GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Success Dragon International Holdings Ltd (HKSE:01182) » Definitions » Net-Net Working Capital

Success Dragon International Holdings (HKSE:01182) Net-Net Working Capital : HK$0.05 (As of Sep. 2023)


View and export this data going back to 1994. Start your Free Trial

What is Success Dragon International 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.

Success Dragon International Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2023 was HK$0.05.

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

HKSE:01182's Price-to-Net-Net-Working-Capital is ranked better than
52.12% of 898 companies
in the Metals & Mining industry
Industry Median: 5.75 vs HKSE:01182: 5.40

Success Dragon International Holdings Net-Net Working Capital Historical Data

The historical data trend for Success Dragon International 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.

Success Dragon International Holdings Net-Net Working Capital Chart

Success Dragon International Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.06 -0.27 -0.13 -0.31 0.04

Success Dragon International Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 -0.38 -0.31 0.12 0.04 0.05

Competitive Comparison of Success Dragon International Holdings's Net-Net Working Capital

For the Gold subindustry, Success Dragon International 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.


Success Dragon International Holdings's Price-to-Net-Net-Working-Capital Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Success Dragon International Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Success Dragon International Holdings's Price-to-Net-Net-Working-Capital falls into.



Success Dragon International Holdings Net-Net Working Capital Calculation

Success Dragon International Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(91.789+0.75 * 1.528+0.5 * 31.934-96.113
-0-0)/349.52
=0.04

Success Dragon International Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(117.251+0.75 * 5.482+0.5 * 39.779-123.081
-0-0)/349.52
=0.05

* 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.


Success Dragon International Holdings  (HKSE:01182) 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.


Success Dragon International Holdings Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Success Dragon International Holdings's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Success Dragon International Holdings (HKSE:01182) Business Description

Traded in Other Exchanges
N/A
Address
88 Connaught Road West, 19/F., Guangdong Finance Building, Hong Kong, HKG
Success Dragon International Holdings Ltd is an investment holding company. Its segment includes Gold processing and trading business. The gold processing and trading business segment involves the Provision of gold processing and the sale of gold and other precious metals in the PRC. Geographically it derives a majority of revenue is derived from PRC.
Executives
Stone Steps Investments Limited 2101 Beneficial owner
Liu Shannon Shuting 2201 Interest of corporation controlled by you
Positive Kindness Limited 2201 Interest of corporation controlled by you
Liu Shiwei 2201 Interest of corporation controlled by you

Success Dragon International Holdings (HKSE:01182) Headlines

No Headlines