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Sunac Services Holdings (HKSE:01516) Net-Net Working Capital : HK$1.14 (As of Dec. 2023)


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What is Sunac 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.

Sunac Services Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$1.14.

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

HKSE:01516's Price-to-Net-Net-Working-Capital is ranked better than
83.33% of 342 companies
in the Real Estate industry
Industry Median: 4.47 vs HKSE:01516: 1.69

Sunac Services Holdings Net-Net Working Capital Historical Data

The historical data trend for Sunac 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.

Sunac Services Holdings Net-Net Working Capital Chart

Sunac Services Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -0.12 2.72 1.52 1.31 1.14

Sunac Services Holdings Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.52 1.31 1.31 1.22 1.14

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

For the Real Estate Services subindustry, Sunac 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.


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

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

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



Sunac Services Holdings Net-Net Working Capital Calculation

Sunac Services Holdings'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)
=(4739.218+0.75 * 6463.481+0.5 * 59.655-5914.416
-0-221.471)/3056.84
=1.14

Sunac Services Holdings'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)
=(4739.218+0.75 * 6463.481+0.5 * 59.655-5914.416
-0-221.471)/3056.84
=1.14

* 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.


Sunac Services Holdings  (HKSE:01516) 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.


Sunac Services Holdings Net-Net Working Capital Related Terms

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Sunac Services Holdings (HKSE:01516) Business Description

Traded in Other Exchanges
Address
Hongqi Road, Block O1A, 25th Floor, Sunac Center, Nankai District, Tianjin, CHN, 300381
Sunac Services Holdings Ltd is engaged in the provision of property management services, value-added services to non-property owners, community living services and commercial operational services in the PRC.
Executives
Sun Hongbin 2307 Founder of a discretionary trust who can infl
Sunac Holdings Llc 2201 Interest of corporation controlled by you
Sunac International Investment Holdings Ltd 2201 Interest of corporation controlled by you
Sunac China Holdings Limited 2201 Interest of corporation controlled by you
Sunac Services Investment Limited 2101 Beneficial owner
Gai Gong Si Wei Sun Hong Bin Xian Sheng Jia Zu Xin Tuo De Shou Tuo Ren 2201 Interest of corporation controlled by you
Sunac Shine (ptc) Limited 2301 Trustee
Morgan Stanley International Holdings Inc. 2201 Interest of corporation controlled by you
Morgan Stanley International Limited 2201 Interest of corporation controlled by you
Morgan Stanley Investments (uk) 2201 Interest of corporation controlled by you
Morgan Stanley & Co. International Plc 2105 Underwriter

Sunac Services Holdings (HKSE:01516) Headlines

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