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Tuya (HKSE:02391) Net-Net Working Capital : HK$9.81 (As of Mar. 2024)


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What is Tuya 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.

Tuya's Net-Net Working Capital for the quarter that ended in Mar. 2024 was HK$9.81.

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

HKSE:02391's Price-to-Net-Net-Working-Capital is ranked better than
95.25% of 1222 companies
in the Software industry
Industry Median: 7.325 vs HKSE:02391: 1.34

Tuya Net-Net Working Capital Historical Data

The historical data trend for Tuya'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.

Tuya Net-Net Working Capital Chart

Tuya Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
-5.06 -3.07 13.76 12.56 9.75

Tuya Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 12.55 12.02 9.77 9.75 9.81

Competitive Comparison of Tuya's Net-Net Working Capital

For the Software - Infrastructure subindustry, Tuya'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.


Tuya's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, Tuya's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Tuya Net-Net Working Capital Calculation

Tuya'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)
=(6167.485+0.75 * 71.959+0.5 * 256.669-748.452
-0-0)/574.593
=9.75

Tuya's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6189.878+0.75 * 79.2+0.5 * 256.837-741.839
-0-0)/574.593
=9.81

* 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.


Tuya  (HKSE:02391) 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.


Tuya Net-Net Working Capital Related Terms

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Tuya (HKSE:02391) Business Description

Industry
Traded in Other Exchanges
Address
Huace Center, 10th Floor, Building A, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012
Tuya Inc is an IoT cloud development platform with a mission to build an IoT developer ecosystem and enable everything to be smart. The Company has pioneered a purpose-built IoT cloud development platform that delivers a full suite of offerings, including platform-as-a-service (PaaS) and Software-as-a-service (SaaS), to businesses and developers. Through its IoT cloud development platform, It has enabled developers to activate a vibrant IoT ecosystem of brands, OEMs, partners, and end users to engage and communicate through a broad range of smart devices. The company's revenue is derived from the PRC.
Executives
The Bank Of New York Mellon Corporation 2201 Interest of corporation controlled by you
Chen Liaohan 2201 Interest of corporation controlled by you
Wang Xueji 2501 Other
Tenet Vision Limited 2101 Beneficial owner
Tmf (cayman) Ltd. 2301 Trustee
Tuya Group Inc. 2501 Other
Tenet Smart Limited 2201 Interest of corporation controlled by you
Tenet Group Limited 2101 Beneficial owner
Tenet Global Limited 2201 Interest of corporation controlled by you
Unileo Limited 2101 Beneficial owner
Nea 14 Gp, Ltd 2201 Interest of corporation controlled by you
Nea Partners 14, L.p. 2201 Interest of corporation controlled by you
New Enterprise Associates 14, L.p. 2101 Beneficial owner
Anywink Limited
Lin Yaona

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