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YTO International Express and Supply Chain Technology (HKSE:06123) Net-Net Working Capital : HK$1.68 (As of Dec. 2023)


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What is YTO International Express and Supply Chain Technology 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.

YTO International Express and Supply Chain Technology's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$1.68.

The industry rank for YTO International Express and Supply Chain Technology's Net-Net Working Capital or its related term are showing as below:

HKSE:06123's Price-to-Net-Net-Working-Capital is ranked better than
95.17% of 207 companies
in the Transportation industry
Industry Median: 5.2 vs HKSE:06123: 0.96

YTO International Express and Supply Chain Technology Net-Net Working Capital Historical Data

The historical data trend for YTO International Express and Supply Chain Technology'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.

YTO International Express and Supply Chain Technology Net-Net Working Capital Chart

YTO International Express and Supply Chain Technology 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 0.32 0.59 0.66 1.46 1.68

YTO International Express and Supply Chain Technology Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.66 1.21 1.46 1.93 1.68

Competitive Comparison of YTO International Express and Supply Chain Technology's Net-Net Working Capital

For the Integrated Freight & Logistics subindustry, YTO International Express and Supply Chain Technology'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.


YTO International Express and Supply Chain Technology's Price-to-Net-Net-Working-Capital Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, YTO International Express and Supply Chain Technology's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where YTO International Express and Supply Chain Technology's Price-to-Net-Net-Working-Capital falls into.



YTO International Express and Supply Chain Technology Net-Net Working Capital Calculation

YTO International Express and Supply Chain Technology'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)
=(827.629+0.75 * 1044.855+0.5 * 0-898.204
-0-6.106)/420.19
=1.68

YTO International Express and Supply Chain Technology'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)
=(827.629+0.75 * 1044.855+0.5 * 0-898.204
-0-6.106)/420.19
=1.68

* 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.


YTO International Express and Supply Chain Technology  (HKSE:06123) 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.


YTO International Express and Supply Chain Technology Net-Net Working Capital Related Terms

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YTO International Express and Supply Chain Technology (HKSE:06123) Business Description

Traded in Other Exchanges
N/A
Address
39 Wang Kwong Road, Suite 2208, 22nd Floor, Office Tower, Skyline Tower, Kowloon Bay, Hong Kong, HKG
YTO International Express and Supply Chain Technology Ltd is an investment holding company. It is engaged in the provision of freight and logistics services and other related services. The company's operating segment includes Air freight; Ocean freight; Logistics; International express and parcel and Others. It generates maximum revenue from the Airfreight segment. The Airfreight segment is related to freight forwarding by air. Geographically, it derives a majority of its revenue from PRC.
Executives
Yu Huijiao
Zhang Xiaojuan
Yto Global Holdings Limited
Yuan Tong Su Di Gu Fen You Xian Gong Si
Shang Hai Yuan Tong Jiao Long Tou Zi Fa Zhan Ji Tuan You Xian Gong Si

YTO International Express and Supply Chain Technology (HKSE:06123) Headlines

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