Net-Net-Working-Capital falls into.



Hao Tian International Construction Investment Group Net-Net Working Capital Calculation

Hao Tian International Construction Investment Group'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)
=(283+0.75 * 91+0.5 * 353-1625
-0-169)/7592
=-0.17

Hao Tian International Construction Investment Group'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)
=(134+0.75 * 111+0.5 * 331-1042
-0-168)/7620
=-0.11

* 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.


Hao Tian International Construction Investment Group  (HKSE:01341) 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.


Hao Tian International Construction Investment Group Net-Net Working Capital Related Terms

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Hao Tian International Construction Investment Group (HKSE:01341) Business Description

Traded in Other Exchanges
Address
6-8 Harbour Road, Rooms 2510-2518, 25th Floor, Shui On Centre, Wanchai, Hong Kong, HKG
Hao Tian International Construction Investment Group Ltd is an investment holding company. The company's operating segment includes the Rental and sale of construction machinery and spare parts business which generates majority revenue to the business; Provision of repair and maintenance and transportation service business; Money lending business; Provision of asset management, securities brokerage, commodities, futures, and other financial services business and Property development business. The company operates in Hong Kong, The People's Republic of China, Macau, and Cambodia geographically.
Executives
Aceso Life Science Group Limited 2201 Interest of corporation controlled by you
Asia Link Capital Investment Holdings Limited 2201 Interest of corporation controlled by you
Win Team Investments Limited 2201 Interest of corporation controlled by you
Hao Tian Management (china) Limited 2101 Beneficial owner
Li Shao Yu 2201 Interest of corporation controlled by you
Yi Tai Gu Fen Xiang Gang You Xian Gong Si 2101 Beneficial owner
Nei Meng Gu Yi Tai Mei Tan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Lin Yuan 2101 Beneficial owner
Hao Tian Management (hong Kong) Limited 2101 Beneficial owner
Central Huijin Investment Ltd. 2106 Person having a security interest in shares
China Construction Bank Corporation 2106 Person having a security interest in shares
Su Junhao 2101 Beneficial owner
Soaring Wealth Ventures Limited 2101 Beneficial owner

Hao Tian International Construction Investment Group (HKSE:01341) Headlines

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