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Vico International Holdings (HKSE:01621) Net-Net Working Capital : HK$0.02 (As of Sep. 2023)


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What is Vico 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.

Vico International Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2023 was HK$0.02.

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

HKSE:01621's Price-to-Net-Net-Working-Capital is ranked better than
64.95% of 194 companies
in the Oil & Gas industry
Industry Median: 5.21 vs HKSE:01621: 3.45

Vico International Holdings Net-Net Working Capital Historical Data

The historical data trend for Vico 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.

Vico International Holdings Net-Net Working Capital Chart

Vico International Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only 0.07 0.06 0.04 0.01 0.02

Vico International Holdings Semi-Annual Data
Mar15 Mar16 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 0.03 0.01 0.01 0.02 0.02

Competitive Comparison of Vico International Holdings's Net-Net Working Capital

For the Oil & Gas Refining & Marketing subindustry, Vico 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.


Vico International Holdings's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Vico International Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Vico International Holdings Net-Net Working Capital Calculation

Vico 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)
=(42.155+0.75 * 34.438+0.5 * 10.556-57.726
-0-0)/1000
=0.02

Vico 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)
=(54.212+0.75 * 38.924+0.5 * 10.789-64.233
-0-0)/1000
=0.02

* 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.


Vico International Holdings  (HKSE:01621) 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.


Vico International Holdings Net-Net Working Capital Related Terms

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Vico International Holdings (HKSE:01621) Business Description

Traded in Other Exchanges
N/A
Address
No. 10 Cheung Yue Street, Unit D, 11th Floor, Billion Plaza II, Cheung Sha Wan, Hong Kong, HKG
Vico International Holdings Ltd is engaged in the business of distribution of petrochemicals products. The company's portfolio of products comprises Diesel, Self-branded and third-party branded lubricant oil, and other petrochemicals such as Bitumen. The operating segments of the group are Sales of diesel; Provision of fleet card service; Sales of lubricant oil and Sales of others. The company derives the majority of its revenue from the Sales of the diesel segment. Geographically, the group has a business presence in Hong Kong; Macau, Vietnam, Dubai, and Malaysia, of which key revenue is generated from Hong Kong.

Vico International Holdings (HKSE:01621) Headlines

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