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iMotion Automotive Technology (Suzhou) Co (HKSE:01274) Net-Net Working Capital : HK$3.38 (As of Dec. 2023)


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What is iMotion Automotive Technology (Suzhou) 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.

iMotion Automotive Technology (Suzhou) Co's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$3.38.

The industry rank for iMotion Automotive Technology (Suzhou) Co's Net-Net Working Capital or its related term are showing as below:

HKSE:01274's Price-to-Net-Net-Working-Capital is ranked worse than
77.53% of 365 companies
in the Vehicles & Parts industry
Industry Median: 7.62 vs HKSE:01274: 22.25

iMotion Automotive Technology (Suzhou) Co Net-Net Working Capital Historical Data

The historical data trend for iMotion Automotive Technology (Suzhou) 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.

iMotion Automotive Technology (Suzhou) Co Net-Net Working Capital Chart

iMotion Automotive Technology (Suzhou) Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
-0.87 -3.75 1.56 3.38

iMotion Automotive Technology (Suzhou) Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial -3.75 - 1.56 1.60 3.38

Competitive Comparison of iMotion Automotive Technology (Suzhou) Co's Net-Net Working Capital

For the Auto Parts subindustry, iMotion Automotive Technology (Suzhou) 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.


iMotion Automotive Technology (Suzhou) Co's Price-to-Net-Net-Working-Capital Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, iMotion Automotive Technology (Suzhou) Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where iMotion Automotive Technology (Suzhou) Co's Price-to-Net-Net-Working-Capital falls into.



iMotion Automotive Technology (Suzhou) Co Net-Net Working Capital Calculation

iMotion Automotive Technology (Suzhou) Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1045.799+0.75 * 239.639+0.5 * 280.026-600.314
-0-0)/226.33
=3.38

iMotion Automotive Technology (Suzhou) Co'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)
=(1045.799+0.75 * 239.639+0.5 * 280.026-600.314
-0-0)/226.33
=3.38

* 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.


iMotion Automotive Technology (Suzhou) Co  (HKSE:01274) 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.


iMotion Automotive Technology (Suzhou) Co Net-Net Working Capital Related Terms

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iMotion Automotive Technology (Suzhou) Co (HKSE:01274) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
19/F and 20/F Building G2, 88 Jinji Lake Avenue, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN
iMotion Automotive Technology (Suzhou) Co Ltd is an autonomous driving solution provider in China with a focus on AD domain controllers. It offers a wide range of autonomous driving solutions and products and also provide OEMs with various AD domain control units. It has commercialized two AD domain controller product lines which support level 2 to level 2+ autonomous driving functions, covering a wide price range of passenger vehicles and all types of driving scenarios, including highways, ring roads, complex urban roads, country roads, and parking areas. In addition to SuperVisionTM, it also provide self-designed and self-developed iDC series which includes iDC Mid and iDC High.
Executives
China Construction Bank Corporation 2201 Interest of corporation controlled by you
Vistra Trust (singapore) Pte. Limited 2301 Trustee
Li Xiang 2501 Other
Li Auto Inc. 2201 Interest of corporation controlled by you
Leading Ideal Hk Limited 2201 Interest of corporation controlled by you
Cyric Point Enterprises Limited 2201 Interest of corporation controlled by you
Bei Jing Luo Ke Wei Er Si Ke Ji You Xian Gong Si 2201 Interest of corporation controlled by you
Bei Jing Che He Jia Xin Xi Ji Shu You Xian Gong Si 2101 Beneficial owner
Amp Lee Ltd. 2201 Interest of corporation controlled by you
Jian Yin Ke Chuang Su Zhou Tou Dai Lian Dong Gu Quan Tou Zi Ji Jin You Xian He Huo 2101 Beneficial owner
Jian Yin Guo Ji Zi Ben Guan Li Tian Jin You Xian Gong Si 2201 Interest of corporation controlled by you
Jian Yin Guo Ji Zhong Guo You Xian Gong Si 2201 Interest of corporation controlled by you
Tian Jin Jian Yin Guo Ji Jin He Gu Quan Tou Zi Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Song Yang 2101 Beneficial owner
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you

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