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Namliong SkyCosmos (Namliong SkyCosmos) Net-Net Working Capital : $-0.13 (As of Mar. 2024)


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What is Namliong SkyCosmos 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.

Namliong SkyCosmos's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-0.13.

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

NLSC's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.75
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Namliong SkyCosmos Net-Net Working Capital Historical Data

The historical data trend for Namliong SkyCosmos'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.

Namliong SkyCosmos Net-Net Working Capital Chart

Namliong SkyCosmos Annual Data
Trend Sep06 Dec07 Dec08 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.03 -0.04 - - -0.12

Namliong SkyCosmos Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.01 -0.10 -0.11 -0.12 -0.13

Competitive Comparison of Namliong SkyCosmos's Net-Net Working Capital

For the Shell Companies subindustry, Namliong SkyCosmos'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.


Namliong SkyCosmos's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Namliong SkyCosmos's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Namliong SkyCosmos Net-Net Working Capital Calculation

Namliong SkyCosmos'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)
=(0+0.75 * 0+0.5 * 0-1.823
-0-0)/14.7065
=-0.12

Namliong SkyCosmos's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0-1.942
-0-0)/14.7065
=-0.13

* 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.


Namliong SkyCosmos  (OTCPK:NLSC) 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.


Namliong SkyCosmos Net-Net Working Capital Related Terms

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Namliong SkyCosmos (Namliong SkyCosmos) Business Description

Traded in Other Exchanges
N/A
Address
No. 357, Ren’ai Street, Yongkang District, Tainan City, TWN, 71072
Namliong SkyCosmos Inc is a shell company.
Executives
Cheng-hsing Hsu director, 10 percent owner, officer: Chief Financial Officer NO. 97, YUNONG 3 ST.,, EASTERN DIST., TAINAN F5 701
Chung-pin Hsiao director, officer: Chief Executive Officer C/O KREIDO BIOFUELS, UNIT 1010-15,10F, TOWER B, 14 SCIENCE MUSEUM ROAD, TSIM SHA TSUI EAST K3 84109
Yu-chiao Hsiao director, officer: Secretary C/O KREIDO BIOFUELS, UNIT 1010-15,10F, TOWER B, 14 SCIENCE MUSEUM ROAD, TSIM SHA TSUI EAST K3 84109
Orient Express & Co., Ltd. 10 percent owner PO BOX 217, OFFSHORE CHAMBERS, APIA Y0 00000
Wai Lim Wong director, officer: CEO, CFO and Secretary 22A-3 JELON METRO PUDU, FRASER BUSINESS PARK, KUALA LUMPUR N8 55100
Chun Ju Dou 10 percent owner FLAT F, 11/F, POWER INDUSTRIAL BUILDING, 9-15 WO HEUNG ST., FO TAN, SHA TIN K3 00000
Chao Zhang 10 percent owner FLAT F, 11/F, POWER INDUSTRIAL BUILDING, 9-15 WO HEUNG ST., FO TAN, SHA TIN K3 00000

Namliong SkyCosmos (Namliong SkyCosmos) Headlines

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