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Seazen Holdings Co (SHSE:601155) Net-Net Working Capital : ¥-97.31 (As of Mar. 2024)


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What is Seazen Holdings 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.

Seazen Holdings Co's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ¥-97.31.

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

SHSE:601155's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.215
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Seazen Holdings Co Net-Net Working Capital Historical Data

The historical data trend for Seazen Holdings 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.

Seazen Holdings Co Net-Net Working Capital Chart

Seazen Holdings Co 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 -107.89 -128.16 -130.13 -117.17 -98.99

Seazen Holdings Co 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 -115.57 -112.31 -109.48 -98.99 -97.31

Competitive Comparison of Seazen Holdings Co's Net-Net Working Capital

For the Real Estate - Development subindustry, Seazen Holdings 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.


Seazen Holdings Co's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Seazen Holdings Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Seazen Holdings Co Net-Net Working Capital Calculation

Seazen Holdings 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)
=(18986.941+0.75 * 665.61+0.5 * 142506.571-287705.381
-0-26325.519)/2255.62
=-98.99

Seazen Holdings 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)
=(17865.905+0.75 * 554.27+0.5 * 139835.645-281664.565
-0-26037.388)/2255.62
=-97.31

* 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.


Seazen Holdings Co  (SHSE:601155) 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.


Seazen Holdings Co Net-Net Working Capital Related Terms

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Seazen Holdings Co (SHSE:601155) Business Description

Traded in Other Exchanges
N/A
Address
Zongjiang road, Future Land Development Hldgs Ltd building No. 6, Putuo District, Shanghai, CHN, 200062
Seazen Holdings Co Ltd is a China-based company engaged in development and operation of real estates. It develops residential properties and commercial properties. The company's products of residential properties developments are commercial residential, which includes high-rise residential, low-density multi-story residential and villas. It operates residential property business in Shanghai, Nanjing, Suzhou, Hangzhou, Changzhou and other cities in the Yangtze River Delta region. The company's products of commercial properties are mainly commercial complex projects.
Executives
Qu De Jun Directors, senior managers
Liang Zhi Cheng Directors, senior managers
Chen Peng senior management
Guan You Dong senior management
Guo Nan Nan senior management
Tang Yun Long senior management
Chen De Li Director
Zhou Ke Jie senior management
Ni Lian Zhong senior management
Yan Zheng senior management
Ou Yang Jie senior management

Seazen Holdings Co (SHSE:601155) Headlines

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