Grand Fortune High Grade (LSE:GFHG) Net-Net Working Capital : £0.01 (As of Oct. 2023)

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What is Grand Fortune High Grade 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.

Grand Fortune High Grade's Net-Net Working Capital for the quarter that ended in Oct. 2023 was £0.01.

The industry rank for Grand Fortune High Grade's Net-Net Working Capital or its related term are showing as below:

LSE:GFHG's Price-to-Net-Net-Working-Capital is not ranked
in the Education industry.
Industry Median: 6.22 vs LSE:GFHG: 2.75

Grand Fortune High Grade Net-Net Working Capital Historical Data

The historical data trend for Grand Fortune High Grade'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.

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Grand Fortune High Grade Net-Net Working Capital Chart

Grand Fortune High Grade Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Net-Net Working Capital

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0.02

0.01

Grand Fortune High Grade Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Net-Net Working Capital	Get a 7-Day Free Trial								0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Grand Fortune High Grade's Net-Net Working Capital

For the Education & Training Services subindustry, Grand Fortune High Grade'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.

Grand Fortune High Grade's Price-to-Net-Net-Working-Capital Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Grand Fortune High Grade's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Grand Fortune High Grade's Price-to-Net-Net-Working-Capital falls into.

Grand Fortune High Grade Net-Net Working Capital Calculation

Grand Fortune High Grade's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Apr. 2023 is calculated as

	Net-Net Working Capital		(A: Apr. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.426	+	0.75 * 0	+	0.5 * 0	-	0.047
-	0	-	0)	/	160
=	0.01

Grand Fortune High Grade's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2023 is calculated as

	Net-Net Working Capital		(Q: Oct. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.093	+	0.75 * 0	+	0.5 * 0	-	0.05
-	0	-	0)	/	160
=	0.01

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.

Grand Fortune High Grade (LSE:GFHG) 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.

Grand Fortune High Grade Net-Net Working Capital Related Terms

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Grand Fortune High Grade (LSE:GFHG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Grand Fortune High Grade Ltd (LSE:GFHG) » Definitions » Net-Net Working Capital

Comparable Companies

BOM:501370 BOM:532019 OSTO:APRNDR HKSE:08417 HKSE:08160 BOM:533540 ISX:IDEA LEAI HKSE:08363 BOM:534312

Traded in Other Exchanges

N/A

Address

No. 2193 Guangyuan East, Room No. 1805, Times New World Center, Tianhe District, Guangdong Province, Guangzhou, CHN

Website

http://www.gf-hg.com

Grand Fortune High Grade Ltd provides financial training, corporate training, and professional qualification courses. The company is focused on development, by organic growth, it's a financial training business to satisfy the significant demand for financial sector specialists. The firm operates in a single segment namely the Development and operation of financial training courses in China.

Grand Fortune High Grade (LSE:GFHG) Headlines

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