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Zijin Gold International CoFRA:6LU -0.82%31 Net-Net Working Capital is €-0.02 as of Dec. 2025. GuruFocus rates FRA:6LU with a GF Score™ of 31/100. The stock has 1 warning sign investors should review. Among 1,135 Metals & Mining companies, Zijin Gold International Co ranks worse than 88105.64% 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.
The industry rank for Zijin Gold International Co's Net-Net Working Capital or its related term are showing as below:
FRA:6LU's Price-to-Net-Net-Working-Capital is not ranked *
in the Metals & Mining industry.
Industry Median: 7 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Zijin Gold International Co (FRA:6LU) 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.
Zijin Gold International Co Net-Net Working Capital Related Terms
Zijin Gold International Co 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.
Zijin Gold International Co Net-Net Working Capital Chart
FRA:6LU vs NEM, AU: Net-Net Working Capital Comparison
For the Gold subindustry, Zijin Gold International Co'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.
Zijin Gold International Co Price-to-Net-Net-Working-Capital vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zijin Gold International Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Zijin Gold International Co'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 €-0.02 mean?
Zijin Gold International Co (FRA:6LU) has a Net-Net Working Capital of €-0.02 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 Zijin Gold International Co According to the industry distribution chart, Zijin Gold International Co ranks #999999 out of 1135 companies in the Metals & Mining industry.
Is Zijin Gold International Co's Net-Net Working Capital too high?
Zijin Gold International Co's current Net-Net Working Capital is €-0.02. Based on the distribution chart, Zijin Gold International Co ranks #999999 out of 1135 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Zijin Gold International Co has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Zijin Gold International Co's Net-Net Working Capital compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Zijin Gold International Co ranks #999999 out of 1135 companies for Net-Net Working Capital. This places Zijin Gold International Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.00. 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 Metals & Mining company?
The median Net-Net Working Capital among Metals & Mining companies is 7.00, based on 1,135 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 Zijin Gold International Co For the Metals & Mining industry, the median Net-Net Working Capital is 7.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zijin Gold International Co's current Net-Net Working Capital is €-0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zijin Gold International Co stock overvalued right now?
Zijin Gold International Co (FRA:6LU) has a current Net-Net Working Capital of €-0.02. The current Net-Net Working Capital is €-0.02. Zijin Gold International Co's overall GF Score™ is 31/100 with 1 warning sign 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 Zijin Gold International Co (FRA:6LU), the current Net-Net Working Capital is €-0.02 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.
Zijin Gold International Co Ltd is an international gold mining and development company, principally engaged in the exploration, mining, processing, smelting, and sale of gold. Its principal products include gold bullion, gold dore, and gold concentrates, with key operations located outside Mainland China. The company holds interests in several gold mines across key mineralisation belts in South America, Oceania, Central Asia, and Africa, such as the Taldybulak Levoberezhny Gold Mine in Kyrgyzstan, Raygorodok Gold Mine in Kazakhstan, Jilau and Taror Gold Mines in Tajikistan, Porgera Gold Mine in Papua New Guinea, and Norton Gold Fields in Australia, among others. Geographically, it derives maximum revenue from Colombia, followed by Suriname, Australia, Tajikistan, and other countries.
31GF Score
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