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MedSci Healthcare Holdings (HKSE:02415) Net-Net Working Capital : HK$2.01 (As of Dec. 2023)


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What is MedSci Healthcare 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.

MedSci Healthcare Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$2.01.

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

HKSE:02415's Price-to-Net-Net-Working-Capital is ranked better than
91.81% of 171 companies
in the Healthcare Providers & Services industry
Industry Median: 7.25 vs HKSE:02415: 1.31

MedSci Healthcare Holdings Net-Net Working Capital Historical Data

The historical data trend for MedSci Healthcare 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.

MedSci Healthcare Holdings Net-Net Working Capital Chart

MedSci Healthcare Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
0.27 -0.43 -0.58 2.01

MedSci Healthcare Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial -0.43 - -0.58 2.04 2.01

Competitive Comparison of MedSci Healthcare Holdings's Net-Net Working Capital

For the Health Information Services subindustry, MedSci Healthcare 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.

MedSci Healthcare Holdings's Price-to-Net-Net-Working-Capital Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, MedSci Healthcare Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


MedSci Healthcare Holdings Net-Net Working Capital Calculation

MedSci Healthcare 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)
=(1241.314+0.75 * 38.025+0.5 * 0-191.654
-0-0)/535.841
=2.01

MedSci Healthcare 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)
=(1241.314+0.75 * 38.025+0.5 * 0-191.654
-0-0)/535.841
=2.01

* 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.

MedSci Healthcare Holdings  (HKSE:02415) 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.

MedSci Healthcare Holdings Net-Net Working Capital Related Terms

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MedSci Healthcare Holdings (HKSE:02415) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MedSci Healthcare Holdings Ltd (HKSE:02415) » Definitions » Net-Net Working Capital
Comparable Companies
HKSE:02361 HKSE:09886 HKSE:06819 HKSE:09686 HKSE:02251 HKSE:02159 HKSE:02158 GEHC VEEV TSE:2413 HQY ASX:PME RCM TXG DOCS PGNY TDOC EVH HKSE:01833 PRVA
Traded in Other Exchanges
N/A
Address
No. 258, Xinzhuan Road, 18th Floor, Building 34, Songjiang District, Shanghai, CHN
Website
https://ir.medsci.cn
MedSci Healthcare Holdings Ltd is an investment holding company. It operates online professional physician platforms in China. The principal activities of the Company are the provision of physician platform solutions, precision omni-channel marketing solutions, and real-world study solutions in the People's Republic of China.
Executives
Li Xinmei 2202 Interest of your spouse
Zhang Fabao 2201 Interest of corporation controlled by you
Dtx Health Limited 2101 Beneficial owner
Yu Jia 2201 Interest of corporation controlled by you
Dragon Step Ventures Limited 2101 Beneficial owner
Shanghai Qichang Investment Consulting Co., Ltd. 2201 Interest of corporation controlled by you
Suzhou Qicheng Investment Management Partnership (limited Partnership) 2201 Interest of corporation controlled by you
Suzhou Qiming Ronghe Venture Capital Partnership (limited Partnership) 2201 Interest of corporation controlled by you
Image Frame Investment (hk) Limited
Tencent Holdings Limited
Microhealth Limited 2101 Beneficial owner
Hu Xubo 2201 Interest of corporation controlled by you
Meiyue Limited 2101 Beneficial owner

MedSci Healthcare Holdings (HKSE:02415) Headlines

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