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Goldin Financial Holdings (HKSE:00530) Net-Net Working Capital : HK$0.30 (As of Jun. 2021)


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What is Goldin Financial 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.

Goldin Financial Holdings's Net-Net Working Capital for the quarter that ended in Jun. 2021 was HK$0.30.

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

HKSE:00530's Price-to-Net-Net-Working-Capital is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 9.2
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Goldin Financial Holdings Net-Net Working Capital Historical Data

The historical data trend for Goldin Financial 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.

Goldin Financial Holdings Net-Net Working Capital Chart

Goldin Financial Holdings Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.91 -2.03 -1.05 -2.03 0.30

Goldin Financial Holdings Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
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 -1.05 -1.20 -2.03 0.34 0.30

Competitive Comparison of Goldin Financial Holdings's Net-Net Working Capital

For the Beverages - Wineries & Distilleries subindustry, Goldin Financial 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.


Goldin Financial Holdings's Price-to-Net-Net-Working-Capital Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Goldin Financial Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Goldin Financial Holdings's Price-to-Net-Net-Working-Capital falls into.



Goldin Financial Holdings Net-Net Working Capital Calculation

Goldin Financial Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2021 is calculated as

Net-Net Working Capital(A: Jun. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6246.862+0.75 * 4007.053+0.5 * 719.468-7521.606
-0-0)/6990.65
=0.30

Goldin Financial Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2021 is calculated as

Net-Net Working Capital(Q: Jun. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6246.862+0.75 * 4007.053+0.5 * 719.468-7521.606
-0-0)/6990.65
=0.30

* 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.


Goldin Financial Holdings  (HKSE:00530) 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.


Goldin Financial Holdings Net-Net Working Capital Related Terms

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Goldin Financial Holdings (HKSE:00530) Business Description

Traded in Other Exchanges
N/A
Address
17 Kai Cheung Road, 25th Floor, Goldin Financial Global Centre, Kowloon Bay, Hong Kong, HKG
Goldin Financial Holdings Ltd is an investment holding company. The company's operating segment includes Property; Winery and wine related; Factoring and Financial investments. It generates maximum revenue from the Property segment. The Property segment engages in property development and investment. Its Factoring segment engages in the provision of factoring services. The Winery and wine related segment engage in the trading of wines, wine storage, and the operation of vineyards and restaurants. Its Financial investments segment engages in securities and derivative investment and trading and investment in financial instruments. Geographically, it derives a majority of revenue from Hong Kong.
Executives
Industrial And Commercial Bank Of China (macau) Limited 2106 Person having a security interest in shares
Nyh Limited 2106 Person having a security interest in shares
Sea Fortune Ventures Limited 2106 Person having a security interest in shares
Vast Gold Holdings Limited 2106 Person having a security interest in shares
Lu Wing Chi 2106 Person having a security interest in shares
Pan Sutong 2101 Beneficial owner
Goldin Global Holdings Limited 2101 Beneficial owner

Goldin Financial Holdings (HKSE:00530) Headlines

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