GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sunfonda Group Holdings Ltd (HKSE:01771) » Definitions » Net-Net Working Capital

Sunfonda Group Holdings (HKSE:01771) Net-Net Working Capital : HK$-3.95 (As of Dec. 2024)


View and export this data going back to 2014. Start your Free Trial

What is Sunfonda Group 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.

Sunfonda Group Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2024 was HK$-3.95.

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

HKSE:01771's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.485
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sunfonda Group Holdings Net-Net Working Capital Historical Data

The historical data trend for Sunfonda Group 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.

Sunfonda Group Holdings Net-Net Working Capital Chart

Sunfonda Group Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.09 -3.91 -3.76 -4.43 -3.95

Sunfonda Group Holdings 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 -3.76 -4.09 -4.43 -3.96 -3.95

Competitive Comparison of Sunfonda Group Holdings's Net-Net Working Capital

For the Auto & Truck Dealerships subindustry, Sunfonda Group 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.


Sunfonda Group Holdings's Price-to-Net-Net-Working-Capital Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sunfonda Group Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


;
;

Sunfonda Group Holdings Net-Net Working Capital Calculation

Sunfonda Group Holdings'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)
=(699.225+0.75 * 43.279+0.5 * 1079.973-3642.002
-0-0)/600.000
=-3.95

Sunfonda Group Holdings'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)
=(699.225+0.75 * 43.279+0.5 * 1079.973-3642.002
-0-0)/600.000
=-3.95

* 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.


Sunfonda Group Holdings  (HKSE:01771) 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.


Sunfonda Group Holdings Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Sunfonda Group Holdings's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Sunfonda Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 1555 Ouya 1st Road, Beichen Avenue, Sunfonda Automobile Center, Chanba Ecological District, Shaanxi Province, Xi’an, CHN, 710021
Sunfonda Group Holdings Ltd is an investment holding company. The company and its subsidiaries are principally engaged in the sale and service of luxury and ultra-luxury car brands in Mainland China. The Group operates in one business unit based on its products, and has one reportable segment, which is the sale of motor vehicles and the provision of related services. Additionally, it offers after-sales services such as maintenance and repair, spare parts sales, and automobile detailing. Furthermore, the Group delivers various value-added services, including automobile insurance and financing agency services, licensing assistance, and survey services.
Executives
Golden Speed Enterprises Limited
Top Wheel Limited
Win Force Enterprises Limited
Chiu Man
Wu Tak Lam
Rays Capital Partners Limited 2102 Investment manager
Ruan David Ching Chi 2201 Interest of corporation controlled by you
Asian Equity Special Opportunities Portfolio Master Fund Limited 2101 Beneficial owner

Sunfonda Group Holdings Headlines

No Headlines