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Yuk Wing Group Holdings (HKSE:01536) Net-Net Working Capital : HK$0.18 (As of Sep. 2023)


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What is Yuk Wing Group 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.

Yuk Wing Group Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2023 was HK$0.18.

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

HKSE:01536's Price-to-Net-Net-Working-Capital is ranked better than
99.49% of 1372 companies
in the Industrial Products industry
Industry Median: 6.88 vs HKSE:01536: 0.63

Yuk Wing Group Holdings Net-Net Working Capital Historical Data

The historical data trend for Yuk Wing Group 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.

Yuk Wing Group Holdings Net-Net Working Capital Chart

Yuk Wing Group 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 0.18 0.19 0.14 0.17 0.21

Yuk Wing Group Holdings Semi-Annual Data
Mar14 Mar15 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 0.17 0.17 0.16 0.21 0.18

Competitive Comparison of Yuk Wing Group Holdings's Net-Net Working Capital

For the Specialty Industrial Machinery subindustry, Yuk Wing Group 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.


Yuk Wing Group Holdings's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Yuk Wing Group Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Yuk Wing Group Holdings Net-Net Working Capital Calculation

Yuk Wing Group 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)
=(89.318+0.75 * 67.067+0.5 * 56.471-53.236
-0-35.156)/380
=0.21

Yuk Wing Group 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)
=(78.105+0.75 * 39.704+0.5 * 54.843-36.047
-0-32.319)/380
=0.18

* 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.


Yuk Wing Group Holdings  (HKSE:01536) 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.


Yuk Wing Group Holdings Net-Net Working Capital Related Terms

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Yuk Wing Group Holdings (HKSE:01536) Business Description

Traded in Other Exchanges
N/A
Address
288 Des Voeux Road Central, Unit B, 13th Floor, Eton Building, Hong Kong, HKG
Yuk Wing Group Holdings Ltd is an investment holding company engaged in the manufacturing and trading of down-the-hole (DTH) rockdrilling tools. The company's operating segments include Manufacturing and trading of DTH rockdrilling tools, Trading of piling and drilling machineries and Trading of rockdrilling equipment. It generates maximum revenue from the Manufacturing and trading of DTH rockdrilling tools segment. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in Macau, PRC, and other Countries.
Executives
Huang Shixin 2101 Beneficial owner
Chan Leung Choi 2101 Beneficial owner
Colour Shine Investments Limited 2101 Beneficial owner
He Xiaoming 2201 Interest of corporation controlled by you

Yuk Wing Group Holdings (HKSE:01536) Headlines

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