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NVC International Holdings (HKSE:02222) Net-Net Working Capital : HK$1.55 (As of Dec. 2024)


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What is NVC 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.

NVC International Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2024 was HK$1.55.

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

HKSE:02222's Price-to-Net-Net-Working-Capital is ranked better than
98.8% of 167 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.83 vs HKSE:02222: 0.55

NVC International Holdings Net-Net Working Capital Historical Data

The historical data trend for NVC 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.

NVC International Holdings Net-Net Working Capital Chart

NVC International 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 1.92 1.52 0.39 1.30 1.55

NVC International 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 0.39 1.00 1.30 1.41 1.55

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

For the Furnishings, Fixtures & Appliances subindustry, NVC 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.


NVC International Holdings's Price-to-Net-Net-Working-Capital Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, NVC International Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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NVC International Holdings Net-Net Working Capital Calculation

NVC International 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)
=(1155.586+0.75 * 383.874+0.5 * 313.742-726.735
-0-88.866)/507.274
=1.55

NVC International 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)
=(1155.586+0.75 * 383.874+0.5 * 313.742-726.735
-0-88.866)/507.274
=1.55

* 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.


NVC International Holdings  (HKSE:02222) 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.


NVC International Holdings Net-Net Working Capital Related Terms

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NVC International Holdings Business Description

Traded in Other Exchanges
N/A
Address
Phase 3, Hong Kong Science Park, Unit 705, 7th Floor, Building 20E, Pak Shek Kok, Hong Kong, HKG
NVC International Holdings Ltd is engaged in the lighting industry. Its segment includes NVC brand lighting products - international market, Non-NVC brand lighting products - domestic market, and Non-NVC brand lighting products - international market. Its brands are NVC Lighting, ETI Solid State Lighting INC, Dernier & Hamlyn, DH Lifelabs, and NVC Electric. The majority of the revenue of the company is generated from the United States.
Executives
Canopy Capital Limited 2101 Beneficial owner
Harker Hall Capital Ltd. 2201 Interest of corporation controlled by you
Leap Gain Limited 2201 Interest of corporation controlled by you
Oneworld Legend Limited (bvi)
Harbour Faith Enterprises Limited 2101 Beneficial owner
Chan Sin Wa Carrie 2201 Interest of corporation controlled by you
Gold Interact Investment Limited 2106 Person having a security interest in shares
Su Lixin 2101 Beneficial owner
Ye Yong
Oneworld Legend Limited 2201 Interest of corporation controlled by you
Wang Keven Dun 2201 Interest of corporation controlled by you
Elec-tech International (hk) Co Ltd 2101 Beneficial owner
An Hui De Hao Run Da Dian Qi Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Su Lixin 2101 Beneficial owner
Zhao Yu

NVC International Holdings Headlines

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