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Yealink Network Technology (SZSE:300628) Net-Net Working Capital : ¥4.93 (As of Mar. 2024)


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What is Yealink Network 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.

Yealink Network Technology's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ¥4.93.

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

SZSE:300628's Price-to-Net-Net-Working-Capital is ranked worse than
51.98% of 1214 companies
in the Hardware industry
Industry Median: 6.86 vs SZSE:300628: 7.29

Yealink Network Technology Net-Net Working Capital Historical Data

The historical data trend for Yealink Network 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.

Yealink Network Technology Net-Net Working Capital Chart

Yealink Network Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.93 3.36 3.76 4.54 4.50

Yealink Network Technology Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only 4.83 4.18 4.18 4.50 4.93

Competitive Comparison of Yealink Network Technology's Net-Net Working Capital

For the Communication Equipment subindustry, Yealink Network 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.


Yealink Network Technology's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

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

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



Yealink Network Technology Net-Net Working Capital Calculation

Yealink Network 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)
=(5466.408+0.75 * 824.234+0.5 * 726.665-759.494
-0-0)/1263.82
=4.50

Yealink Network Technology's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5761.256+0.75 * 895.667+0.5 * 685.687-540.904
-0-0)/1263.82
=4.93

* 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.


Yealink Network Technology  (SZSE:300628) 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.


Yealink Network Technology Net-Net Working Capital Related Terms

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Yealink Network Technology (SZSE:300628) Business Description

Traded in Other Exchanges
N/A
Address
No.1 Ling-Xia North Road, High Tech Park, Huli, Xiamen, CHN, 361009
Yealink Network Technology Corp Ltd is a provider of unified communication (UC) terminal solutions. It offers video, audio and collaboration unified communication terminal solutions as well as Communication Terminal products for businesses of all sizes. The group is a strategic partner with various brands such as Microsoft, Brandsoft, 3CX, Metaswitch, and Bluejeans. Geographically it operates through China, however, its solutions are offered worldwide.
Executives
Chen Zhi Song Director
Wu Zhong Yi Director
Lu Rong Fu Directors, executives
Zhou Ji Wei Directors, executives
Ceng Hui Executives
Ye Li Rong Independent director

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