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Yoho Group Holdings (HKSE:02347) Net-Net Working Capital : HK$0.36 (As of Sep. 2023)


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What is Yoho 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.

Yoho Group Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2023 was HK$0.36.

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

HKSE:02347's Price-to-Net-Net-Working-Capital is ranked better than
83.08% of 325 companies
in the Retail - Cyclical industry
Industry Median: 6.31 vs HKSE:02347: 2.03

Yoho Group Holdings Net-Net Working Capital Historical Data

The historical data trend for Yoho 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.

Yoho Group Holdings Net-Net Working Capital Chart

Yoho Group Holdings Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
0.02 0.06 0.03 0.01 0.34

Yoho Group Holdings Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Net-Net Working Capital Get a 7-Day Free Trial - 0.01 0.32 0.34 0.36

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

For the Specialty Retail subindustry, Yoho 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.


Yoho Group Holdings's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

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

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



Yoho Group Holdings Net-Net Working Capital Calculation

Yoho Group 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)
=(209.943+0.75 * 7.016+0.5 * 75.14-82.074
-0-0)/500
=0.34

Yoho Group 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)
=(217.495+0.75 * 7.369+0.5 * 70.282-80.356
-0-0)/500
=0.36

* 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.


Yoho Group Holdings  (HKSE:02347) 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.


Yoho Group Holdings Net-Net Working Capital Related Terms

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Yoho Group Holdings (HKSE:02347) Business Description

Traded in Other Exchanges
N/A
Address
52 Hung To Road, 9A, Bamboos Centre, Kwun Tong, Kowloon, Hong Kong, HKG
Yoho Group Holdings Ltd is involved in the provision of both online and offline e-commerce retail services and offline wholesale and trading of consumer electronics and home appliances. Geographically the company earns the majority of its revenue from Hong Kong and also has a presence in the People's Republic of China.
Executives
Tsui Ka Wing 2101 Beneficial owner
Wu Faat Chi 2101 Beneficial owner
The Mearas Venture Limited 2101 Beneficial owner
The Wings Venture Limited 2101 Beneficial owner
Beyond I Capital Ltd 2201 Interest of corporation controlled by you
Beyond Ventures I Fund L.p. 2201 Interest of corporation controlled by you
Biz Cloud Investments Limited 2101 Beneficial owner

Yoho Group Holdings (HKSE:02347) Headlines

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