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China Greenland Broad Greenstate Group Co (HKSE:01253) Net-Net Working Capital : HK$-0.70 (As of Jun. 2023)


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What is China Greenland Broad Greenstate Group 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.

China Greenland Broad Greenstate Group Co's Net-Net Working Capital for the quarter that ended in Jun. 2023 was HK$-0.70.

The industry rank for China Greenland Broad Greenstate Group Co's Net-Net Working Capital or its related term are showing as below:

HKSE:01253's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.45
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

China Greenland Broad Greenstate Group Co Net-Net Working Capital Historical Data

The historical data trend for China Greenland Broad Greenstate Group 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.

China Greenland Broad Greenstate Group Co Net-Net Working Capital Chart

China Greenland Broad Greenstate Group Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.42 -0.54 -0.59 -0.70 -0.71

China Greenland Broad Greenstate Group Co Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 -0.68 -0.70 -0.70 -0.71 -0.70

Competitive Comparison of China Greenland Broad Greenstate Group Co's Net-Net Working Capital

For the Engineering & Construction subindustry, China Greenland Broad Greenstate Group 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.


China Greenland Broad Greenstate Group Co's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Greenland Broad Greenstate Group Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where China Greenland Broad Greenstate Group Co's Price-to-Net-Net-Working-Capital falls into.



China Greenland Broad Greenstate Group Co Net-Net Working Capital Calculation

China Greenland Broad Greenstate Group Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.176+0.75 * 338.324+0.5 * 33.962-2621.867
-0-31.53)/3342.54
=-0.71

China Greenland Broad Greenstate Group Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2023 is calculated as

Net-Net Working Capital(Q: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6.556+0.75 * 329.384+0.5 * 33.461-2579.081
-0-30.992)/3342.54
=-0.70

* 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.


China Greenland Broad Greenstate Group Co  (HKSE:01253) 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.


China Greenland Broad Greenstate Group Co Net-Net Working Capital Related Terms

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China Greenland Broad Greenstate Group Co (HKSE:01253) Business Description

Traded in Other Exchanges
N/A
Address
1588 Lane, Zhuguang Road, Floor 8, Block D3, 5th Building, Hongqiao World Center, Shanghai, CHN, 200333
China Greenland Broad Greenstate Group Co Ltd is an investment holding company that provides landscape architecture design services. The company is headquartered in the People's Republic of China and generates all revenue domestically. It designs, plans, constructs and maintains landscapes, and cultivates plant seedlings. Its clients are mainly local governments and state-owned enterprises in China, and the company is contracted to work in several municipal and city landscaping projects.
Executives
Lv Di Shu Zi Ke Ji You Xian Gong Si 2201 Interest of corporation controlled by you
Lv Di Jin Rong Tou Zi Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Lv Di Jin Chuang Ke Ji Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Lv Di Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Lv Di Kong Gu Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Lv Di Jin Rong Hai Wai Tou Zi Ji Tuan You Xian Gong Si 2101 Beneficial owner
Broad Landscape International Company Limited
Inscription Capital Holdings Limited 2101 Beneficial owner
Wu Zhengping 2201 Interest of corporation controlled by you
Xiao Li 2202 Interest of your spouse
Hsbc International Trustee Limited 2301 Trustee
Hope Empire Limited 2201 Interest of corporation controlled by you
Wholeking Holdings Limited 2101 Beneficial owner
Cai Kui 2501 Other
Cithara Global Multi-strategy Spc-series 6 Sp 2101 Beneficial owner

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