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Gemdale Properties and Investment (HKSE:00535) Net-Net Working Capital : HK$-3.35 (As of Jun. 2024)


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What is Gemdale Properties and Investment 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.

Gemdale Properties and Investment's Net-Net Working Capital for the quarter that ended in Jun. 2024 was HK$-3.35.

The industry rank for Gemdale Properties and Investment's Net-Net Working Capital or its related term are showing as below:

HKSE:00535's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.41
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Gemdale Properties and Investment Net-Net Working Capital Historical Data

The historical data trend for Gemdale Properties and Investment'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.

Gemdale Properties and Investment Net-Net Working Capital Chart

Gemdale Properties and Investment 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 -2.41 -2.43 -2.86 -3.24 -3.50

Gemdale Properties and Investment Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -2.99 -3.24 -3.81 -3.50 -3.35

Competitive Comparison of Gemdale Properties and Investment's Net-Net Working Capital

For the Real Estate - Development subindustry, Gemdale Properties and Investment'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.


Gemdale Properties and Investment's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Gemdale Properties and Investment's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Gemdale Properties and Investment's Price-to-Net-Net-Working-Capital falls into.



Gemdale Properties and Investment Net-Net Working Capital Calculation

Gemdale Properties and Investment'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)
=(2684.464+0.75 * 71.873+0.5 * 28362.866-70822.188
-0-4226.236)/16613.7
=-3.50

Gemdale Properties and Investment's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1894.306+0.75 * 107.555+0.5 * 26015.499-67495.291
-0-3224.316)/16613.7
=-3.35

* 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.


Gemdale Properties and Investment  (HKSE:00535) 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.


Gemdale Properties and Investment Net-Net Working Capital Related Terms

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Gemdale Properties and Investment Business Description

Traded in Other Exchanges
N/A
Address
28 Queen’s Road Central, 19th Floor, Central Tower, Central, Hong Kong, HKG
Gemdale Properties and Investment Corp Ltd is an investment holding company that operates through four segments. The property development segment, which produces the company's revenue, develops and sells residential and commercial properties. The property investment and management segment invests and manages business parks and commercial properties. In the microfinance segment, Gemdale provides financial services to potential property buyers and small businesses. The corporate segment provides corporate management services to residential, commercial, and business park projects. The company generates almost all of its revenue from Mainland China.
Executives
Gemdale Corporation 2201 Interest of corporation controlled by you
Lippo Capital Group Limited 2201 Interest of corporation controlled by you
Riady Stephen 2201 Interest of corporation controlled by you
Leonardi Shincee 2202 Interest of your spouse
Riady James Tjahaja 2201 Interest of corporation controlled by you
Pt Trijaya Utama Mandiri 2201 Interest of corporation controlled by you
Oue Limited 2201 Interest of corporation controlled by you
Lippo Limited 2201 Interest of corporation controlled by you
Lippo Capital Limited 2201 Interest of corporation controlled by you
Lippo Capital Holdings Company Limited 2201 Interest of corporation controlled by you
Lippo Asm Asia Property Limited 2201 Interest of corporation controlled by you
Hongkong Chinese Limited 2201 Interest of corporation controlled by you
Hambali Aileen 2202 Interest of your spouse
Fortune Crane Limited 2201 Interest of corporation controlled by you
Chan Kin 2201 Interest of corporation controlled by you

Gemdale Properties and Investment Headlines

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