GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guoquan Food (Shanghai) Co Ltd (HKSE:02517) » Definitions » Net-Net Working Capital

Guoquan Food (Shanghai) Co (HKSE:02517) Net-Net Working Capital : HK$0.25 (As of Dec. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$0.25.

The industry rank for Guoquan Food (Shanghai) Co's Net-Net Working Capital or its related term are showing as below:

HKSE:02517's Price-to-Net-Net-Working-Capital is ranked worse than
76.51% of 579 companies
in the Consumer Packaged Goods industry
Industry Median: 7.4 vs HKSE:02517: 19.60

Guoquan Food (Shanghai) Co Net-Net Working Capital Historical Data

The historical data trend for Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co Net-Net Working Capital Chart

Guoquan Food (Shanghai) Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
-0.03 0.23 -0.05 0.25

Guoquan Food (Shanghai) Co Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital -0.03 0.23 -0.05 0.25

Competitive Comparison of Guoquan Food (Shanghai) Co's Net-Net Working Capital

For the Packaged Foods subindustry, Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guoquan Food (Shanghai) Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Guoquan Food (Shanghai) Co's Price-to-Net-Net-Working-Capital falls into.


Guoquan Food (Shanghai) Co Net-Net Working Capital Calculation

Guoquan Food (Shanghai) 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)
=(1781.358+0.75 * 59.352+0.5 * 786.99-1392.231
-0-127.541)/2747.36
=0.25

Guoquan Food (Shanghai) 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)
=(1781.358+0.75 * 59.352+0.5 * 786.99-1392.231
-0-127.541)/2747.36
=0.25

* 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.

Guoquan Food (Shanghai) Co  (HKSE:02517) 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.

Guoquan Food (Shanghai) Co Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Guoquan Food (Shanghai) Co's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.

Guoquan Food (Shanghai) Co (HKSE:02517) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guoquan Food (Shanghai) Co Ltd (HKSE:02517) » Definitions » Net-Net Working Capital
Comparable Companies
Traded in Other Exchanges
N/A
Address
Lane 187, Xinghong Road, Room 802, No. 3, Minhang, Shanghai, CHN
Website
http://www.zzgqsh.com
Guoquan Food (Shanghai) Co Ltd is the leading and rapidly growing home meal products brand in China. It offers a variety of ready-to-eat, ready-to-heat, ready-to-cook and prepared ingredients, with a focus on at-home hotpot and barbecue products. With a carefully curated product portfolio and an extensive network of community-based stores, it enables consumers to enjoy meals at home with convenience, affordability and tastiness. Leveraging its robust supply chain and production capabilities, The company offers a wide variety of home meal products under the Guoquan Shihui brand through a nationwide network of 9,844 retail stores in China, serving diverse dining scenarios.
Executives
Zhao Yin Guo Ji Zi Ben Guan Li Shen Zhen You Xian Gong Si
Generation One Holdings Ltd 2101 Beneficial owner
Vision Knight Capital (china) Fund Ii, L.p. 2201 Interest of corporation controlled by you
Vision Knight Capital (china) Gp Ii, L.p. 2201 Interest of corporation controlled by you
Vkc (china) Gp Ii Ltd. 2201 Interest of corporation controlled by you
Vkc Cayman Ii Ltd. 2201 Interest of corporation controlled by you
Ho Chi Sing 2201 Interest of corporation controlled by you
Wei Zhe 2201 Interest of corporation controlled by you
Zhao Shang Yin Xing Gu Fen You Xian Gong Si
Li Zhujie 2201 Interest of corporation controlled by you
Zhao Yin Guo Ji Jin Rong Kong Gu You Xian Gong Si
Zhao Yin Guo Ji Jin Rong You Xian Gong Si
Zhao Yin Jin Rong Kong Gu Shen Zhen You Xian Gong Si
Shang Hai Guo Xiao Quan Qi Ye Guan Li Zhong Xin You Xian He Huo 2101 Beneficial owner
San Quan Shi Pin Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you

Guoquan Food (Shanghai) Co (HKSE:02517) Headlines

No Headlines