GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jinxin Fertility Group Ltd (HKSE:01951) » Definitions » Net-Net Working Capital

Jinxin Fertility Group (HKSE:01951) Net-Net Working Capital : HK$-1.55 (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Jinxin Fertility Group 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.

Jinxin Fertility Group's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$-1.55.

The industry rank for Jinxin Fertility Group's Net-Net Working Capital or its related term are showing as below:

HKSE:01951's Price-to-Net-Net-Working-Capital is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 7.35
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Jinxin Fertility Group Net-Net Working Capital Historical Data

The historical data trend for Jinxin Fertility Group'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.

Jinxin Fertility Group Net-Net Working Capital Chart

Jinxin Fertility Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial 0.88 0.30 -1.11 -2.26 -1.55

Jinxin Fertility Group Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -1.11 -2.35 -2.26 -1.61 -1.55

Competitive Comparison of Jinxin Fertility Group's Net-Net Working Capital

For the Medical Care Facilities subindustry, Jinxin Fertility Group'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.


Jinxin Fertility Group's Price-to-Net-Net-Working-Capital Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Jinxin Fertility Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Jinxin Fertility Group's Price-to-Net-Net-Working-Capital falls into.



Jinxin Fertility Group Net-Net Working Capital Calculation

Jinxin Fertility Group'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)
=(932.884+0.75 * 79.94+0.5 * 68.282-5151.004
-0-104.334)/2720.91
=-1.55

Jinxin Fertility Group'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)
=(932.884+0.75 * 79.94+0.5 * 68.282-5151.004
-0-104.334)/2720.91
=-1.55

* 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.


Jinxin Fertility Group  (HKSE:01951) 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.


Jinxin Fertility Group Net-Net Working Capital Related Terms

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


Jinxin Fertility Group (HKSE:01951) Business Description

Traded in Other Exchanges
Address
No. 301, North Jingsha Road, Jinjiang District, Sichuan, Chengdu, CHN
Jinxin Fertility Group Ltd is an investment holding company. Along with its subsidiaries, it is engaged in providing IVF services in both China and the United States. The firm generates its revenue from Assisted reproductive services, management services, and ancillary medical services. Geographically, it generates a majority of its revenue from the People's Republic of China.
Executives
Jinxin Fertility Investment Group Limited 2101 Beneficial owner
Hrc Investment Holding, Llc
Hhlr Advisors, Ltd. 2102 Investment manager
Hhlr Fund, L.p. 2101 Beneficial owner
Morgan Stanley 2201 Interest of corporation controlled by you
Blackrock, Inc. 2201 Interest of corporation controlled by you
Hillhouse Capital Advisors, Ltd. 2102 Investment manager
Gaoling Fund, L.p. 2101 Beneficial owner

Jinxin Fertility Group (HKSE:01951) Headlines

No Headlines