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Hunan Resun Co (SZSE:001218) Net-Net Working Capital : ¥3.99 (As of Mar. 2025)


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What is Hunan Resun 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.

Hunan Resun Co's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ¥3.99.

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

SZSE:001218's Price-to-Net-Net-Working-Capital is ranked better than
63.8% of 616 companies
in the Consumer Packaged Goods industry
Industry Median: 6.805 vs SZSE:001218: 4.58

Hunan Resun Co Net-Net Working Capital Historical Data

The historical data trend for Hunan Resun 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.

Hunan Resun Co Net-Net Working Capital Chart

Hunan Resun Co Annual Data
Trend Dec14 Dec15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.82 6.71 6.14 3.19 4.65

Hunan Resun Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5.04 4.92 4.60 4.65 3.99

Competitive Comparison of Hunan Resun Co's Net-Net Working Capital

For the Household & Personal Products subindustry, Hunan Resun 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.


Hunan Resun Co's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hunan Resun Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Hunan Resun Co's Price-to-Net-Net-Working-Capital falls into.


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Hunan Resun Co Net-Net Working Capital Calculation

Hunan Resun Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(742.792+0.75 * 397.496+0.5 * 446.966-658.427
-0-0)/130.178
=4.65

Hunan Resun Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(628.058+0.75 * 419.503+0.5 * 470.568-659.161
-0-0)/130.178
=3.99

* 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.


Hunan Resun Co  (SZSE:001218) 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.


Hunan Resun Co Net-Net Working Capital Related Terms

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Hunan Resun Co Business Description

Traded in Other Exchanges
N/A
Address
No. 399, Shetang Road, Quantang Street, Changsha Economic and Technological Development Zone, Hunan Province, Changsha, CHN, 410100
Hunan Resun Co Ltd is engaged in the research and development, production, and sales of surfactants and detergents. The surfactant products produced and sold by the company include AES, LAS, K12, ammonium salts, AOS, alkanolamides, amino acids, and other series; and the detergent products include washing powder, liquid detergent, hotel detergents, etc. The detergent products include two models: own-brand production and operation and OEM. The own brands include Matou, Guanghui, Beihua, etc., and the brands involved in the OEM model include Tide, White Cat, and others. Maximum revenue for the company is generated from its surfactants business.
Executives
Zhang Li Xiang Supervisors

Hunan Resun Co Headlines

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