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RAY (Raytech Holding) Net-Net Working Capital : $0.50 (As of Sep. 2024)


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What is Raytech Holding 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.

Raytech Holding's Net-Net Working Capital for the quarter that ended in Sep. 2024 was $0.50.

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
85.74% of 617 companies
in the Consumer Packaged Goods industry
Industry Median: 6.89 vs RAY: 2.41

Raytech Holding Net-Net Working Capital Historical Data

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.

* Premium members only.

Raytech Holding Net-Net Working Capital Chart

Raytech Holding Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
0.01 0.08 0.11 0.15

Raytech Holding Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Net-Net Working Capital Get a 7-Day Free Trial 0.10 0.11 0.15 0.15 0.50

Competitive Comparison of Raytech Holding's Net-Net Working Capital

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's Price-to-Net-Net-Working-Capital Distribution in the 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.


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Raytech Holding Net-Net Working Capital Calculation

Raytech Holding's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.587+0.75 * 1.861+0.5 * 0.237-3.456
-0-0)/17.500
=0.15

Raytech Holding'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)
=(10.403+0.75 * 1.73+0.5 * 0.146-2.88
-0-0)/17.613
=0.50

* 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.

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

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Raytech Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Raytech Holding Ltd (NAS:RAY) » Definitions » Net-Net Working Capital
Comparable Companies
UG GROV DQWS PURE SNBH TANH XAGE DSY SKVI ACU PG XPAR:OR LSE:ULVR CL BOM:500696 KMB KVUE LSE:RKT XTER:HEN3 XTER:BEI
Traded in Other Exchanges
N/A
Address
No.19 Lam Lok Street, Unit 609, 6th Floor, Nan Fung Commercial Centre, Kowloon Bay, Hong Kong, HKG
Website
https://www.raytech.com.hk
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.