GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Vietnam Engine & Agricultural Machinery Corp (HSTC:VEA) » Definitions » Net-Net Working Capital

Vietnam Engine & Agricultural Machinery (HSTC:VEA) Net-Net Working Capital : ₫14,885.96 (As of Sep. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Vietnam Engine & Agricultural Machinery 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.

Vietnam Engine & Agricultural Machinery's Net-Net Working Capital for the quarter that ended in Sep. 2024 was ₫14,885.96.

The industry rank for Vietnam Engine & Agricultural Machinery's Net-Net Working Capital or its related term are showing as below:

HSTC:VEA's Price-to-Net-Net-Working-Capital is ranked better than
86.11% of 72 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 8.255 vs HSTC:VEA: 2.67

Vietnam Engine & Agricultural Machinery Net-Net Working Capital Historical Data

The historical data trend for Vietnam Engine & Agricultural Machinery'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.

Vietnam Engine & Agricultural Machinery Net-Net Working Capital Chart

Vietnam Engine & Agricultural Machinery Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
8,921.11 9,582.27 9,039.82 8,984.00 9,707.74

Vietnam Engine & Agricultural Machinery Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 13,815.57 9,707.74 12,380.61 12,596.94 14,885.96

Competitive Comparison of Vietnam Engine & Agricultural Machinery's Net-Net Working Capital

For the Farm & Heavy Construction Machinery subindustry, Vietnam Engine & Agricultural Machinery'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.


Vietnam Engine & Agricultural Machinery's Price-to-Net-Net-Working-Capital Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Vietnam Engine & Agricultural Machinery's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Vietnam Engine & Agricultural Machinery's Price-to-Net-Net-Working-Capital falls into.


;
;

Vietnam Engine & Agricultural Machinery Net-Net Working Capital Calculation

Vietnam Engine & Agricultural Machinery'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)
=(13246087.33+0.75 * 866369.606+0.5 * 1283928.195-1407071.676
-0-231112.094)/1328.800
=9,707.74

Vietnam Engine & Agricultural Machinery's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as

Net-Net Working Capital(Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(19956484.268+0.75 * 876265.096+0.5 * 1245811.58-1252637.827
-0-203484.563)/1328.800
=14,885.96

* 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.


Vietnam Engine & Agricultural Machinery  (HSTC:VEA) 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.


Vietnam Engine & Agricultural Machinery Net-Net Working Capital Related Terms

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


Vietnam Engine & Agricultural Machinery Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Zone D Group D1, Phu Thuong Ward, Tay Ho District, HaNoi, VNM
Vietnam Engine & Agricultural Machinery Corp is engaged in manufacturing and trading machinery and spare parts for agricultural, forestry and fishery production and transportation. Its products include VEAM cars, tractors, engine, agricultural machinery, and accessories.

Vietnam Engine & Agricultural Machinery Headlines

From GuruFocus

Provident Wealth Management, LLC Buys 1, Sells 4 in 4th Quarter

By GuruFocus Research GuruFocus Editor 01-19-2023

JT Stratford LLC Buys 2, Sells 3 in 4th Quarter

By GuruFocus Research GuruFocus Editor 02-17-2023

TECTONIC ADVISORS LLC Buys 2, Sells 3 in 4th Quarter

By GuruFocus Research GuruFocus Editor 02-15-2023

Top 5 4th Quarter Trades of Coyle Financial Counsel LLC

By GuruFocus Research GuruFocus Editor 02-15-2023

Peterson Wealth Services Buys 3, Sells 2 in 4th Quarter

By GuruFocus Research GuruFocus Editor 01-21-2023

Evolution Advisers, Inc. Buys 3, Sells 2 in 3rd Quarter

By GuruFocus Research GuruFocus Editor 11-01-2022

Top 5 3rd Quarter Trades of Liberty Capital Management, Inc.

By GuruFocus Research GuruFocus Editor 11-09-2022

WealthNavi Inc. Goes on Buying Spree in 4th Quarter

By GuruFocus Research GuruFocus Editor 01-18-2023

KWMG, LLC Goes on Buying Spree in 4th Quarter

By GuruFocus Research GuruFocus Editor 01-11-2023

Fi3 FINANCIAL ADVISORS, LLC's Top 5 Buys of the 4th Quarter

By GuruFocus Research GuruFocus Editor 02-07-2023