GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Dunxin Financial Holdings Ltd (AMEX:DXF) » Definitions » Net-Net Working Capital

Dunxin Financial Holdings (Dunxin Financial Holdings) Net-Net Working Capital : $-18.75 (As of Jun. 2023)


View and export this data going back to 2010. Start your Free Trial

What is Dunxin 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.

Dunxin Financial Holdings's Net-Net Working Capital for the quarter that ended in Jun. 2023 was $-18.75.

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

DXF's Price-to-Net-Net-Working-Capital is not ranked *
in the Credit Services industry.
Industry Median: 8.15
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Dunxin Financial Holdings Net-Net Working Capital Historical Data

The historical data trend for Dunxin 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.

Dunxin Financial Holdings Net-Net Working Capital Chart

Dunxin Financial Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.66 -8.02 -4.96 -3.35 -2.44

Dunxin Financial Holdings Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 -27.41 -3.35 -26.30 -2.44 -18.75

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

For the Credit Services subindustry, Dunxin 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.


Dunxin Financial Holdings's Price-to-Net-Net-Working-Capital Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Dunxin Financial Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Dunxin Financial Holdings Net-Net Working Capital Calculation

Dunxin Financial Holdings'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.018+0+0.75 * 63.594+0.5 * 0-44.768
-0-8.252)/2.17179
=-2.44

Dunxin Financial Holdings'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.04+0+0.75 * 0+0.5 * 0-45.246
-0-8.873)/2.88423
=-18.75

* 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.


Dunxin Financial Holdings  (AMEX:DXF) 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.


Dunxin Financial Holdings Net-Net Working Capital Related Terms

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


Dunxin Financial Holdings (Dunxin Financial Holdings) Business Description

Traded in Other Exchanges
N/A
Address
No. 128 Xu Dong Street, 27th Floor, LianFa International Building, Wuchang District, Hubei Province, Wuhan, CHN, 430063
Dunxin Financial Holdings Ltd is engaged in the business of providing loan facilities to micro, small, and medium-sized enterprises and sole proprietors in the Hubei province of the People's Republic of China. It serves family-run businesses, farmers, and individual borrowers. Some of its loan products include Consumer Loans; Commercial Loans; Collateral-Backed Loans; Enterprise Loans and others.
Executives
Capital Management Shah 10 percent owner 8601 SIX FORKS ROAD, SUITE 630, RALEIGH NC 27615