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SAIH (Saiheat) Net-Net Working Capital : $-1.45 (As of Dec. 2024)


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What is Saiheat 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.

Saiheat's Net-Net Working Capital for the quarter that ended in Dec. 2024 was $-1.45.

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

SAIH's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 8.77
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Saiheat Net-Net Working Capital Historical Data

The historical data trend for Saiheat'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.

Saiheat Net-Net Working Capital Chart

Saiheat Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial -2.04 -9.79 7.63 1.68 -1.45

Saiheat Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 7.63 7.22 1.68 0.14 -1.45

Competitive Comparison of Saiheat's Net-Net Working Capital

For the Information Technology Services subindustry, Saiheat'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.


Saiheat's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, Saiheat's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Saiheat Net-Net Working Capital Calculation

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

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.058+0.75 * 0.237+0.5 * 0.772-4.168
-0-0)/1.753
=-1.45

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

Net-Net Working Capital(Q: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.058+0.75 * 0.237+0.5 * 0.772-4.168
-0-0)/1.753
=-1.45

* 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.


Saiheat  (NAS:SAIH) 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.


Saiheat Net-Net Working Capital Related Terms

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Saiheat Business Description

Industry
Traded in Other Exchanges
N/A
Address
266A South Bridge Road, No. 02-01, Singapore, SGP, 058815
Saiheat Ltd develops technologies for the Computing Center Ecosystem (ACCE), a next-gen computing center featuring high-performance servers, liquid cooling, and systems for capturing and recycling computing heat. It aims to reduce the carbon footprint of Bitcoin mining and AI operations. The Company has four reportable segments: equipment sales, hosting, mining pool business, and mining.
Executives
Michael Davidov director 60 EAST 42 STREET, NEW YORK NY 10165
Tao Jiang director 3 STONER AVE, GREAT NECK NY 11021
Luqi Wen officer: CFO and Secretary 3 STONER AVE, GREAT NECK NY 11021
Jianwei Li director, 10 percent owner, officer: Chairman and Co-CEO 3 STONER AVE, GREAT NECK NY 11021
David Xianglin Li director 3 STONER AVE, GREAT NECK NY 11021
Tradeup Global Sponsor Llc director, 10 percent owner 3 STONER AVE, GREAT NECK NY 11021
Lei Huang officer: Co-Chief Executive Officer 3 STONER AVE, GREAT NECK NY 10021