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Time Interconnect Technology (HKSE:01729) Net-Net Working Capital : HK$-0.54 (As of Dec. 2024)


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What is Time Interconnect Technology 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.

Time Interconnect Technology's Net-Net Working Capital for the quarter that ended in Dec. 2024 was HK$-0.54.

The industry rank for Time Interconnect Technology's Net-Net Working Capital or its related term are showing as below:

HKSE:01729's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 8.375
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Time Interconnect Technology Net-Net Working Capital Historical Data

The historical data trend for Time Interconnect Technology'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.

Time Interconnect Technology Net-Net Working Capital Chart

Time Interconnect Technology Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.59 -0.43 -0.44 -1.40 -0.54

Time Interconnect Technology Semi-Annual Data
Mar15 Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 -1.26 -1.40 -1.10 -0.74 -0.54

Competitive Comparison of Time Interconnect Technology's Net-Net Working Capital

For the Electrical Equipment & Parts subindustry, Time Interconnect Technology'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.


Time Interconnect Technology's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Time Interconnect Technology's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Time Interconnect Technology's Price-to-Net-Net-Working-Capital falls into.


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Time Interconnect Technology Net-Net Working Capital Calculation

Time Interconnect Technology's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(425.848+0.75 * 1462.724+0.5 * 1391.133-3249.161
-0-12.896)/1948.744
=-0.54

Time Interconnect Technology'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)
=(425.848+0.75 * 1462.724+0.5 * 1391.133-3249.161
-0-12.896)/1948.744
=-0.54

* 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.


Time Interconnect Technology  (HKSE:01729) 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.


Time Interconnect Technology Net-Net Working Capital Related Terms

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Time Interconnect Technology Business Description

Traded in Other Exchanges
N/A
Address
5 Science Park East Avenue, Units 213-221, 2nd Floor, Building 5E, Hong Kong Science Park, Shatin, Hong Kong, HKG
Time Interconnect Technology Ltd is an investment holding company. The company operates in the manufacture and sales of a wide variety of copper, digital cable products, & optical fiber cable assemblies. The firm is organized into there operating divisions Cable assembly, Digital cables, and Server. The company generates revenue from the Server segment which includes manufacturing and trading of server products. Geographically, the company derives a majority of its revenue from China and also has a presence in the Hong Kong, Mexico, Mexico and Other Countries. The company serves Telecommunication and Data Communication; Healthcare and Transportation and Industrial markets.
Executives
Wang Laichun 2201 Interest of corporation controlled by you
Wang Laisheng 2201 Interest of corporation controlled by you
Li Xun You Xian Gong Si 2201 Interest of corporation controlled by you
Li Xun Jing Mi Gong Ye Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you

Time Interconnect Technology Headlines

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