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Zhongzheng International Co (HKSE:00943) Net-Net Working Capital : HK$-0.03 (As of Dec. 2024)


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What is Zhongzheng International Co 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.

Zhongzheng International Co's Net-Net Working Capital for the quarter that ended in Dec. 2024 was HK$-0.03.

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

HKSE:00943's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 6.905
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Zhongzheng International Co Net-Net Working Capital Historical Data

The historical data trend for Zhongzheng International Co'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.

Zhongzheng International Co Net-Net Working Capital Chart

Zhongzheng International Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Jun23 Jun24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 -0.12 -0.30 -0.12 -0.11

Zhongzheng International Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun23 Dec23 Jun24 Dec24
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 -0.30 -0.12 -0.09 -0.11 -0.03

Competitive Comparison of Zhongzheng International Co's Net-Net Working Capital

For the Household & Personal Products subindustry, Zhongzheng International Co'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.


Zhongzheng International Co's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhongzheng International Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Zhongzheng International Co Net-Net Working Capital Calculation

Zhongzheng International Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2024 is calculated as

Net-Net Working Capital(A: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(20.135+0.75 * 30.025+0.5 * 1222.818-2178.656
-0--178.017)/12824.484
=-0.11

Zhongzheng International Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2024 is calculated as

Net-Net Working Capital(Q: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.339+0.75 * 41.042+0.5 * 16.675-451.916
-0-0)/12824.484
=-0.03

* 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.


Zhongzheng International Co  (HKSE:00943) 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.


Zhongzheng International Co Net-Net Working Capital Related Terms

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Zhongzheng International Co Business Description

Traded in Other Exchanges
N/A
Address
56 Gloucester Road, Room 1005, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG
Zhongzheng International Co Ltd is an investment holding company. The Group has five reportable segments: property development, manufacture and sales of healthcare and household products, coal mining business, money lending business and primary land development I. Geographically, it derives a majority of its revenue from The People's Republic of China through Healthcare and household products business Healthcare following Property Development.
Executives
Lim Kim Chai 2101 Beneficial owner
Yang Bin 2101 Beneficial owner
Low Thiam Herr 2101 Beneficial owner
Leung Chung Shan
Shek Ying
Lim Kim Chai 2101 Beneficial owner
Qiu Qing 2201 Interest of corporation controlled by you
Shen Zhen Shi Tian Ji Nan Lian Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Xiang Gang Zhong Zheng Tou Zi You Xian Gong Si 2101 Beneficial owner
Zhong Xin Zheng Quan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you

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