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China U-Ton Future Space Industrial Group Holdings (HKSE:06168) Net-Net Working Capital : HK$-0.32 (As of Jun. 2022)


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What is China U-Ton Future Space Industrial Group 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.

China U-Ton Future Space Industrial Group Holdings's Net-Net Working Capital for the quarter that ended in Jun. 2022 was HK$-0.32.

The industry rank for China U-Ton Future Space Industrial Group Holdings's Net-Net Working Capital or its related term are showing as below:

HKSE:06168's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 6.86
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

China U-Ton Future Space Industrial Group Holdings Net-Net Working Capital Historical Data

The historical data trend for China U-Ton Future Space Industrial Group 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.

China U-Ton Future Space Industrial Group Holdings Net-Net Working Capital Chart

China U-Ton Future Space Industrial Group Holdings Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.49 -0.41 -0.26 -0.26 -0.32

China U-Ton Future Space Industrial Group Holdings Semi-Annual Data
Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
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 -0.27 -0.26 - -0.32 -0.32

Competitive Comparison of China U-Ton Future Space Industrial Group Holdings's Net-Net Working Capital

For the Communication Equipment subindustry, China U-Ton Future Space Industrial Group 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.


China U-Ton Future Space Industrial Group Holdings's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, China U-Ton Future Space Industrial Group Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where China U-Ton Future Space Industrial Group Holdings's Price-to-Net-Net-Working-Capital falls into.



China U-Ton Future Space Industrial Group Holdings Net-Net Working Capital Calculation

China U-Ton Future Space Industrial Group Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(19.157+0.75 * 44.457+0.5 * 1.506-977.456
-0--16.884)/2859.94
=-0.32

China U-Ton Future Space Industrial Group Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2022 is calculated as

Net-Net Working Capital(Q: Jun. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(24.504+0.75 * 58.734+0.5 * 1.898-1006.679
-0--13.981)/2859.94
=-0.32

* 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.


China U-Ton Future Space Industrial Group Holdings  (HKSE:06168) 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.


China U-Ton Future Space Industrial Group Holdings Net-Net Working Capital Related Terms

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China U-Ton Future Space Industrial Group Holdings (HKSE:06168) Business Description

Traded in Other Exchanges
N/A
Address
Unit B, 28 Yee Wo Street, 12th Floor, Hang Seng Causeway Bay Building, Causeway Bay, HKG
China U-Ton Future Space Industrial Group Holdings Ltd is engaged in providing deployment services of optical fibers. The principal activities of the Group are the provision of design, deployment and maintenance of optical fibers services, other communication networks services, environmentally intelligent technical products and services, and moneylending services. It utilizes its proprietary micro-ducts and micro-cables system deployment technology to provide optical fiber network construction and capacity expansion services. The company's generates maximum revenue share from the People's Republic of China (PRC).
Executives
Qian Tiwei 2201 Interest of corporation controlled by you
Great Sharp International Limited 2106 Person having a security interest in shares
Liu Xuezhong 2101 Beneficial owner
Li Yuelan 2201 Interest of corporation controlled by you
China Fund Limited 2101 Beneficial owner
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Fresh Idea Ventures Limited 2106 Person having a security interest in shares
Huarong International Financial Holdings Limited 2201 Interest of corporation controlled by you
Bei Jing Xing Yun Chuang Ye Tou Zi You Xian Gong Si 2101 Beneficial owner
Guo Aru
Jiang Changqing
Bright Warm Limited
Bei Jing Xing Yun Qing Ke Tou Zi Zhong Xin You Xian He Huo 2201 Interest of corporation controlled by you
Bei Jing Xing Ji Cheng Shi Wen Hua Chuan Mei You Xian Gong Si 2201 Interest of corporation controlled by you
Bei Jing Shi Zhong Xiao Qi Ye Fu Wu Zhong Xin 2201 Interest of corporation controlled by you

China U-Ton Future Space Industrial Group Holdings (HKSE:06168) Headlines

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