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Prosper One International Holdings Co (HKSE:01470) Net-Net Working Capital : HK$-0.14 (As of Oct. 2023)


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What is Prosper One International Holdings 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.

Prosper One International Holdings Co's Net-Net Working Capital for the quarter that ended in Oct. 2023 was HK$-0.14.

The industry rank for Prosper One International Holdings Co's Net-Net Working Capital or its related term are showing as below:

HKSE:01470's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Cyclical industry.
Industry Median: 6.165
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Prosper One International Holdings Co Net-Net Working Capital Historical Data

The historical data trend for Prosper One International Holdings 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.

Prosper One International Holdings Co Net-Net Working Capital Chart

Prosper One International Holdings Co Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.13 -0.16 -0.17 -0.07 -0.07

Prosper One International Holdings Co Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 -0.17 -0.07 -0.05 -0.07 -0.14

Competitive Comparison of Prosper One International Holdings Co's Net-Net Working Capital

For the Luxury Goods subindustry, Prosper One International Holdings 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.


Prosper One International Holdings Co's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Prosper One International Holdings Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Prosper One International Holdings Co's Price-to-Net-Net-Working-Capital falls into.



Prosper One International Holdings Co Net-Net Working Capital Calculation

Prosper One International Holdings Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Apr. 2023 is calculated as

Net-Net Working Capital(A: Apr. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(126.19+0.75 * 0+0.5 * 1.586-184.744
-0-0)/800
=-0.07

Prosper One International Holdings Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2023 is calculated as

Net-Net Working Capital(Q: Oct. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(169.963+0.75 * 0.441+0.5 * 5.883-285.139
-0-0)/800
=-0.14

* 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.


Prosper One International Holdings Co  (HKSE:01470) 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.


Prosper One International Holdings Co Net-Net Working Capital Related Terms

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Prosper One International Holdings Co (HKSE:01470) Business Description

Traded in Other Exchanges
N/A
Address
151 Gloucester Road, Room 1403, 14th Floor, Capital Centre, Wanchai, Hong Kong, HKG
Prosper One International Holdings Co Ltd and its subsidiaries are engaged in the retail of mid-end watches in Hong Kong. It offers a wide range of branded mid-end watches with diverse design, style and functionality for business and casual uses, mainly targeting mid-income consumers and tourists. The company operates through three segments which include Retail business of watches, Wholesalers business of watches, and Trading of fertilisers and other products, with maximum revenue from Retail segment. Goegraphically, the company operates in the People's Republic of China and Hong Kong, with maximum revenue from Hong Kong.

Prosper One International Holdings Co (HKSE:01470) Headlines

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