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Jiangxi Rimag Group Co (HKSE:02522) Net-Net Working Capital : HK$-0.56 (As of Dec. 2024)


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What is Jiangxi Rimag 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.

Jiangxi Rimag Group Co's Net-Net Working Capital for the quarter that ended in Dec. 2024 was HK$-0.56.

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

HKSE:02522's Price-to-Net-Net-Working-Capital is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 7.46
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Jiangxi Rimag Group Co Net-Net Working Capital Historical Data

The historical data trend for Jiangxi Rimag 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.

Jiangxi Rimag Group Co Net-Net Working Capital Chart

Jiangxi Rimag Group Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
-0.52 -0.52 -0.44 -0.56

Jiangxi Rimag Group Co Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
Net-Net Working Capital Get a 7-Day Free Trial -0.52 - -0.44 -0.06 -0.56

Competitive Comparison of Jiangxi Rimag Group Co's Net-Net Working Capital

For the Medical Care Facilities subindustry, Jiangxi Rimag 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.

Jiangxi Rimag Group Co's Price-to-Net-Net-Working-Capital Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Jiangxi Rimag Group Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Jiangxi Rimag Group Co Net-Net Working Capital Calculation

Jiangxi Rimag 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)
=(280.57+0.75 * 506.302+0.5 * 7.201-832.525
-0-30.304)/356.312
=-0.56

Jiangxi Rimag 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)
=(280.57+0.75 * 506.302+0.5 * 7.201-832.525
-0-30.304)/356.312
=-0.56

* 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.

Jiangxi Rimag Group Co  (HKSE:02522) 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.

Jiangxi Rimag Group Co Net-Net Working Capital Related Terms

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Jiangxi Rimag Group Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jiangxi Rimag Group Co Ltd (HKSE:02522) » Definitions » Net-Net Working Capital
Comparable Companies
HKSE:01951 HKSE:02273 HKSE:01515 HKSE:06078 HKSE:02373 HKSE:02453 HKSE:01830 HKSE:03309 HKSE:02219 HKSE:00708 HCA XTER:FRE SAU:4013 XTER:FME SZSE:300015 THC BSP:RDOR3 XKLS:5225 BOM:543220 UHS
Traded in Other Exchanges
N/A
Address
Minzuyuan Road, Building 2, 2 Minzuyuan, 3rd Floor, Chaoyang District, Beijing, CHN
Website
https://www.rimag.com.cn
Jiangxi Rimag Group Co Ltd is a medical group specializing in medical imaging in China. the company generates revenue mainly through the following medical imaging services and solutions: Imaging Center Services, Imaging Solution Services, and Rimag Cloud Services. The Imaging Center Services include examination and diagnostic services to patients and other healthcare consumers via its flagship imaging centers, such as MRI, CT, PET, X-ray, ultrasound and mammography. Majority of the revenue comes from Imaging center services.
Executives
The Goldman Sachs Group, Inc. 2201 Interest of corporation controlled by you
Chen Zhaoyang 2201 Interest of corporation controlled by you
Ning Bo Mei Shan Bao Shui Gang Qu Bai Yi Tou Zi Guan Li He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Ning Bo Mei Shan Bao Shui Gang Qu Bai Shan Tou Zi Guan Li He Huo Qi Ye You Xian He Huo 2101 Beneficial owner
Ning Bo Mei Shan Bao Shui Gang Qu Bai Ning Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Baidu, Inc. 2201 Interest of corporation controlled by you
Ubs Trustees (b.v.i.) Limited 2301 Trustee
Suqian Jd Yingzheng Enterprise Management Consulting Co., Ltd. 2101 Beneficial owner
Max Smart Limited 2201 Interest of corporation controlled by you
Liu Qiangdong Richard 2305 Beneficiary of a trust
Jd.com, Inc. 2201 Interest of corporation controlled by you
Jd Jiankang Limited 2201 Interest of corporation controlled by you
Jd Health International Inc. 2201 Interest of corporation controlled by you
Nan Chang Yi Mai Yang Guang Qi Ye Guan Li Zhong Xin You Xian He Huo 2101 Beneficial owner

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