Golden Heaven Group Holdings (Golden Heaven Group Holdings) Net-Net Working Capital : $-0.40 (As of Sep. 2023)

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What is Golden Heaven Group 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.

Golden Heaven Group Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $-0.40.

The industry rank for Golden Heaven Group Holdings's Net-Net Working Capital or its related term are showing as below:

GDHG's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 7.785
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Golden Heaven Group Holdings Net-Net Working Capital Historical Data

The historical data trend for Golden Heaven Group 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.

Golden Heaven Group Holdings Net-Net Working Capital Chart

Golden Heaven Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Net-Net Working Capital

-0.40

-0.37

-0.02

-0.40

Golden Heaven Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Net-Net Working Capital	Get a 7-Day Free Trial			-0.37	-0.25	-0.02	0.12	-0.40

Competitive Comparison of Golden Heaven Group Holdings's Net-Net Working Capital

For the Leisure subindustry, Golden Heaven Group 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.

Golden Heaven Group Holdings's Price-to-Net-Net-Working-Capital Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Golden Heaven Group Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Golden Heaven Group Holdings's Price-to-Net-Net-Working-Capital falls into.

Golden Heaven Group Holdings Net-Net Working Capital Calculation

Golden Heaven Group Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2023 is calculated as

	Net-Net Working Capital		(A: Sep. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.246	+	0.75 * 0	+	0.5 * 0	-	21.177
-	0	-	0)	/	51.75
=	-0.40

Golden Heaven Group Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

	Net-Net Working Capital		(Q: Sep. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.246	+	0.75 * 0	+	0.5 * 0	-	21.177
-	0	-	0)	/	51.75
=	-0.40

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.

Golden Heaven Group Holdings (NAS:GDHG) 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.

Golden Heaven Group Holdings Net-Net Working Capital Related Terms

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Golden Heaven Group Holdings (Golden Heaven Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Heaven Group Holdings Ltd (NAS:GDHG) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Banhouhaichuan Road, Xiqin Town, Yanping District, Fujian Province, Nanping City, CHN, 353001

Website

http://www.jsyoule.com

Golden Heaven Group Holdings Ltd is an offshore holding company. Through the operating entities in China, It manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. The parks collectively contain nearly 159 rides and attractions. The firm's revenue is primarily generated from selling access to rides and attractions, charging fees for special event rentals, and collecting regular rental payments from commercial tenants.