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SCE Intelligent Commercial Management Holdings (HKSE:00606) Net-Net Working Capital : HK$0.35 (As of Dec. 2023)


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What is SCE Intelligent Commercial Management 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.

SCE Intelligent Commercial Management Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$0.35.

The industry rank for SCE Intelligent Commercial Management Holdings's Net-Net Working Capital or its related term are showing as below:

HKSE:00606's Price-to-Net-Net-Working-Capital is ranked better than
94.46% of 343 companies
in the Real Estate industry
Industry Median: 4.51 vs HKSE:00606: 0.76

SCE Intelligent Commercial Management Holdings Net-Net Working Capital Historical Data

The historical data trend for SCE Intelligent Commercial Management 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.

SCE Intelligent Commercial Management Holdings Net-Net Working Capital Chart

SCE Intelligent Commercial Management Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -0.34 -0.02 1.37 0.40 0.35

SCE Intelligent Commercial Management Holdings Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 1.34 0.40 0.91 0.35

Competitive Comparison of SCE Intelligent Commercial Management Holdings's Net-Net Working Capital

For the Real Estate Services subindustry, SCE Intelligent Commercial Management 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.


SCE Intelligent Commercial Management Holdings's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SCE Intelligent Commercial Management Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where SCE Intelligent Commercial Management Holdings's Price-to-Net-Net-Working-Capital falls into.



SCE Intelligent Commercial Management Holdings Net-Net Working Capital Calculation

SCE Intelligent Commercial Management Holdings'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)
=(1265.909+0.75 * 300.164+0.5 * 0-787.396
-0-22.65)/1935
=0.35

SCE Intelligent Commercial Management Holdings'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)
=(1265.909+0.75 * 300.164+0.5 * 0-787.396
-0-22.65)/1935
=0.35

* 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.


SCE Intelligent Commercial Management Holdings  (HKSE:00606) 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.


SCE Intelligent Commercial Management Holdings Net-Net Working Capital Related Terms

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SCE Intelligent Commercial Management Holdings (HKSE:00606) Business Description

Traded in Other Exchanges
N/A
Address
No. 2, Lane 1688, Shenchang Road, 5th Floor, SCE Tower, Hongqiao Business District, Shanghai, CHN
SCE Intelligent Commercial Management Holdings Ltd is a comprehensive property management service provider managing both commercial and residential properties in China. The company's property management portfolio includes approximately 60 cities across 19 provinces, municipalities, and autonomous regions in China.
Executives
Boc Hong Kong (holdings) Limited 2201 Interest of corporation controlled by you
Luso International Banking Limited 2401 A concert party to an agreement to buy shares
Nan Yang Shang Ye Yin Hang Zhong Guo You Xian Gong Si Shen Zhen Fen Hang 2401 A concert party to an agreement to buy shares
Guang Zhou Yue Xiu Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Chow Wai Shing Daniel (in The Capacity As The Receiver) 2501 Other
Wong Chiu Yeung 2201 Interest of corporation controlled by you
Cmb Wing Lung Bank Limited 2401 A concert party to an agreement to buy shares
The Bank Of East Asia, Limited 2401 A concert party to an agreement to buy shares
Hsbc Holdings Plc 2201 Interest of corporation controlled by you
Gardner Aaron Luke (in The Capacity As The Receiver) 2501 Other
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
Affluent Way International Limited 2201 Interest of corporation controlled by you
Boc Hong Kong (group) Limited 2201 Interest of corporation controlled by you
Boc Hong Kong (bvi) Limited 2201 Interest of corporation controlled by you
Bank Of China Limited 2201 Interest of corporation controlled by you

SCE Intelligent Commercial Management Holdings (HKSE:00606) Headlines

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