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Beijing SDL Technology Co (SZSE:002658) Net-Net Working Capital : ¥2.54 (As of Mar. 2024)


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What is Beijing SDL 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.

Beijing SDL Technology Co's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ¥2.54.

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

SZSE:002658's Price-to-Net-Net-Working-Capital is ranked better than
84.1% of 1220 companies
in the Hardware industry
Industry Median: 6.765 vs SZSE:002658: 2.42

Beijing SDL Technology Co Net-Net Working Capital Historical Data

The historical data trend for Beijing SDL 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.

Beijing SDL Technology Co Net-Net Working Capital Chart

Beijing SDL Technology Co Annual Data
Trend Dec14 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 1.77 1.91 2.26 2.49 2.62

Beijing SDL Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.55 2.28 2.28 2.62 2.54

Competitive Comparison of Beijing SDL Technology Co's Net-Net Working Capital

For the Scientific & Technical Instruments subindustry, Beijing SDL 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.


Beijing SDL Technology Co's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Beijing SDL Technology Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Beijing SDL Technology Co Net-Net Working Capital Calculation

Beijing SDL 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)
=(1472.633+0.75 * 612.07+0.5 * 458.39-485.97
-0-6.291)/635.761
=2.62

Beijing SDL Technology Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1391.511+0.75 * 541.854+0.5 * 475.074-416.743
-0-3.677)/635.761
=2.54

* 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 SDL Technology Co  (SZSE:002658) 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 SDL Technology Co Net-Net Working Capital Related Terms

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Beijing SDL Technology Co (SZSE:002658) Business Description

Traded in Other Exchanges
N/A
Address
No.3, Hi-tech 3 street, Beijing International Information Industry Base, Huilongguan, Changping district, Beijing, CHN
Beijing SDL Technology Co Ltd is an environmental monitoring corporation in China. The company is organized around five major business areas: environmental monitoring, intelligent environmental information systems, environmental solutions, process analytics, and third-party testing, maintenance, and service. The company also provide customers with tailor-made integrated solutions for continuous monitoring, automatic control, operation, and maintenance. The company's products are widely used for emissions and air quality monitoring and process analytical solutions in governmental programs and various industries including environmental, power, cement, iron and steel, air separation, and petrochemical.

Beijing SDL Technology Co (SZSE:002658) Headlines

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