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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.
ChowChow Cloud International Holdings (AMEX:CHOW) 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.
ChowChow Cloud International Holdings Net-Net Working Capital Related Terms
ChowChow Cloud International Holdings Net-Net Working Capital Historical Data
* 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.
ChowChow Cloud International Holdings Net-Net Working Capital Chart
ChowChow Cloud International Holdings Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net-Net Working Capital
-0.01
-0.07
-0.04
0.10
ChowChow Cloud International Holdings Semi-Annual Data
CHOW vs AUID, AIFA, YYAI: Net-Net Working Capital Comparison
For the Software - Infrastructure subindustry, ChowChow Cloud International 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.
ChowChow Cloud International Holdings Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, ChowChow Cloud International Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where ChowChow Cloud International Holdings's Price-to-Net-Net-Working-Capital falls into.
* 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 $0.10 mean?
ChowChow Cloud International Holdings (CHOW) has a Net-Net Working Capital of $0.10 as of Dec. 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 ChowChow Cloud International Holdings According to the industry distribution chart, ChowChow Cloud International Holdings ranks #316 out of 1206 companies in the Software industry, placing it in the top 26.2%.
Is ChowChow Cloud International Holdings' Net-Net Working Capital too high?
ChowChow Cloud International Holdings' current Net-Net Working Capital is $0.10. The Software industry median Net-Net Working Capital is 7.20. ChowChow Cloud International Holdings' value of $0.10 is 98.6% below this industry median. Based on the distribution chart, ChowChow Cloud International Holdings ranks #316 out of 1206 companies in the Software industry, which is above the industry midpoint. Overall, ChowChow Cloud International Holdings has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does ChowChow Cloud International Holdings' Net-Net Working Capital compare to AUID and AIFA?
According to the Software industry distribution chart, ChowChow Cloud International Holdings ranks #316 out of 1206 companies for Net-Net Working Capital. This puts ChowChow Cloud International Holdings in the upper half of its industry. The industry median Net-Net Working Capital is 7.20. ChowChow Cloud International Holdings' value of $0.10 is 98.6% below this benchmark. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.20, based on 1,206 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. ChowChow Cloud International Holdings's current Net-Net Working Capital of $0.10 is 98.6% below the industry median. 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 ChowChow Cloud International Holdings For the Software industry, the median Net-Net Working Capital is 7.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ChowChow Cloud International Holdings's current Net-Net Working Capital is $0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ChowChow Cloud International Holdings stock overvalued right now?
ChowChow Cloud International Holdings (CHOW) has a current Net-Net Working Capital of $0.10. The current Net-Net Working Capital is $0.10 and 98.6% below the Software industry median of 7.20. ChowChow Cloud International Holdings' overall GF Score™ is 21/100 with 4 warning signs to review. 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 ChowChow Cloud International Holdings (CHOW), the current Net-Net Working Capital is $0.10 as of Dec. 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.
ChowChow Cloud International Holdings Ltd provides one-stop cloud solutions that support companies across the IT industry value chain throughout their entire cloud transformation journey, from consulting, deployment, and migration to cloud environment building and management. Its business comprises (i) digital transformation consulting services consisting of cloud suitability assessment, (ii) professional IT services comprising capabilities designed to facilitate seamless cloud integration and digital transformation, (iii) AI-powered proactive cloud managed services covering all aspects of day-to-day cloud maintenance and support, and (iv) IT infrastructure solutions covering on-premise private cloud setups and public cloud integrations, including infrastructure applications.
21GF Score
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