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Keep (HKSE:03650) Net-Net Working Capital : HK$2.96 (As of Dec. 2023)


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What is Keep 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.

Keep's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$2.96.

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

HKSE:03650's Price-to-Net-Net-Working-Capital is ranked better than
83.26% of 1219 companies
in the Software industry
Industry Median: 7.4 vs HKSE:03650: 2.71

Keep Net-Net Working Capital Historical Data

The historical data trend for Keep'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.

Keep Net-Net Working Capital Chart

Keep Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
-5.23 -9.84 -16.74 -16.97 2.96

Keep Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial -16.74 - -16.97 -15.01 2.96

Competitive Comparison of Keep's Net-Net Working Capital

For the Software - Application subindustry, Keep'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.

Keep's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, Keep's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


Keep Net-Net Working Capital Calculation

Keep'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)
=(1932.629+0.75 * 249.687+0.5 * 132.763-629.57
-0-0)/525.672
=2.96

Keep'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)
=(1932.629+0.75 * 249.687+0.5 * 132.763-629.57
-0-0)/525.672
=2.96

* 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.

Keep  (HKSE:03650) 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.

Keep Net-Net Working Capital Related Terms

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

Keep (HKSE:03650) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Keep Inc (HKSE:03650) » Definitions » Net-Net Working Capital
Comparable Companies
HKSE:09878 HKSE:02013 HKSE:01675 HKSE:00909 HKSE:03738 HKSE:01782 HKSE:09911 HKSE:09669 HKSE:06610 HKSE:00596 CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
N/A
Address
No. 9 Wangjing Street, Building D, Vanke Time Square, Chaoyang, Beijing, CHN
Website
https://keep.com
Keep Inc is a growing and result-oriented platform that provides users with a comprehensive fitness solution to help them achieve their fitness goals. It offers extensive and professional fitness content with AI-assisted personalized curriculums, encompassing interactive live-streaming classes and recorded fitness courses, that dynamically adjust course content and workout intensity based on users' athletic levels, fitness goals, daily workout patterns and diet. Its content is complemented by a variety of smart fitness devices, fitness gear, apparel and food, which enables seamlessly connecting the physical and digital realms to create an immersive, one-stop fitness experience.
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