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Jiayuan Services Holdings (HKSE:01153) Net-Net Working Capital : HK$0.29 (As of Jun. 2022)


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What is Jiayuan Services 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.

Jiayuan Services Holdings's Net-Net Working Capital for the quarter that ended in Jun. 2022 was HK$0.29.

The industry rank for Jiayuan Services Holdings's Net-Net Working Capital or its related term are showing as below:

HKSE:01153's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.445
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Jiayuan Services Holdings Net-Net Working Capital Historical Data

The historical data trend for Jiayuan Services 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.

Jiayuan Services Holdings Net-Net Working Capital Chart

Jiayuan Services Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21
Net-Net Working Capital
-0.21 -0.90 -1.05 0.67 0.52

Jiayuan Services Holdings Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only -0.92 0.67 0.49 0.52 0.29

Competitive Comparison of Jiayuan Services Holdings's Net-Net Working Capital

For the Real Estate Services subindustry, Jiayuan Services 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.


Jiayuan Services Holdings's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

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

* The bar in red indicates where Jiayuan Services Holdings's Price-to-Net-Net-Working-Capital falls into.



Jiayuan Services Holdings Net-Net Working Capital Calculation

Jiayuan Services Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(773.6+0.75 * 402.594+0.5 * 0.651-734.378
-0-25.466)/611.709
=0.52

Jiayuan Services Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2022 is calculated as

Net-Net Working Capital(Q: Jun. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(491.319+0.75 * 460.145+0.5 * 0.551-634.801
-0-26.759)/611.709
=0.29

* 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.


Jiayuan Services Holdings  (HKSE:01153) 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.


Jiayuan Services Holdings Net-Net Working Capital Related Terms

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Jiayuan Services Holdings (HKSE:01153) Business Description

Traded in Other Exchanges
N/A
Address
No. 899, Wanghu Road, Floor 3, Rome Metropolis, Nanhu District, Zhejiang Province, Jiaxing, CHN
Website
Jiayuan Services Holdings Ltd is principally engaged in the provision of property management services, value-added services to property developers, and community value-added services. The company's services include property management services to property developers, property owners, and residents, primarily comprising cleaning, security, gardening and landscaping, and repair and maintenance services. Its customers include property owners, property developers, residents, and tenants. Geographically, the company generates revenue from China.

Jiayuan Services Holdings (HKSE:01153) Headlines

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