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Beijing UBOX Online Technology (HKSE:02429) Net-Net Working Capital : HK$-0.14 (As of Dec. 2023)


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What is Beijing UBOX Online Technology 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.

Beijing UBOX Online Technology's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$-0.14.

The industry rank for Beijing UBOX Online Technology's Net-Net Working Capital or its related term are showing as below:

HKSE:02429's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 6.93
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Beijing UBOX Online Technology Net-Net Working Capital Historical Data

The historical data trend for Beijing UBOX Online Technology'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.

Beijing UBOX Online Technology Net-Net Working Capital Chart

Beijing UBOX Online Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
-0.22 -0.35 -0.49 -0.43 -0.14

Beijing UBOX Online Technology Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial -0.49 - -0.43 -0.38 -0.14

Competitive Comparison of Beijing UBOX Online Technology's Net-Net Working Capital

For the Business Equipment & Supplies subindustry, Beijing UBOX Online Technology'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.

Beijing UBOX Online Technology's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Beijing UBOX Online Technology's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Beijing UBOX Online Technology's Price-to-Net-Net-Working-Capital falls into.


Beijing UBOX Online Technology Net-Net Working Capital Calculation

Beijing UBOX Online Technology'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)
=(380.157+0.75 * 38.202+0.5 * 191.305-591.431
-0-25.948)/779.835
=-0.14

Beijing UBOX Online Technology'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)
=(380.157+0.75 * 38.202+0.5 * 191.305-591.431
-0-25.948)/779.835
=-0.14

* 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.

Beijing UBOX Online Technology  (HKSE:02429) 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.

Beijing UBOX Online Technology Net-Net Working Capital Related Terms

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Beijing UBOX Online Technology (HKSE:02429) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing UBOX Online Technology Corp (HKSE:02429) » Definitions » Net-Net Working Capital
Comparable Companies
Traded in Other Exchanges
N/A
Address
West Second Shenyun Road, 4th Floor, Tower A, Tagen Knowledge & Innovation Center, Nanshan, Shenzhen, CHN
Website
https://www.uboxol.com
Beijing UBOX Online Technology Corp is a vending machine operator in mainland China. It has rapidly established an extensive point-of-sale, or POS, network covering a wide range of consumption scenarios, including schools, factories, office premises, public venues, transportation hubs and restaurants. Through its expansive POS network, it is able to provide services to a variety of participants along the unmanned retail industry value chain. The company operates in five business segments; Unmanned retail business, Advertising and system support services, Merchandise wholesale, Vending machine sales and leases, and Others.
Executives
Wang Bin 2501 Other
Qiushi (tianjin) Equity Investment Management Partnership 2201 Interest of corporation controlled by you
Shang Hai Yun Xin Chuang Ye Tou Zi You Xian Gong Si
Ma Yi Ke Ji Ji Tuan Gu Fen You Xian Gong Si
Zhong Jin Zi Ben Yun Ying You Xian Gong Si 2201 Interest of corporation controlled by you
Ma Yun
Jing Eric Xiandong
Jiang Fang
Hu Simon Xiaoming
Hangzhou Yunbo Investment Consulting Co., Ltd.
China International Capital Corporation Limited 2201 Interest of corporation controlled by you
N/a N/a 2201 Interest of corporation controlled by you
Mingde Chunhua (tianjin) Asset Management Co., Ltd. 2201 Interest of corporation controlled by you
Chunhua Xingkang (tianjin) Investment Center (limited Partnership) 2201 Interest of corporation controlled by you
Chunhua Rongshun (tianjin) Equity Investment Fund Partnership (limited Partnership) 2101 Beneficial owner

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