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Antelope Enterprise Holdings (Antelope Enterprise Holdings) Net-Net Working Capital : $-17.18 (As of Dec. 2022)


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What is Antelope Enterprise 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.

Antelope Enterprise Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2022 was $-17.18.

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

AEHL's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.47
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Antelope Enterprise Holdings Net-Net Working Capital Historical Data

The historical data trend for Antelope Enterprise 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.

Antelope Enterprise Holdings Net-Net Working Capital Chart

Antelope Enterprise Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 115.01 78.58 -5.61 -11.76 -17.18

Antelope Enterprise Holdings Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 -5.22 -11.76 -15.87 -17.18 -

Competitive Comparison of Antelope Enterprise Holdings's Net-Net Working Capital

For the Building Products & Equipment subindustry, Antelope Enterprise 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.


Antelope Enterprise Holdings's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Antelope Enterprise Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Antelope Enterprise Holdings Net-Net Working Capital Calculation

Antelope Enterprise Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.787+0.75 * 0+0.5 * 0-14.852
-0-0.777)/0.80552
=-17.18

Antelope Enterprise Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2022 is calculated as

Net-Net Working Capital(Q: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.787+0.75 * 0+0.5 * 0-14.852
-0-0.777)/0.80552
=-17.18

* 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.


Antelope Enterprise Holdings  (NAS:AEHL) 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.


Antelope Enterprise Holdings Net-Net Working Capital Related Terms

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Antelope Enterprise Holdings (Antelope Enterprise Holdings) Business Description

Traded in Other Exchanges
N/A
Address
Zhonghai International Center, Room 1802, Block D, Hi-Tech Zone, Sichuan Province, Chengdu, CHN
Antelope Enterprise Holdings Ltd is a manufacturer of ceramic tiles in China. Its ceramic tiles are used for exterior siding, interior flooring, and design in residential and commercial buildings. The company's products are Porcelain, Glazed, Glazed porcelain, Rustic, and Ultra-thin tiles which are sold under the Hengda or HD brand, the Hengdeli or HDL brand, TOERTO, WULIQIAO, and Pottery Capital of Tang Dynasty brands. It also provides business management consulting, information system technology consulting services including the sales of software use rights for digital data deposit platforms and asset management systems, and online social media platform development and consulting.
Executives
Nisswa Acquisition Master Fund Ltd. other: no longer 10% owner C/O MAPLES CORPORATE SVCS LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Pine River Capital Management L.p. other: no longer 10% owner 601 CARLSON PARKWAY, 7TH FLOOR, MINNETONKA MN 55305
Brian Taylor other: no longer 10% owner C/O PINE RIVER CAPITAL MANAGEMENT, 601 CARLSON PARKWAY, 7TH FLOOR, MINNETONKA MN 55305