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Ping An Healthcare And Technology Co (HKSE:01833) Net-Net Working Capital : HK$8.90 (As of Dec. 2023)


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What is Ping An Healthcare And Technology 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.

Ping An Healthcare And Technology Co's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$8.90.

The industry rank for Ping An Healthcare And Technology Co's Net-Net Working Capital or its related term are showing as below:

HKSE:01833's Price-to-Net-Net-Working-Capital is ranked better than
92.77% of 166 companies
in the Healthcare Providers & Services industry
Industry Median: 7.155 vs HKSE:01833: 1.28

Ping An Healthcare And Technology Co Net-Net Working Capital Historical Data

The historical data trend for Ping An Healthcare And Technology 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.

Ping An Healthcare And Technology Co Net-Net Working Capital Chart

Ping An Healthcare And Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only 5.40 12.03 8.23 7.69 8.90

Ping An Healthcare And Technology Co Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 8.23 8.31 7.69 8.75 8.90

Competitive Comparison of Ping An Healthcare And Technology Co's Net-Net Working Capital

For the Health Information Services subindustry, Ping An Healthcare And Technology 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.


Ping An Healthcare And Technology Co's Price-to-Net-Net-Working-Capital Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ping An Healthcare And Technology Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Ping An Healthcare And Technology Co's Price-to-Net-Net-Working-Capital falls into.



Ping An Healthcare And Technology Co Net-Net Working Capital Calculation

Ping An Healthcare And Technology 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)
=(12410.567+0.75 * 1302.026+0.5 * 217.197-3558.123
-0--18.205)/1118.81
=8.90

Ping An Healthcare And Technology Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(12410.567+0.75 * 1302.026+0.5 * 217.197-3558.123
-0--18.205)/1118.81
=8.90

* 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.


Ping An Healthcare And Technology Co  (HKSE:01833) 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.


Ping An Healthcare And Technology Co Net-Net Working Capital Related Terms

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Ping An Healthcare And Technology Co (HKSE:01833) Business Description

Traded in Other Exchanges
Address
No. 166, Kaibin Road, Shanghai Ping An Building, 17th-19th Floor, Block B, Shanghai, CHN
Ping An Healthcare and Technology is the parent of Ping An Good Doctor, or PAGD, an online platform offering healthcare services in the form of a health maintenance organization, or HMO, model that provides commercial healthcare services and offers healthcare checkup, healthcare management, and corporate reimbursement for a fee. The company leverages the network of health providers from its parent Ping An Group, where it enters into contracts with physicians, hospitals, and specialists to offer their services to HMO participants. Other than commercial healthcare premium services, PAGD offers online consultations and prescription e-commerce online to individuals. The platform has 978 corporate clients and 43 million paying users. PAGD is 38.43% owned by its parent company.
Executives
Sounda Properties Limited 2201 Interest of corporation controlled by you
Hopson Development Holdings Limited 2201 Interest of corporation controlled by you
Chu Mang Yee 2201 Interest of corporation controlled by you
Hsbc Holdings Plc 2302 Custodian
Morgan Stanley 2201 Interest of corporation controlled by you
Dou Wenwei 2201 Interest of corporation controlled by you
Wang Wenjun 2201 Interest of corporation controlled by you
Bang Qi Jian You Xian Gong Si 2101 Beneficial owner
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
An Ke Ji Shu You Xian Gong Si 2201 Interest of corporation controlled by you
An Xin You Xian Gong Si 2101 Beneficial owner

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