Weili Holdings (HKSE:02372) Net-Net Working Capital : HK$0.11 (As of Dec. 2023)

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What is Weili 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.

Weili Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$0.11.

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

HKSE:02372's Price-to-Net-Net-Working-Capital is ranked better than
68.75% of 16 companies
in the Tobacco Products industry
Industry Median: 28.92 vs HKSE:02372: 3.55

Weili Holdings Net-Net Working Capital Historical Data

The historical data trend for Weili 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.

Weili Holdings Net-Net Working Capital Chart

Weili Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Net-Net Working Capital

-0.05

-0.09

0.17

0.11

Weili Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net-Net Working Capital	Get a 7-Day Free Trial			-	0.03	0.17	0.14	0.11

Competitive Comparison of Weili Holdings's Net-Net Working Capital

For the Tobacco subindustry, Weili 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.

Weili Holdings's Price-to-Net-Net-Working-Capital Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Weili Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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

Weili Holdings Net-Net Working Capital Calculation

Weili 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)
=	(104.044	+	0.75 * 144.123	+	0.5 * 63.139	-	158.517
-	0	-	0)	/	800
=	0.11

Weili Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

	Net-Net Working Capital		(Q: Dec. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(104.044	+	0.75 * 144.123	+	0.5 * 63.139	-	158.517
-	0	-	0)	/	800
=	0.11

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.

Weili Holdings (HKSE:02372) 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.

Weili Holdings Net-Net Working Capital Related Terms

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Weili Holdings (HKSE:02372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Weili Holdings Ltd (HKSE:02372) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Industrial Park, Hong’an County, Hubei Province, Mi’ersi Town, CHN

Website

http://www.weiliholdings.com

Weili Holdings Ltd is a cigarette wrapping paper manufacturer in China with research and development capabilities to supply customized products to customers. The company mainly supply products to cigarette packaging manufacturers operating in various provinces in China, mainly including Hubei and Henan. The products sold by the company are used in the manufacture of cigarette packaging for well-known tobacco brands in China.

Executives

Chen Weizhuang	2201 Interest of corporation controlled by you
City Ease Limited	2101 Beneficial owner
Liu Yuezhu	2202 Interest of your spouse
Enlighten East Limited	2101 Beneficial owner
Yong Ning Limited	2101 Beneficial owner
Yu Tianbing	2201 Interest of corporation controlled by you
Zhou Huaqin	2202 Interest of your spouse

Weili Holdings (HKSE:02372) Headlines

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