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Beijing Capital Grand (HKSE:01329) Net-Net Working Capital : HK$-5.49 (As of Jun. 2024)


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What is Beijing Capital Grand 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 Capital Grand's Net-Net Working Capital for the quarter that ended in Jun. 2024 was HK$-5.49.

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

HKSE:01329's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.705
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Beijing Capital Grand Net-Net Working Capital Historical Data

The historical data trend for Beijing Capital Grand'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 Capital Grand Net-Net Working Capital Chart

Beijing Capital Grand Annual Data
Trend Mar14 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 -5.18 -6.58 -7.41 -7.10 -5.85

Beijing Capital Grand Semi-Annual Data
Sep14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -7.25 -7.10 -7.34 -5.85 -5.49

Competitive Comparison of Beijing Capital Grand's Net-Net Working Capital

For the Real Estate - Diversified subindustry, Beijing Capital Grand'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 Capital Grand's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

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

* The bar in red indicates where Beijing Capital Grand's Price-to-Net-Net-Working-Capital falls into.



Beijing Capital Grand Net-Net Working Capital Calculation

Beijing Capital Grand'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)
=(1608.411+0.75 * 258.649+0.5 * 2344.255-14801.086
-9.739-59.931)/2034.47
=-5.85

Beijing Capital Grand's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1177.137+0.75 * 154.345+0.5 * 2191.662-14058.763
-9.586-61.329)/2140.12
=-5.49

* 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 Capital Grand  (HKSE:01329) 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 Capital Grand Net-Net Working Capital Related Terms

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Beijing Capital Grand Business Description

Traded in Other Exchanges
N/A
Address
No. 8 North 3rd Ring East Road, West Area, 7th Floor, Jing An Centre, Chaoyang District, Beijing, CHN
Beijing Capital Grand Ltd is a commercial property developer in China property market. It is engaged in the development of outlets-backed integrated property and non-outlets retail property projects in the PRC. The company segments namely Property development, Investment property development and operation, Sale of merchandise inventories, and other segments. The segment of Property development.
Executives
Kkr & Co. Inc. (formerly Known As Kkr Aubergine Inc.) 2201 Interest of corporation controlled by you
Kkr China Growth Fund L.p. 2201 Interest of corporation controlled by you
Kkr Cg Judo Outlets 2101 Beneficial owner
Kkr Cg Judo 2201 Interest of corporation controlled by you
Kkr Associates China Growth L.p. 2201 Interest of corporation controlled by you
Roberts George R. 2201 Interest of corporation controlled by you
Kravis Henry Roberts 2201 Interest of corporation controlled by you
Kkr Management Llp (formerly Known As Kkr Management Llc) 2201 Interest of corporation controlled by you
Kkr Group Partnership L.p. (formerly Known As Kkr Fund Holdings L.p.) 2201 Interest of corporation controlled by you
Kkr Group Holdings L.p. (formerly Known As Kkr Holdings L.p.) 2201 Interest of corporation controlled by you
Kkr Group Holdings Corp. 2201 Interest of corporation controlled by you
Kkr Group Co. Inc. (formerly Known As Kkr & Co. Inc.) 2201 Interest of corporation controlled by you
Kkr China Growth Limited 2201 Interest of corporation controlled by you
Bei Jing Shou Du Chuang Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Becl Investment Holding Limited 2101 Beneficial owner

Beijing Capital Grand Headlines

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