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Fujikon Industrial Holdings (HKSE:00927) Net-Net Working Capital : HK$0.70 (As of Sep. 2023)


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What is Fujikon Industrial 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.

Fujikon Industrial Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2023 was HK$0.70.

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

HKSE:00927's Price-to-Net-Net-Working-Capital is ranked better than
96.04% of 1211 companies
in the Hardware industry
Industry Median: 6.81 vs HKSE:00927: 1.09

Fujikon Industrial Holdings Net-Net Working Capital Historical Data

The historical data trend for Fujikon Industrial 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.

Fujikon Industrial Holdings Net-Net Working Capital Chart

Fujikon Industrial Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.79 0.91 0.75 0.77

Fujikon Industrial Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 0.78 0.75 0.63 0.77 0.70

Competitive Comparison of Fujikon Industrial Holdings's Net-Net Working Capital

For the Consumer Electronics subindustry, Fujikon Industrial 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.


Fujikon Industrial Holdings's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Fujikon Industrial Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Fujikon Industrial Holdings Net-Net Working Capital Calculation

Fujikon Industrial Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(370.84+0.75 * 242.406+0.5 * 149.11-226.974
-0-72.647)/425.839
=0.77

Fujikon Industrial Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(405.908+0.75 * 201.516+0.5 * 156.474-253.11
-0-84.613)/425.839
=0.70

* 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.


Fujikon Industrial Holdings  (HKSE:00927) 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.


Fujikon Industrial Holdings Net-Net Working Capital Related Terms

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Fujikon Industrial Holdings (HKSE:00927) Business Description

Traded in Other Exchanges
Address
138 Shatin Rural Committee Road, 16th Floor, Tower 1, New Territories, Grand Central Plaza, Shatin, Hong Kong, HKG
Fujikon Industrial Holdings Ltd is engaged in the design, manufacture, marketing and trading of electro-acoustic products, accessories and other electronic products. The company operates through two segments which include Headsets and headphones and Accessories and components. The Headsets and headphones segment is involved in the manufacture and sales of headsets and headphone products. The accessories and Components segment includes the manufacture and sales of electric-acoustic accessories and components.
Executives
Cai Liting 2202 Interest of your spouse
Chow Man Yan 2101 Beneficial owner
Yeung Siu Chung 2201 Interest of corporation controlled by you
Zong Xiaocui 2202 Interest of your spouse
Leung Woon Yee 2202 Interest of your spouse
Yuen Yee Sai 2101 Beneficial owner
Webb David Michael 2201 Interest of corporation controlled by you
Yan Yau Tai Ellen 2202 Interest of your spouse
Yeung Chi Hung 2101 Beneficial owner

Fujikon Industrial Holdings (HKSE:00927) Headlines

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