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Youku Tudou (Youku Tudou) Net-Net Working Capital : $3.52 (As of Sep. 2015)


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What is Youku Tudou 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.

Youku Tudou's Net-Net Working Capital for the quarter that ended in Sep. 2015 was $3.52.

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

YOKU's Price-to-Net-Net-Working-Capital is not ranked *
in the Interactive Media industry.
Industry Median: 5.48
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Youku Tudou Net-Net Working Capital Historical Data

The historical data trend for Youku Tudou'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.

Youku Tudou Net-Net Working Capital Chart

Youku Tudou Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Net-Net Working Capital
Get a 7-Day Free Trial 2.42 4.88 2.97 2.58 5.14

Youku Tudou Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 5.99 5.14 3.86 3.35 3.52

Competitive Comparison of Youku Tudou's Net-Net Working Capital

For the Internet Content & Information subindustry, Youku Tudou'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.


Youku Tudou's Price-to-Net-Net-Working-Capital Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Youku Tudou's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Youku Tudou Net-Net Working Capital Calculation

Youku Tudou's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2014 is calculated as

Net-Net Working Capital(A: Dec. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1267.159+0.75 * 277.892+0.5 * 0-482.75
-0-0)/193.331
=5.14

Youku Tudou's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2015 is calculated as

Net-Net Working Capital(Q: Sep. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1045.016+0.75 * 363.701+0.5 * 0-628.034
-0-0.15)/195.656
=3.52

* 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.


Youku Tudou  (NYSE:YOKU) 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.


Youku Tudou Net-Net Working Capital Related Terms

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Youku Tudou (Youku Tudou) Business Description

Traded in Other Exchanges
N/A
Address
Youku Tudou Inc was incorporated under the laws of the Cayman Islands on September 20, 2005. It is an Internet television company in China. Its internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices. The Company provides online video content library, consisting of professionally produced content including television programs and movies, and, to a lesser extent, user-generated content and in-house productions. As of December 31, 2013, it licensed more than 5,900 movie titles, 2,200 television serial drama titles and over 800 variety shows. It offered approximately 1,447, 347 and 220 episodes of television serial dramas produced in mainland China, Hong Kong and Taiwan, and Korea, respectively, as of December 31, 2013. The Company competes with other online video providers in China, such as iQiyi.com, and large Chinese Internet portals that provide online video product, such as SINA, Tencent and Sohu.

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