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Origin Agritech (Origin Agritech) Net-Net Working Capital : $-6.06 (As of Sep. 2023)


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What is Origin Agritech 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.

Origin Agritech's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $-6.06.

The industry rank for Origin Agritech's Net-Net Working Capital or its related term are showing as below:

SEED's Price-to-Net-Net-Working-Capital is not ranked *
in the Agriculture industry.
Industry Median: 7.16
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Origin Agritech Net-Net Working Capital Historical Data

The historical data trend for Origin Agritech'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.

Origin Agritech Net-Net Working Capital Chart

Origin Agritech Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.76 -8.07 -6.59 -5.96 -6.06

Origin Agritech Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 -6.59 -6.15 -5.96 -5.11 -6.06

Competitive Comparison of Origin Agritech's Net-Net Working Capital

For the Agricultural Inputs subindustry, Origin Agritech'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.


Origin Agritech's Price-to-Net-Net-Working-Capital Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Origin Agritech's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Origin Agritech's Price-to-Net-Net-Working-Capital falls into.



Origin Agritech Net-Net Working Capital Calculation

Origin Agritech's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2023 is calculated as

Net-Net Working Capital(A: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.249+0.75 * 0.115+0.5 * 1.787-43.816
-0--3.27)/5.9906
=-6.06

Origin Agritech's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.249+0.75 * 0.115+0.5 * 1.787-43.816
-0--3.27)/5.9906
=-6.06

* 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.


Origin Agritech  (NAS:SEED) 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.


Origin Agritech Net-Net Working Capital Related Terms

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Origin Agritech (Origin Agritech) Business Description

Traded in Other Exchanges
Address
No. 21 Sheng Ming Yuan Road, Changping District, Beijing, CHN, 102206
Origin Agritech Ltd is a Chinese agricultural technology company. In crop seed biotechnologies, the company's phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China's Ministry of Agriculture. Origin has established a robust biotechnology seed pipeline including products with glyphosate tolerance and pest resistance (Bt) traits.
Executives
Jeff Feinberg 10 percent owner 20600 NORTHRIDGE ROAD, CHATSWORTH CA 91311
Steven Urbach director C/O CHARDAN CAPITAL MARKETS, LLC, 17 STATE STREET, SUITE 2575, NEW YORK NY 10004
Michael D Chermak director
Gengchen Han director, officer: Chairman of the Board and CEO 21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206
Bailiang Zhang director 95 WENHUA RD., HENAN AGRICULTURAL UNIVERSITY, ZHENGZHOU F4 450002
Dafang Huang director BIOTECHNOLOGY RESEARCH INSTITUTE, 12 ZHONGGUANCUN SOUTH AVE., BEIJING F4 100081
Remo Richli director IM NEUHOF 28, EMMENBRUCKE V8 6020
Richard D Propper officer: VP for Corporate Development
Kerry Propper director CHARDAN CHINA ACQUISITION CORP, 777 SOUTH HIGHWAY 101, SOLANA BEACH CA 92075
Yasheng Yang director, officer: President, Treasurer, COO 21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206
Liang Yuan director, officer: Executive Vice Chairman 21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206