GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sailvan Times Co Ltd (SZSE:301381) » Definitions » Net-Net Working Capital

Sailvan Times Co (SZSE:301381) Net-Net Working Capital : ¥1.86 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Sailvan Times 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.

Sailvan Times Co's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ¥1.86.

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

SZSE:301381's Price-to-Net-Net-Working-Capital is ranked worse than
72.76% of 323 companies
in the Retail - Cyclical industry
Industry Median: 6.03 vs SZSE:301381: 13.55

Sailvan Times Co Net-Net Working Capital Historical Data

The historical data trend for Sailvan Times 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.

Sailvan Times Co Net-Net Working Capital Chart

Sailvan Times Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial 0.12 0.01 -0.04 0.91 1.84

Sailvan Times Co Quarterly Data
Dec17 Dec18 Dec19 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 1.10 1.26 1.82 1.84 1.86

Competitive Comparison of Sailvan Times Co's Net-Net Working Capital

For the Internet Retail subindustry, Sailvan Times 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.


Sailvan Times Co's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sailvan Times Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Sailvan Times Co Net-Net Working Capital Calculation

Sailvan Times 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)
=(1381.438+0.75 * 218.808+0.5 * 802.496-1208.714
-0-0)/400.1
=1.84

Sailvan Times Co'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)
=(1414.184+0.75 * 229.15+0.5 * 854.282-1267.787
-0-0)/400.1
=1.86

* 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.


Sailvan Times Co  (SZSE:301381) 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.


Sailvan Times Co Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Sailvan Times Co's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Sailvan Times Co (SZSE:301381) Business Description

Traded in Other Exchanges
N/A
Address
Nanwan Street, Room 1001, No. 6, Kangli City, Shanglilang Community, Longgang District, Guangdong, Shenzhen, CHN, 518112
Sailvan Times Co Ltd is a technology-driven export cross-border brand e-commerce. The company sells high-quality and individuality to global consumers through third-party e-commerce platforms such as Amazon, Walmart, eBay, Wish, and vertical category self-operated websites such as SHESHOW and Retro Stage. It offers modern lifestyle products, including clothing accessories, sports and entertainment, department stores and home furnishings and others. The company also provides logistics services to third parties based on its comprehensive cross-border warehousing and logistics system.

Sailvan Times Co (SZSE:301381) Headlines

No Headlines