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Robosense Technology Co (HKSE:02498) Net-Net Working Capital : HK$-24.12 (As of Dec. 2023)


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What is Robosense Technology Co 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.

Robosense Technology Co's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$-24.12.

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

HKSE:02498's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 6.955
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Robosense Technology Co Net-Net Working Capital Historical Data

The historical data trend for Robosense Technology Co'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.

Robosense Technology Co Net-Net Working Capital Chart

Robosense Technology Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
-2.75 -9.80 -14.19 -24.12

Robosense Technology Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial -9.80 - -14.19 -16.01 -24.12

Competitive Comparison of Robosense Technology Co's Net-Net Working Capital

For the Computer Hardware subindustry, Robosense Technology Co'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.

Robosense Technology Co's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Robosense Technology Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Robosense Technology Co's Price-to-Net-Net-Working-Capital falls into.


Robosense Technology Co Net-Net Working Capital Calculation

Robosense Technology Co'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)
=(2021.79+0.75 * 735.485+0.5 * 217.893-13498.645
-0-17.323)/449.212
=-24.12

Robosense Technology Co'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)
=(2021.79+0.75 * 735.485+0.5 * 217.893-13498.645
-0-17.323)/449.212
=-24.12

* 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.

Robosense Technology Co  (HKSE:02498) 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.

Robosense Technology Co Net-Net Working Capital Related Terms

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Robosense Technology Co (HKSE:02498) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Robosense Technology Co Ltd (HKSE:02498) » Definitions » Net-Net Working Capital
Comparable Companies
Traded in Other Exchanges
N/A
Address
Building 9, Zhongguan Honghualing Industry, Southern District 1213 Liuxian Avenue, Taoyuan Street Nanshan District, Shenzhen, CHN
Website
https://www.robosense.ai/en
Robosense Technology Co Ltd is a company whose business is focused on full-stack systems incorporate LiDAR sensors, proprietary system on a chip and cutting-edge perception software. By integrating hardware and software, They have differentiated themselves from most LiDAR companies in the market who only focus on hardware. Combined with visual or other sensors, LiDAR forms perception solutions that endow automobiles and robots with perception capabilities. They develop our solutions based on chipdriven LiDAR hardware and AI perception software, expanding application scenarios and realizing large-scale commercialization in the industry.
Executives
Alibaba Group Holding Limited 2201 Interest of corporation controlled by you
Cr Investments Corporation 2201 Interest of corporation controlled by you
China Renaissance Holdings Limited 2201 Interest of corporation controlled by you
Emerald Forest Investment Limited 2201 Interest of corporation controlled by you
Emerald Forest International Limited 2101 Beneficial owner
Emerald Forest Holding Limited 2305 Beneficiary of a trust
Futu Trustee Limited 2301 Trustee
Cainiao Smart Logistics Network Limited
Cainiao Smart Logistics Investment Limited
Tmf (cayman) Ltd. 2301 Trustee
Ali Cn Investment Holding Limited 2201 Interest of corporation controlled by you
Sunton Global Limited 2305 Beneficiary of a trust
Blackpearl Investment Limited 2201 Interest of corporation controlled by you
Blackpearl Global Limited 2101 Beneficial owner
Zhu Xiaorui 2103 Interests held jointly with another person

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