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Wise Living Technology Co (HKSE:02481) Net-Net Working Capital : HK$-13.26 (As of Dec. 2023)


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What is Wise Living Technology Co 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.

Wise Living Technology Co's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$-13.26.

The industry rank for Wise Living Technology Co's Net-Net Working Capital or its related term are showing as below:

HKSE:02481's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 6.6
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Wise Living Technology Co Net-Net Working Capital Historical Data

The historical data trend for Wise Living Technology Co'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.

Wise Living Technology Co Net-Net Working Capital Chart

Wise Living Technology Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
-16.20 -15.94 -13.91 -13.26

Wise Living Technology Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial -15.94 - -13.91 -13.15 -13.26

Competitive Comparison of Wise Living Technology Co's Net-Net Working Capital

For the Utilities - Independent Power Producers subindustry, Wise Living Technology Co'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.


Wise Living Technology Co's Price-to-Net-Net-Working-Capital Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Wise Living Technology Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Wise Living Technology Co's Price-to-Net-Net-Working-Capital falls into.



Wise Living Technology Co Net-Net Working Capital Calculation

Wise Living Technology Co'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)
=(780.056+0.75 * 517.018+0.5 * 40.329-4919.766
-0-266.004)/301.6
=-13.26

Wise Living Technology Co'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)
=(780.056+0.75 * 517.018+0.5 * 40.329-4919.766
-0-266.004)/301.6
=-13.26

* 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.


Wise Living Technology Co  (HKSE:02481) 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.


Wise Living Technology Co Net-Net Working Capital Related Terms

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Wise Living Technology Co (HKSE:02481) Business Description

Traded in Other Exchanges
N/A
Address
No. 15 Shuangliang Road, Ligang Street, Room 202, 2nd Floor, Jiangsu, Jiangyin, CHN
Wise Living Technology Co Ltd is a cross-provincial heat service provider mainly operating in the Three North Region. It is principally engaged in the provision of heat services to residential and non-residential heat service customers under concession rights. In addition to its provision of heat services, which is considered as a public utility business, the company also provides heat-related; engineering construction services; and EMC services.
Executives
Galaxy Way Development Limited 2101 Beneficial owner
Gofintech Innovation Limited 2201 Interest of corporation controlled by you
Jiang Gang International Investment Company Limited 2101 Beneficial owner
Zhou Xiaoping 2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan Jin Rong Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Xiang Gang Xing Yi Tou Zi Guan Li You Xian Gong Si 2101 Beneficial owner

Wise Living Technology Co (HKSE:02481) Headlines

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