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ABV Consulting (ABV Consulting) Net-Net Working Capital : $-0.06 (As of Sep. 2021)


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What is ABV Consulting 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.

ABV Consulting's Net-Net Working Capital for the quarter that ended in Sep. 2021 was $-0.06.

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

ABVN's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.8
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

ABV Consulting Net-Net Working Capital Historical Data

The historical data trend for ABV Consulting'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.

ABV Consulting Net-Net Working Capital Chart

ABV Consulting Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Net-Net Working Capital
Get a 7-Day Free Trial - -0.03 -0.04 -0.06 -0.06

ABV Consulting Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 -0.06 -0.06 -0.06 -0.06 -0.06

Competitive Comparison of ABV Consulting's Net-Net Working Capital

For the Shell Companies subindustry, ABV Consulting'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.


ABV Consulting's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ABV Consulting's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



ABV Consulting Net-Net Working Capital Calculation

ABV Consulting's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2020 is calculated as

Net-Net Working Capital(A: Dec. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.003+0.75 * 0+0.5 * 0-0.345
-0-0)/5.533
=-0.06

ABV Consulting's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2021 is calculated as

Net-Net Working Capital(Q: Sep. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.004+0.75 * 0+0.5 * 0-0.363
-0-0)/5.533
=-0.06

* 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.


ABV Consulting  (OTCPK:ABVN) 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.


ABV Consulting Net-Net Working Capital Related Terms

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ABV Consulting (ABV Consulting) Business Description

Traded in Other Exchanges
N/A
Address
39 Chatham Road South, Unit 1101-1102, 11/F, Railway Plaza, TsimShaTsui, Kowloon, HKG
ABV Consulting Inc is a shell company.
Executives
Kang Min Global Holdings Ltd 10 percent owner UNIT A2, 25/F, BLOCK A, TML TOWER 3 HOI SHING ROAD TSUEN WAN K3 00000

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