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 Resources Building Materials Technology Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $-0.48.
The industry rank for China Resources Building Materials Technology Holdings's Net-Net Working Capital or its related term are showing as below:
CJRCF's Price-to-Net-Net-Working-Capital is not ranked *
in the Building Materials industry.
Industry Median: 8.67 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
China Resources Building Materials Technology Holdings Net-Net Working Capital Historical Data
The historical data trend for China Resources Building Materials Technology 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 Resources Building Materials Technology Holdings Annual Data
For the Building Materials subindustry, China Resources Building Materials Technology 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 Resources Building Materials Technology Holdings Price-to-Net-Net-Working-Capital Distribution
For the Building Materials industry and Basic Materials sector, China Resources Building Materials Technology Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where China Resources Building Materials Technology Holdings's Price-to-Net-Net-Working-Capital falls into.
China Resources Building Materials Technology Holdings Net-Net Working Capital Calculation
China Resources Building Materials Technology Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as
China Resources Building Materials Technology Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as
* 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 Resources Building Materials Technology Holdings (OTCPK:CJRCF) 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 Resources Building Materials Technology Holdings Net-Net Working Capital Related Terms
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China Resources Building Materials Technology Holdings (China Resources Building Materials Technology Holdings) Business Description
China Resources Building Materials Technology Holdings Ltd formerly China Resources Cement Holdings Ltd is a cement and concrete producer in Southern China. Its operations range from the excavation of limestone to the production, sale, and distribution of cement, clinker, and concrete. The company's segments are Cement and Concrete of which its majority revenue is derived from the manufacture and sale of cement products. The group products are mainly used in the construction of infrastructure projects such as railways, highways, subways, bridges, airports, ports, dams, hydroelectric power stations, and nuclear power stations, as well as the construction of high-rise buildings and the development of suburban and rural areas. Geographically, the majority is derived from Guangdong.
China Resources Building Materials Technology Holdings (China Resources Building Materials Technology Holdings) Headlines
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