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Boyaa Interactive International (HKSE:00434) Net-Net Working Capital : HK$2.00 (As of Dec. 2023)


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What is Boyaa Interactive International 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.

Boyaa Interactive International's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$2.00.

The industry rank for Boyaa Interactive International's Net-Net Working Capital or its related term are showing as below:

HKSE:00434's Price-to-Net-Net-Working-Capital is ranked better than
92.48% of 306 companies
in the Interactive Media industry
Industry Median: 5.395 vs HKSE:00434: 0.95

Boyaa Interactive International Net-Net Working Capital Historical Data

The historical data trend for Boyaa Interactive International'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.

Boyaa Interactive International Net-Net Working Capital Chart

Boyaa Interactive International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.15 1.41 1.88 1.76 2.00

Boyaa Interactive International Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.76 1.85 1.91 1.91 2.00

Competitive Comparison of Boyaa Interactive International's Net-Net Working Capital

For the Electronic Gaming & Multimedia subindustry, Boyaa Interactive International'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.


Boyaa Interactive International's Price-to-Net-Net-Working-Capital Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Boyaa Interactive International's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Boyaa Interactive International's Price-to-Net-Net-Working-Capital falls into.



Boyaa Interactive International Net-Net Working Capital Calculation

Boyaa Interactive International's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1758.819+0.75 * 32.123+0.5 * 0-360.819
-0-0)/709.576
=2.00

Boyaa Interactive International's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1758.819+0.75 * 32.123+0.5 * 0-360.819
-0-0)/709.576
=2.00

* 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.


Boyaa Interactive International  (HKSE:00434) 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.


Boyaa Interactive International Net-Net Working Capital Related Terms

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Boyaa Interactive International (HKSE:00434) Business Description

Traded in Other Exchanges
Address
1001 Zhong Shan Yuan Road, 8th Floor, Block E1 International E Town, TCL Industry Park, Nanshan District, Shenzhen, CHN, 518000
Boyaa Interactive International Ltd is an investment holding company. It is engaged in the development and operation of online card and board games through its subsidiaries. The company operates in two segments: Web-based games and Mobile games. Both are offered in various language versions in order to enable game players to play the games in different locations. It generates maximum revenue from Mobile games segment. Geographically, it derives revenue from PRC including Hong Kong.
Executives
Tct (bvi) Limited 2501 Other
The Core Trust Company Limited 2301 Trustee
Core Administration Rsu Limited 2306 Nominee for another person
Chunlei Investment Limited 2201 Interest of corporation controlled by you
Zhang Wei 2307 Founder of a discretionary trust who can infl
Cantrust (far East) Limited 2301 Trustee
Rustem Limited 2306 Nominee for another person
Dai Zhikang 2307 Founder of a discretionary trust who can infl
Visioncode Holdings Limited 2201 Interest of corporation controlled by you
Boyaa Global Limited 2101 Beneficial owner

Boyaa Interactive International (HKSE:00434) Headlines

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