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Beijing Dabeinong Technology Group Co (SZSE:002385) Net-Net Working Capital : ¥-3.63 (As of Mar. 2024)


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What is Beijing Dabeinong Technology Group 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.

Beijing Dabeinong Technology Group Co's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ¥-3.63.

The industry rank for Beijing Dabeinong Technology Group Co's Net-Net Working Capital or its related term are showing as below:

SZSE:002385's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 7.255
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Beijing Dabeinong Technology Group Co Net-Net Working Capital Historical Data

The historical data trend for Beijing Dabeinong Technology Group 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.

Beijing Dabeinong Technology Group Co Net-Net Working Capital Chart

Beijing Dabeinong Technology Group 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 -0.99 -1.62 -1.96 -2.78 -3.41

Beijing Dabeinong Technology Group 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 -2.85 -2.96 -3.13 -3.41 -3.63

Competitive Comparison of Beijing Dabeinong Technology Group Co's Net-Net Working Capital

For the Farm Products subindustry, Beijing Dabeinong Technology Group 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.


Beijing Dabeinong Technology Group Co's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Beijing Dabeinong Technology Group Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Beijing Dabeinong Technology Group Co's Price-to-Net-Net-Working-Capital falls into.



Beijing Dabeinong Technology Group Co Net-Net Working Capital Calculation

Beijing Dabeinong Technology Group 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)
=(4687.838+0.75 * 1182.588+0.5 * 4006.47-19744.888
-0-1955.383)/4136.08
=-3.41

Beijing Dabeinong Technology Group 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)
=(3064.035+0.75 * 1746.417+0.5 * 4058.403-19584.491
-0-1756.284)/4112.24
=-3.63

* 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.


Beijing Dabeinong Technology Group Co  (SZSE:002385) 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.


Beijing Dabeinong Technology Group Co Net-Net Working Capital Related Terms

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Beijing Dabeinong Technology Group Co (SZSE:002385) Business Description

Traded in Other Exchanges
N/A
Address
Zhongguancun Street, 14th Floor, Zhongguancun Building, Number 27, Haidian, Beijing, CHN, 100080
Beijing Dabeinong Technology Group Co Ltd is a China-based company producing and distributing feed and seed products, animal health products, and plant protection products among others.
Executives
Zhang Li Zhong Director
Shao Gen Huo Director
Chen Zhong Heng Directors, executives
Tan Song Lin Supervisors
Zhou Ye Jun Directors, executives
Feng Yu Jun Independent director
Zhang Jie Supervisors
Lin Sun Xiong Executives
Xue Su Wen Director
Wu Wen Executives
Zhu Lin Supervisors
Qiu Yu Wen Director
Song Wei Ping Executives
Wang Ping Supervisors
Zhen Guo Zhen Director

Beijing Dabeinong Technology Group Co (SZSE:002385) Headlines

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