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Tianjin Construction Development Group Co (HKSE:02515) Net-Net Working Capital : HK$-0.71 (As of Dec. 2024)


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What is Tianjin Construction Development Group 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.

Tianjin Construction Development Group Co's Net-Net Working Capital for the quarter that ended in Dec. 2024 was HK$-0.71.

The industry rank for Tianjin Construction Development Group Co's Net-Net Working Capital or its related term are showing as below:

HKSE:02515's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.63
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Tianjin Construction Development Group Co Net-Net Working Capital Historical Data

The historical data trend for Tianjin Construction Development Group 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.

Tianjin Construction Development Group Co Net-Net Working Capital Chart

Tianjin Construction Development Group Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
-0.27 -0.59 -0.84 -0.76 -0.71

Tianjin Construction Development Group Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Net-Net Working Capital Get a 7-Day Free Trial -0.84 -0.78 -0.76 -0.32 -0.71

Competitive Comparison of Tianjin Construction Development Group Co's Net-Net Working Capital

For the Engineering & Construction subindustry, Tianjin Construction Development Group 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.

Tianjin Construction Development Group Co's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tianjin Construction Development Group Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Tianjin Construction Development Group Co's Price-to-Net-Net-Working-Capital falls into.


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Tianjin Construction Development Group Co Net-Net Working Capital Calculation

Tianjin Construction Development Group Co'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)
=(20.927+0.75 * 310.655+0.5 * 1.894-407.294
-0-0)/215.795
=-0.71

Tianjin Construction Development Group Co'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)
=(20.927+0.75 * 310.655+0.5 * 1.894-407.294
-0-0)/215.795
=-0.71

* 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.

Tianjin Construction Development Group Co  (HKSE:02515) 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.

Tianjin Construction Development Group Co Net-Net Working Capital Related Terms

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Tianjin Construction Development Group Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tianjin Construction Development Group Co Ltd (HKSE:02515) » Definitions » Net-Net Working Capital
Comparable Companies
HKSE:01793 HKSE:01420 HKSE:08535 HKSE:01615 HKSE:00871 HKSE:08275 HKSE:09998 HKSE:01987 HKSE:01559 HKSE:01920 XPAR:DG NSE:LT PWR SHSE:601668 TSX:WSP EME SHSE:601390 HKSE:01800 XKRX:028260 XPAR:EN
Traded in Other Exchanges
N/A
Address
No. 112 Dongting Road, Economic and Technological Development Zone, Binhai New Area, Tianjin, CHN
Website
https://www.tjcdg.com
Tianjin Construction Development Group Co Ltd is a construction group based in Tianjin that offers comprehensive construction services. It is engaged in the construction business and strove to provide high-quality construction services to its customers by leveraging its self-developed Jiexiao System, a comprehensive construction project management software equipped with multiple functions including cost monitoring, progress measuring and resources tracking.
Executives
Dou Enyan 2202 Interest of your spouse
Wang Wenbin 2201 Interest of corporation controlled by you
Shengyuan Group (tianjin) Co., Ltd. 2201 Interest of corporation controlled by you
Shengyuan Group Holdings (tianjin) Co., Ltd. 2101 Beneficial owner
Shanshengyuan (tianjin) Enterprise Management Partnership (limited Partnership) 2201 Interest of corporation controlled by you
Zhiweilai (tianjin) Enterprise Management Co. Limited 2101 Beneficial owner
Gongmeihao (tianjin) Enterprise Management Co. Limited 2101 Beneficial owner
Huizhi (tianjin) Entrepreneurial Space Service Center (limited Partnership) 2201 Interest of corporation controlled by you
Jushi (tianjin) Entrepreneurial Management Center (limited Partnership) 2201 Interest of corporation controlled by you
Zhao Kuanghua 2201 Interest of corporation controlled by you
Zhao Xiaorong 2201 Interest of corporation controlled by you
Huatai Securities Co., Ltd. 2201 Interest of corporation controlled by you

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