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Ever Glory United Holdings (SGX:ZKX) Net-Net Working Capital : S$-0.01 (As of Dec. 2023)


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What is Ever Glory United 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.

Ever Glory United Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was S$-0.01.

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

SGX:ZKX's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.51
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Ever Glory United Holdings Net-Net Working Capital Historical Data

The historical data trend for Ever Glory United 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.

Ever Glory United Holdings Net-Net Working Capital Chart

Ever Glory United Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
-0.02 -0.01 -0.02 -0.01

Ever Glory United Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial -0.01 - -0.02 - -0.01

Competitive Comparison of Ever Glory United Holdings's Net-Net Working Capital

For the Engineering & Construction subindustry, Ever Glory United 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.


Ever Glory United Holdings's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ever Glory United Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Ever Glory United Holdings's Price-to-Net-Net-Working-Capital falls into.



Ever Glory United Holdings Net-Net Working Capital Calculation

Ever Glory United 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)
=(5.156+0.75 * 8.08+0.5 * 0-13.626
-0-0)/169.158
=-0.01

Ever Glory United 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)
=(5.156+0.75 * 8.08+0.5 * 0-13.626
-0-0)/169.158
=-0.01

* 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.


Ever Glory United Holdings  (SGX:ZKX) 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.


Ever Glory United Holdings Net-Net Working Capital Related Terms

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Ever Glory United Holdings (SGX:ZKX) Business Description

Traded in Other Exchanges
N/A
Address
3 Little Road, No. 03-01 CRF Building, Singapore, SGP, 536982
Website
Ever Glory United Holdings Ltd is a Singapore-based M&E engineering service provider specializing in providing a wide range of M&E engineering services. Its services involve projects in both public and private sectors, such as the development or redevelopment of HDB residential flats, private residential properties, private schools, mixed-use properties, commercial buildings, or industrial buildings. It provides M&E engineering services as either an NSC or a DSC. The company specializes in the following areas of M&E engineering services: ACMV systems; electrical engineering systems; FP systems; PSG systems; and IBS.

Ever Glory United Holdings (SGX:ZKX) Headlines

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