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FAR International Holdings Group Co (HKSE:02516) Net-Net Working Capital : HK$0.35 (As of Dec. 2024)


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What is FAR International Holdings 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.

FAR International Holdings Group Co's Net-Net Working Capital for the quarter that ended in Dec. 2024 was HK$0.35.

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

HKSE:02516's Price-to-Net-Net-Working-Capital is ranked better than
84.09% of 220 companies
in the Transportation industry
Industry Median: 6.195 vs HKSE:02516: 2.29

FAR International Holdings Group Co Net-Net Working Capital Historical Data

The historical data trend for FAR International Holdings 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.

FAR International Holdings Group Co Net-Net Working Capital Chart

FAR International Holdings Group Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
0.18 0.43 0.30 0.32 0.35

FAR International Holdings Group Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Net-Net Working Capital Get a 7-Day Free Trial 0.30 0.30 0.32 0.32 0.35

Competitive Comparison of FAR International Holdings Group Co's Net-Net Working Capital

For the Integrated Freight & Logistics subindustry, FAR International Holdings 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.

FAR International Holdings Group Co's Price-to-Net-Net-Working-Capital Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, FAR International Holdings Group Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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FAR International Holdings Group Co Net-Net Working Capital Calculation

FAR International Holdings 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)
=(809.85+0.75 * 705.1+0.5 * 0-1067.711
-0--0.446)/780.000
=0.35

FAR International Holdings 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)
=(809.85+0.75 * 705.1+0.5 * 0-1067.711
-0--0.446)/780.000
=0.35

* 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.

FAR International Holdings Group Co  (HKSE:02516) 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.

FAR International Holdings Group Co Net-Net Working Capital Related Terms

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FAR International Holdings Group Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FAR International Holdings Group Co Ltd (HKSE:02516) » Definitions » Net-Net Working Capital
Comparable Companies
HKSE:08310 HKSE:02482 HKSE:01442 HKSE:01292 HKSE:06123 HKSE:08292 HKSE:02130 HKSE:01529 HKSE:08047 HKSE:08348 UPS OCSE:DSV FDX XTER:DHL SZSE:002352 XSWX:KNIN EXPD JBHT ZTO CHRW
Traded in Other Exchanges
N/A
Address
No. 22 Changcheng Street, Room 201, Hangzhou Cross-border e-commerce, Industrial Park, Gongshu District, Zhejiang Province, Hangzhou City, CHN
Website
https://www.far800.com
FAR International Holdings Group Co Ltd is a cross-border e-commerce logistics service provider based in the PRC. The group principally provides three main types of services, namely end-to-end cross-border delivery service, freight forwarding service, and other logistics services.
Executives
Alibaba Group Holding Limited 2201 Interest of corporation controlled by you
Aidc Si Pte. Ltd. 2101 Beneficial owner
Alibaba Singapore Holding Private Limited 2201 Interest of corporation controlled by you
Alibaba.com Holding Limited 2201 Interest of corporation controlled by you
Alibaba.com International (cayman) Holding Limited 2201 Interest of corporation controlled by you
Alibaba.com Investment Holding Limited 2201 Interest of corporation controlled by you
Alibaba.com Limited 2201 Interest of corporation controlled by you
Lao Minzhong 2202 Interest of your spouse
Wang Quan 2201 Interest of corporation controlled by you
Zi Yue Holdings Limited 2101 Beneficial owner
Ye Jianrong 2201 Interest of corporation controlled by you
Taobao China Holding Limited 2101 Beneficial owner
Taobao Holding Limited 2201 Interest of corporation controlled by you
Hangzhou City Gongshu District State-owned Investment Holding Group Co., Ltd. 2201 Interest of corporation controlled by you
Hangzhou Gongshu State-owned Innovation Development Co., Ltd. 2201 Interest of corporation controlled by you

FAR International Holdings Group Co Headlines

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