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Transmit Entertainment (HKSE:01326) Net-Net Working Capital : HK$-0.16 (As of Dec. 2024)


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What is Transmit Entertainment 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.

Transmit Entertainment's Net-Net Working Capital for the quarter that ended in Dec. 2024 was HK$-0.16.

The industry rank for Transmit Entertainment's Net-Net Working Capital or its related term are showing as below:

HKSE:01326's Price-to-Net-Net-Working-Capital is not ranked *
in the Media - Diversified industry.
Industry Median: 5.3
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Transmit Entertainment Net-Net Working Capital Historical Data

The historical data trend for Transmit Entertainment'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.

Transmit Entertainment Net-Net Working Capital Chart

Transmit Entertainment Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.52 -0.39 -0.22 -0.20 -0.17

Transmit Entertainment Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -0.21 -0.20 -0.20 -0.17 -0.16

Competitive Comparison of Transmit Entertainment's Net-Net Working Capital

For the Entertainment subindustry, Transmit Entertainment'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.


Transmit Entertainment's Price-to-Net-Net-Working-Capital Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Transmit Entertainment's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Transmit Entertainment's Price-to-Net-Net-Working-Capital falls into.


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Transmit Entertainment Net-Net Working Capital Calculation

Transmit Entertainment's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2024 is calculated as

Net-Net Working Capital(A: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(69.144+0.75 * 53.382+0.5 * 143.708-580.486
-0-41.686)/2595.614
=-0.17

Transmit Entertainment's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2024 is calculated as

Net-Net Working Capital(Q: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(72.253+0.75 * 51.339+0.5 * 142.408-562.14
-0-40.877)/2595.614
=-0.16

* 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.


Transmit Entertainment  (HKSE:01326) 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.


Transmit Entertainment Net-Net Working Capital Related Terms

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Transmit Entertainment Business Description

Traded in Other Exchanges
N/A
Address
128 Gloucester Road, Flat B, 14th Floor, Neich Tower, Wanchai, Hong Kong, HKG
Transmit Entertainment Ltd is engaged in engages in film, TV series, and variety show production, distribution and licensing of film rights and other businesses. The Group produces Chinese variety shows and TV series in both Mainland China and Hong Kong. The firm operates in the following segments: TV series production and distribution; Film exhibition and Pan entertainment. The majority of its revenue is generated from the TV series production and distribution segment. Geographically, it derives maximum revenue from Mainland, the People's Republic of China, and the rest from Hong Kong.
Executives
Gardner Aaron Luke (in The Capacity As The Receiver) 2501 Other
Fok Hei Yu (in The Capacity As The Receiver) 2501 Other
Zhang Liang, Johnson 2101 Beneficial owner
Charming Treasure Investments Ltd. 2106 Person having a security interest in shares
China Orient Asset Management (international) Holding Limited 2201 Interest of corporation controlled by you
China Orient Asset Management Co., Ltd. 2201 Interest of corporation controlled by you
Dong Yin Development (holdings) Limited 2201 Interest of corporation controlled by you
Nice Rich Group Limited 2101 Beneficial owner
Wise Leader Assets Ltd. 2201 Interest of corporation controlled by you

Transmit Entertainment Headlines

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