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360 Ludashi Holdings (HKSE:03601) Net-Net Working Capital : HK$1.96 (As of Dec. 2024)


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What is 360 Ludashi 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.

360 Ludashi Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2024 was HK$1.96.

The industry rank for 360 Ludashi Holdings's Net-Net Working Capital or its related term are showing as below:

HKSE:03601's Price-to-Net-Net-Working-Capital is ranked better than
98.68% of 302 companies
in the Interactive Media industry
Industry Median: 5.495 vs HKSE:03601: 0.52

360 Ludashi Holdings Net-Net Working Capital Historical Data

The historical data trend for 360 Ludashi 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.

360 Ludashi Holdings Net-Net Working Capital Chart

360 Ludashi Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only 1.61 2.05 2.15 2.12 1.96

360 Ludashi Holdings Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 2.15 2.09 2.12 1.88 1.96

Competitive Comparison of 360 Ludashi Holdings's Net-Net Working Capital

For the Internet Content & Information subindustry, 360 Ludashi 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.


360 Ludashi Holdings's Price-to-Net-Net-Working-Capital Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, 360 Ludashi Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where 360 Ludashi Holdings's Price-to-Net-Net-Working-Capital falls into.


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360 Ludashi Holdings Net-Net Working Capital Calculation

360 Ludashi Holdings'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)
=(518.18+0.75 * 167.871+0.5 * 0.164-115.033
-0-0.69)/269.000
=1.96

360 Ludashi Holdings'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)
=(518.18+0.75 * 167.871+0.5 * 0.164-115.033
-0-0.69)/269.000
=1.96

* 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.


360 Ludashi Holdings  (HKSE:03601) 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.


360 Ludashi Holdings Net-Net Working Capital Related Terms

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360 Ludashi Holdings Business Description

Traded in Other Exchanges
N/A
Address
1268 Tianfu Avenue, 11th Floor, 11-24 Tianfu Software Site E1, High-tech Zone, Sichuan Province, Chengdu, CHN, 610041
360 Ludashi Holdings Ltd is a hardware and system benchmarking and monitoring solutions provider for PC and mobile devices in China. The company derives revenue from two business lines, namely online traffic monetization and electronic device sales. The online traffic monetization revenue is derived from online advertising services, online game platforms, and the operation of exclusive licensed online game business. The revenue from electronic device sales mainly includes revenue from sales of smart accessories. The firm derives a majority of its revenue from online traffic monetization. Geographically, the company generates the majority of its revenue from the PRC.
Executives
True Thrive Limited 2101 Beneficial owner
Dashi Technology Holdings Limited 2101 Beneficial owner
Tian Ye 2201 Interest of corporation controlled by you
360 Security Technology Inc. 2201 Interest of corporation controlled by you
Tianjin Qixin Zhicheng Technology Company Limited 2201 Interest of corporation controlled by you
Zhou Hongyi 2201 Interest of corporation controlled by you
Shanghai Dongfangwang Stock Company Limited 2201 Interest of corporation controlled by you
Shanghai Songheng Network Technology Company Limited 2201 Interest of corporation controlled by you
360 Technology Group Co., Ltd. 2201 Interest of corporation controlled by you
True Thrive Limited 2101 Beneficial owner
Hong Kong Songyuan International Limited 2201 Interest of corporation controlled by you
Shanghai Gaoxin Computer System Company Limited 2201 Interest of corporation controlled by you
Songchang International Limited 2101 Beneficial owner

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