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Grace Wine Holdings (HKSE:08146) Net-Net Working Capital : HK$-0.01 (As of Dec. 2024)


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What is Grace Wine 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.

Grace Wine Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2024 was HK$-0.01.

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

HKSE:08146's Price-to-Net-Net-Working-Capital is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 9.245
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Grace Wine Holdings Net-Net Working Capital Historical Data

The historical data trend for Grace Wine 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.

Grace Wine Holdings Net-Net Working Capital Chart

Grace Wine Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.08 0.05 0.03 -0.01

Grace Wine Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 - 0.03 0.01 -0.01

Competitive Comparison of Grace Wine Holdings's Net-Net Working Capital

For the Beverages - Wineries & Distilleries subindustry, Grace Wine 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.


Grace Wine Holdings's Price-to-Net-Net-Working-Capital Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Grace Wine Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Grace Wine Holdings Net-Net Working Capital Calculation

Grace Wine 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)
=(36.822+0.75 * 0.83+0.5 * 105.956-98.684
-0-0)/800.600
=-0.01

Grace Wine 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)
=(36.822+0.75 * 0.83+0.5 * 105.956-98.684
-0-0)/800.600
=-0.01

* 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.


Grace Wine Holdings  (HKSE:08146) 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.


Grace Wine Holdings Net-Net Working Capital Related Terms

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Grace Wine Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 20 Westlands Road, Unit 2304, 23rd Floor, Westlands Centre, Quarry Bay, Hong Kong, HKG
Grace Wine Holdings Ltd is a China-based company engaged in the Winemaking business. Its wine product portfolio includes higher-end wine and entry-level wine. It offers Red wine, White and Sparkling wine, and Rose wine. The company mainly engaged in two reporting segments, namely the production of wines; and the production of spirits. The majority of revenue derives from the production of the wine segment. Geographically the group mainly operates in the PRC.
Executives
Chan Chun Keung 2202 Interest of your spouse
Wong Shu Ying 2101 Beneficial owner
Macmillan Equity Limited 2101 Beneficial owner
Chan Judy 2201 Interest of corporation controlled by you
Ting Tan Ming 2101 Beneficial owner
Palgrave Enterprises Limited 2101 Beneficial owner

Grace Wine Holdings Headlines

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