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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
HAOTF's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.49 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Hao Tian International Construction Investment Group (OTCPK:HAOTF) 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.
Hao Tian International Construction Investment Group Net-Net Working Capital Related Terms
Hao Tian International Construction Investment Group 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.
Hao Tian International Construction Investment Group Net-Net Working Capital Chart
Hao Tian International Construction Investment Group Annual Data
HAOTF vs URI, SUNB, AER: Net-Net Working Capital Comparison
For the Rental & Leasing Services subindustry, Hao Tian International Construction Investment Group'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.
Hao Tian International Construction Investment Group Price-to-Net-Net-Working-Capital vs Business Services Industry
* 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 $-0.01 mean?
Hao Tian International Construction Investment Group (HAOTF) has a Net-Net Working Capital of $-0.01 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 Hao Tian International Construction Investment Group According to the industry distribution chart, Hao Tian International Construction Investment Group ranks #999999 out of 447 companies in the Business Services industry.
Is Hao Tian International Construction Investment Group's Net-Net Working Capital too high?
Hao Tian International Construction Investment Group's current Net-Net Working Capital is $-0.01. Based on the distribution chart, Hao Tian International Construction Investment Group ranks #999999 out of 447 companies in the Business Services industry, which is in the bottom quartile relative to peers.
How does Hao Tian International Construction Investment Group's Net-Net Working Capital compare to URI and SUNB?
According to the Business Services industry distribution chart, Hao Tian International Construction Investment Group ranks #999999 out of 447 companies for Net-Net Working Capital. This places Hao Tian International Construction Investment Group in the lower half of its industry. The industry median Net-Net Working Capital is 5.49. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.49, based on 447 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 Hao Tian International Construction Investment Group For the Business Services industry, the median Net-Net Working Capital is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hao Tian International Construction Investment Group's current Net-Net Working Capital is $-0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hao Tian International Construction Investment Group stock overvalued right now?
Hao Tian International Construction Investment Group (HAOTF) has a current Net-Net Working Capital of $-0.01. The stock's GF Value™ is $0.07, compared to a current price of $0.00 — trading 93.6% below its estimated fair value. The current Net-Net Working Capital is $-0.01. 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 Hao Tian International Construction Investment Group (HAOTF), the current Net-Net Working Capital is $-0.01 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.
Hao Tian International Construction Investment Group Business Description
Hao Tian International Construction Investment Group Ltd is an investment holding company. The company's operating segment includes the Rental and sale of construction machinery and spare parts business which generates majority revenue to the business; Provision of repair and maintenance and transportation service business; Money lending business; Provision of asset management, and Property development business. The company operates in Hong Kong, Macau, United Kingdom, Malaysia and Cambodia geographically.
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