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Raytech HoldingRAY 24 Net-Net Working Capital is $4.62 as of Sep. 2025. GuruFocus rates RAY with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 662 Consumer Packaged Goods companies, Raytech Holding ranks better than 97.58% on this metric.
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.
Raytech Holding's Net-Net Working Capital for the quarter that ended in Sep. 2025 was $4.62.
The industry rank for Raytech Holding's Net-Net Working Capital or its related term are showing as below:
RAY's Price-to-Net-Net-Working-Capital is ranked better than 97.58% of 662
companies
in the Consumer Packaged Goods industry
Industry Median: 6.59
vs RAY: 0.63
Raytech Holding (NAS:RAY) 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.
Raytech Holding Net-Net Working Capital Related Terms
Raytech Holding Net-Net Working Capital Historical Data
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The historical data trend for Raytech Holding'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.
RAY vs DQWS, PURE, TANH: Net-Net Working Capital Comparison
For the Household & Personal Products subindustry, Raytech Holding'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.
Raytech Holding Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Raytech Holding's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Raytech Holding's Price-to-Net-Net-Working-Capital falls into.
* 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.
What does a Net-Net Working Capital of $4.62 mean?
Raytech Holding (RAY) has a Net-Net Working Capital of $4.62 as of Sep. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Raytech Holding According to the industry distribution chart, Raytech Holding ranks #16 out of 662 companies in the Consumer Packaged Goods industry, placing it in the top 2.4%.
Is Raytech Holding's Net-Net Working Capital too high?
Raytech Holding's current Net-Net Working Capital is $4.62. The Consumer Packaged Goods industry median Net-Net Working Capital is 6.59. Raytech Holding's value of $4.62 is 29.9% below this industry median. Based on the distribution chart, Raytech Holding ranks #16 out of 662 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Raytech Holding has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Raytech Holding's Net-Net Working Capital compare to DQWS and PURE?
According to the Consumer Packaged Goods industry distribution chart, Raytech Holding ranks #16 out of 662 companies for Net-Net Working Capital. This places Raytech Holding in the top 2% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.59. Raytech Holding's value of $4.62 is 29.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.59, based on 662 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Raytech Holding's current Net-Net Working Capital of $4.62 is 29.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Raytech Holding For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raytech Holding's current Net-Net Working Capital is $4.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raytech Holding stock overvalued right now?
Raytech Holding (RAY) has a current Net-Net Working Capital of $4.62. The current Net-Net Working Capital is $4.62 and 29.9% below the Consumer Packaged Goods industry median of 6.59. Raytech Holding's overall GF Score™ is 24/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Raytech Holding (RAY), the current Net-Net Working Capital is $4.62 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Raytech Holding Ltd is principally engaged in product designing and manufacturing of various product ranges such as Hair Care, Men's Care and Women's Care products. It has sourced and wholesaled a wide range of personal care electrical appliances, which can be broadly classified into seven categories: hair styling series, including hair dryer, hair straightener and curling iron; trimmer series, including facial shaver, nose trimmer and eyebrow trimmer; eyelash curler; neck care series; nail care series; tooling and other personal care appliances such as body and facial brush, reset brush, callus remover, sonic peeling, handy fan and others. Raytech manufactures products under OEM and ODM.
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