East Coast Furnitech PCL (BKK:ECF-R) Net-Net Working Capital: ฿-2.08 (As of Sep. 2025)


What is East Coast Furnitech PCL Net-Net Working Capital?

East Coast Furnitech PCL BKK:ECF-R Net-Net Working Capital is ฿-2.08 as of Sep. 2025. The stock has 6 warning signs investors should review. Among 175 Furnishings, Fixtures & Appliances companies, East Coast Furnitech PCL ranks worse than 571428% on this metric.

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.

East Coast Furnitech PCL's Net-Net Working Capital for the quarter that ended in Sep. 2025 was ฿-2.08.

The industry rank for East Coast Furnitech PCL's Net-Net Working Capital or its related term are showing as below:

BKK:ECF-R's Price-to-Net-Net-Working-Capital is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 6.55
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

East Coast Furnitech PCL  (BKK:ECF-R) 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.


East Coast Furnitech PCL Net-Net Working Capital Related Terms


East Coast Furnitech PCL Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for East Coast Furnitech PCL'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.

East Coast Furnitech PCL Net-Net Working Capital Chart

East Coast Furnitech PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.58 -4.31 -4.65 -5.67 -6.29

East Coast Furnitech PCL Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 -6.08 -6.29 -6.34 -6.39 -2.08

BKK:ECF-R vs SN, SGI, MHK: Net-Net Working Capital Comparison

For the Furnishings, Fixtures & Appliances subindustry, East Coast Furnitech PCL'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.


East Coast Furnitech PCL Price-to-Net-Net-Working-Capital vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, East Coast Furnitech PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where East Coast Furnitech PCL's Price-to-Net-Net-Working-Capital falls into.



East Coast Furnitech PCL Net-Net Working Capital Calculation

East Coast Furnitech PCL'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)
=(5.759+0.75 * 333.511+0.5 * 1164.613-2936.409
-0--5.683)/332.452
=-6.29

East Coast Furnitech PCL's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2025 is calculated as

Net-Net Working Capital(Q: Sep. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.921+0.75 * 105.053+0.5 * 988.299-2767.134
-0--6.255)/1049.481
=-2.08

* 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.

What does a Net-Net Working Capital of ฿-2.08 mean?
East Coast Furnitech PCL (BKK:ECF-R) has a Net-Net Working Capital of ฿-2.08 as of Sep. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on East Coast Furnitech PCL According to the industry distribution chart, East Coast Furnitech PCL ranks #999999 out of 175 companies in the Furnishings, Fixtures & Appliances industry.
Is East Coast Furnitech PCL's Net-Net Working Capital too high?
East Coast Furnitech PCL's current Net-Net Working Capital is ฿-2.08. Based on the distribution chart, East Coast Furnitech PCL ranks #999999 out of 175 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers.
How does East Coast Furnitech PCL's Net-Net Working Capital compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, East Coast Furnitech PCL ranks #999999 out of 175 companies for Net-Net Working Capital. This places East Coast Furnitech PCL in the lower half of its industry. The industry median Net-Net Working Capital is 6.55. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Furnishings, Fixtures & Appliances company?
The median Net-Net Working Capital among Furnishings, Fixtures & Appliances companies is 6.55, based on 175 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on East Coast Furnitech PCL For the Furnishings, Fixtures & Appliances industry, the median Net-Net Working Capital is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. East Coast Furnitech PCL's current Net-Net Working Capital is ฿-2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East Coast Furnitech PCL stock overvalued right now?
East Coast Furnitech PCL (BKK:ECF-R) has a current Net-Net Working Capital of ฿-2.08. The stock's GF Value™ is ฿0.59, compared to a current price of ฿0.06 — trading 89.8% below its estimated fair value. The current Net-Net Working Capital is ฿-2.08. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For East Coast Furnitech PCL (BKK:ECF-R), the current Net-Net Working Capital is ฿-2.08 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

East Coast Furnitech PCL Business Description

Other Exchanges ECF:Thailand
Address 37/9 Moo 10 Banbung-Klaeng Road, Tambon Tangkwian, Amphur Klaeng, Rayong, THA, 21110
East Coast Furnitech PCL is engaged in manufacturing and sales of self-assembled furniture made from particle board, rubber wood furniture, dried sawn lumbers, laminating papers, and furniture-decorating supplies for domestic and international markets.. The company operates in two business segments which include Wood furniture and particle boards( rubber wood furniture and particle board furniture) and Other segments (laminating papers, dried sawn lumbers, furniture-decorating supplies, dealer on furniture business, renewable energy business operated by associate and identity verification services of a new associate). Key revenue is generated from Wood furniture and particle boards segment.