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CBEDF (China Taifeng Beddings Holdings) Net-Net Working Capital : $0.20 (As of Jun. 2014)


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What is China Taifeng Beddings Holdings 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.

China Taifeng Beddings Holdings's Net-Net Working Capital for the quarter that ended in Jun. 2014 was $0.20.

The industry rank for China Taifeng Beddings Holdings's Net-Net Working Capital or its related term are showing as below:

CBEDF's Price-to-Net-Net-Working-Capital is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 6.32 vs CBEDF: 1.50

China Taifeng Beddings Holdings Net-Net Working Capital Historical Data

The historical data trend for China Taifeng Beddings Holdings'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.

China Taifeng Beddings Holdings Net-Net Working Capital Chart

China Taifeng Beddings Holdings Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Net-Net Working Capital
Get a 7-Day Free Trial -0.03 0.09 0.12 0.11 0.09

China Taifeng Beddings Holdings Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.15 0.11 0.21 0.09 0.20

Competitive Comparison of China Taifeng Beddings Holdings's Net-Net Working Capital

For the Textile Manufacturing subindustry, China Taifeng Beddings Holdings'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.


China Taifeng Beddings Holdings's Price-to-Net-Net-Working-Capital Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Taifeng Beddings Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where China Taifeng Beddings Holdings's Price-to-Net-Net-Working-Capital falls into.



China Taifeng Beddings Holdings Net-Net Working Capital Calculation

China Taifeng Beddings Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2013 is calculated as

Net-Net Working Capital(A: Dec. 2013 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(237.593+0.75 * 69.135+0.5 * 11.813-201.111
-0-0)/1000
=0.09

China Taifeng Beddings Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2014 is calculated as

Net-Net Working Capital(Q: Jun. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(306.823+0.75 * 122.967+0.5 * 12.978-202.05
-0-0)/1000
=0.20

* 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.


China Taifeng Beddings Holdings  (OTCPK:CBEDF) 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.


China Taifeng Beddings Holdings Net-Net Working Capital Related Terms

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China Taifeng Beddings Holdings Business Description

Traded in Other Exchanges
N/A
Address
China Taifeng Beddings Holdings Ltd along with its subsidiaries is engaged in the manufacturing and distribution of cotton yarns and bedding products in China. The Manufacture and Distribution of Cotton Yarns segment are engaged in the manufacture of cotton yarns tailored to the requirements of customers, as well as the distribution of the cotton yarns to textile manufacturers in domestic and overseas markets. The Manufacture and Distribution of Bedding Products segment are engaged in the manufacture and distribution of bed covers, flat sheets, pillowcases, bed sheets, quilt covers and other bedding products. Its products are sold under TAIFENG brand in China market or sold to overseas original equipment manufacturer customers under their international brands.

China Taifeng Beddings Holdings Headlines

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