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Acme International Holdings (HKSE:01870) Net-Net Working Capital : HK$-0.03 (As of Jun. 2024)


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What is Acme 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.

Acme International Holdings's Net-Net Working Capital for the quarter that ended in Jun. 2024 was HK$-0.03.

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

HKSE:01870's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.2
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Acme International Holdings Net-Net Working Capital Historical Data

The historical data trend for Acme 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.

Acme International Holdings Net-Net Working Capital Chart

Acme International Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial 0.10 -0.10 -0.20 -0.03 -0.03

Acme International Holdings Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -0.22 -0.03 -0.05 -0.03 -0.03

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

For the Engineering & Construction subindustry, Acme 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.


Acme International Holdings's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Acme International Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Acme International Holdings Net-Net Working Capital Calculation

Acme International 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)
=(46.269+0.75 * 49.267+0.5 * 3.437-100.154
-0-1.02)/624
=-0.03

Acme International Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(48.5+0.75 * 37.788+0.5 * 2.683-99.586
-0-0.289)/624
=-0.03

* 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.


Acme International Holdings  (HKSE:01870) 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.


Acme International Holdings Net-Net Working Capital Related Terms

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Acme International Holdings Business Description

Traded in Other Exchanges
N/A
Address
168-200 Connaught Road Central, Unit 3007-3008, 30 Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG
Acme International Holdings Ltd is engaged in providing one-stop design and build solutions for BMU systems works, and development, design, production, and sales of new energy generation and energy storage systems, and provision of services for sales of electricity. The group has two reportable segments BMU Systems Business which is engaged in the provision of design and build solutions for BMU systems; and Green New Energy Business which is engaged in the development, design, production, and sale of new energy generation and energy storage system and provision of services for sales of electricity. It generates the majority of its revenue from the BMU Systems Business segment.
Executives
Treasure Ship Holding Limited 2101 Beneficial owner
Lin Zhang 2201 Interest of corporation controlled by you
Rr (bvi) Limited 2101 Beneficial owner
Kwan Kam Tim 2201 Interest of corporation controlled by you
Ma Lai Ling 2202 Interest of your spouse
Zhao Yuzhu 2101 Beneficial owner
Liao Shigang 2202 Interest of your spouse
Timeness Vision Limited 2201 Interest of corporation controlled by you
Teng Rongsong 2201 Interest of corporation controlled by you

Acme International Holdings Headlines

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