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Green Energy Group (HKSE:00979) Net-Net Working Capital : HK$0.02 (As of Dec. 2023)


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What is Green Energy Group 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.

Green Energy Group's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$0.02.

The industry rank for Green Energy Group's Net-Net Working Capital or its related term are showing as below:

HKSE:00979's Price-to-Net-Net-Working-Capital is not ranked *
in the Waste Management industry.
Industry Median: 9.86
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Green Energy Group Net-Net Working Capital Historical Data

The historical data trend for Green Energy Group'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.

Green Energy Group Net-Net Working Capital Chart

Green Energy Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Jun19 Jun20 Jun21 Jun22 Jun23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.06 0.03 0.01 0.01

Green Energy Group Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Jun19 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 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 0.02 0.01 0.01 0.01 0.02

Competitive Comparison of Green Energy Group's Net-Net Working Capital

For the Waste Management subindustry, Green Energy 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.


Green Energy Group's Price-to-Net-Net-Working-Capital Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Green Energy Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Green Energy Group's Price-to-Net-Net-Working-Capital falls into.


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Green Energy Group Net-Net Working Capital Calculation

Green Energy Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2023 is calculated as

Net-Net Working Capital(A: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(14.849+0.75 * 2.787+0.5 * 1.221-12.246
-0--2.946)/1136.308
=0.01

Green Energy Group'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)
=(26.821+0.75 * 2.483+0.5 * 0.865-9.196
-0--2.771)/1356.308
=0.02

* 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.


Green Energy Group  (HKSE:00979) 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.


Green Energy Group Net-Net Working Capital Related Terms

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Green Energy Group Business Description

Traded in Other Exchanges
N/A
Address
99 Queen’s Road Central, Room 7712, 77th Floor, The Center, Hong Kong, HKG
Green Energy Group Ltd is an investment holding company. Along with its subsidiaries, the company operates in the following reportable segments; Waste construction materials and processing services; Renewable energy; Plastic recycling/ metal scrap, and Money lending. It generates maximum revenue from the Renewable energy segment. The Renewable energy segment includes the trading and processing of recyclable oil/biodiesel. Geographically, it derives a majority of its revenue from Europe, and the rest from Hong Kong, Malaysia, Singapore, and the People's Republic of China.
Executives
New Glory Business Corporation 2101 Beneficial owner
Rich Bay Global Limited 2101 Beneficial owner
Superactive Asset Management Limited 2201 Interest of corporation controlled by you
Lee Chi Shing Caesar 2201 Interest of corporation controlled by you
Yeung So Lai 2201 Interest of corporation controlled by you

Green Energy Group Headlines

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