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Howkingtech International Holding (HKSE:02440) Net-Net Working Capital : HK$0.80 (As of Jun. 2023)


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What is Howkingtech International Holding 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.

Howkingtech International Holding's Net-Net Working Capital for the quarter that ended in Jun. 2023 was HK$0.80.

The industry rank for Howkingtech International Holding's Net-Net Working Capital or its related term are showing as below:

HKSE:02440's Price-to-Net-Net-Working-Capital is ranked better than
95.24% of 63 companies
in the Telecommunication Services industry
Industry Median: 7.22 vs HKSE:02440: 1.03

Howkingtech International Holding Net-Net Working Capital Historical Data

The historical data trend for Howkingtech International Holding'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.

Howkingtech International Holding Net-Net Working Capital Chart

Howkingtech International Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
0.25 0.40 0.06 0.99 0.94

Howkingtech International Holding Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial 0.06 - 0.99 0.80 0.94

Competitive Comparison of Howkingtech International Holding's Net-Net Working Capital

For the Telecom Services subindustry, Howkingtech International Holding'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.

Howkingtech International Holding's Price-to-Net-Net-Working-Capital Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Howkingtech International Holding's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Howkingtech International Holding's Price-to-Net-Net-Working-Capital falls into.


Howkingtech International Holding Net-Net Working Capital Calculation

Howkingtech International Holding's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(134.784+0.75 * 265.805+0.5 * 6.275-114.577
-0-0)/225
=0.99

Howkingtech International Holding's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2023 is calculated as

Net-Net Working Capital(Q: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(53.25+0.75 * 297.535+0.5 * 3.425-98.836
-0-0)/225
=0.80

* 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.

Howkingtech International Holding  (HKSE:02440) 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.

Howkingtech International Holding Net-Net Working Capital Related Terms

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Howkingtech International Holding (HKSE:02440) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Howkingtech International Holding Ltd (HKSE:02440) » Definitions » Net-Net Working Capital
Comparable Companies
HKSE:08167 HKSE:08645 HKSE:01723 HKSE:00524 HKSE:08337 SHSE:600941 CMCSA TMUS VZ T XTER:DTE TSE:9432 NSE:BHARTIARTL TSE:9433 HKSE:00728 CHTR TSE:9984 TSE:9434 AMX B SAU:7010
Traded in Other Exchanges
N/A
Address
No. 9, East Mozhou Road, Jiangning Economic and Technological Development Zone, Building B4, Nanjing, CHN
Website
http://www.howkingtech.com
Howkingtech International Holding Ltd is a provider for data transmission and processing services for IoT applications and telecommunication equipment in China, serving a broad range of industrial customers. It mainly provides customized data transmission and processing services to customers in manufacturing, municipal services and other industries in China, and research, develop and sell telecommunication equipment.
Executives
Wang Zheshi 2101 Beneficial owner
Chen Ping 2202 Interest of your spouse
Howkingtech Holding Limited 2101 Beneficial owner
Jin Yan 2201 Interest of corporation controlled by you
Ban Lifeng 2201 Interest of corporation controlled by you
Xie Xiongqing 2201 Interest of corporation controlled by you
Ye Xiang 2201 Interest of corporation controlled by you
Ding Di 2201 Interest of corporation controlled by you
Wu Chak Man 2101 Beneficial owner
Ning Bo Hui Xin Zhi Yuan Tou Zi Guan Li He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Ning Bo Xin Hui Qian Hai Gu Quan Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Jin Yuan Zhang Fu Qi Ye Guan Li He Huo Qi Ye You Xian He Huo 2101 Beneficial owner
Shen Zhen Hui Xin Qian Hai Gu Quan Tou Zi Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you

Howkingtech International Holding (HKSE:02440) Headlines

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