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Overseas Chinese Town (Asia) Holdings (HKSE:03366) Net-Net Working Capital : HK$-21.11 (As of Dec. 2023)


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What is Overseas Chinese Town (Asia) Holdings 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.

Overseas Chinese Town (Asia) Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$-21.11.

The industry rank for Overseas Chinese Town (Asia) Holdings's Net-Net Working Capital or its related term are showing as below:

HKSE:03366's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.41
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Overseas Chinese Town (Asia) Holdings Net-Net Working Capital Historical Data

The historical data trend for Overseas Chinese Town (Asia) Holdings'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.

Overseas Chinese Town (Asia) Holdings Net-Net Working Capital Chart

Overseas Chinese Town (Asia) Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.15 -11.98 -15.13 -12.57 -21.11

Overseas Chinese Town (Asia) Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -14.47 -12.57 -19.42 -21.11 -

Competitive Comparison of Overseas Chinese Town (Asia) Holdings's Net-Net Working Capital

For the Real Estate - Development subindustry, Overseas Chinese Town (Asia) Holdings'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.


Overseas Chinese Town (Asia) Holdings's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Overseas Chinese Town (Asia) Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Overseas Chinese Town (Asia) Holdings's Price-to-Net-Net-Working-Capital falls into.



Overseas Chinese Town (Asia) Holdings Net-Net Working Capital Calculation

Overseas Chinese Town (Asia) Holdings'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)
=(2687.781+0.75 * 60.613+0.5 * 13577.665-21431.829
-0-3891.094)/748.366
=-21.11

Overseas Chinese Town (Asia) Holdings'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)
=(2687.781+0.75 * 60.613+0.5 * 13577.665-21431.829
-0-3891.094)/748.366
=-21.11

* 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.


Overseas Chinese Town (Asia) Holdings  (HKSE:03366) 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.


Overseas Chinese Town (Asia) Holdings Net-Net Working Capital Related Terms

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Overseas Chinese Town (Asia) Holdings Business Description

Traded in Other Exchanges
N/A
Address
1 Garden Road, 59th Floor, Bank of China Tower, Hong Kong, HKG
Overseas Chinese Town (Asia) Holdings Ltd is an investment holding company. It operates its business through three segments. The Comprehensive Development Business segment which drives the majority of revenue is engaged in the development and operation of the tourism theme park, the development, and sales of residential properties, and the development and management of properties; Equity investment and fund business segment engage in the investment in new urbanization industrial ecospheres, such as domestic and overseas direct investments, industrial funds, and education. The Finance lease business segment engages in the finance lease business. It generates the majority of its revenue from Mainland China.
Executives
Pacific Climax Limited 2101 Beneficial owner
Shen Zhen Hua Qiao Cheng Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Hua Qiao Cheng Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Xiang Gang Hua Qiao Cheng You Xian Gong Si 2201 Interest of corporation controlled by you

Overseas Chinese Town (Asia) Holdings Headlines

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