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Zhejiang Rongtai Electric Material Co (SHSE:603119) Net-Net Working Capital : ¥2.16 (As of Mar. 2025)


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What is Zhejiang Rongtai Electric Material Co 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.

Zhejiang Rongtai Electric Material Co's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ¥2.16.

The industry rank for Zhejiang Rongtai Electric Material Co's Net-Net Working Capital or its related term are showing as below:

SHSE:603119's Price-to-Net-Net-Working-Capital is ranked worse than
77.68% of 1205 companies
in the Hardware industry
Industry Median: 7.27 vs SHSE:603119: 17.66

Zhejiang Rongtai Electric Material Co Net-Net Working Capital Historical Data

The historical data trend for Zhejiang Rongtai Electric Material Co'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.

Zhejiang Rongtai Electric Material Co Net-Net Working Capital Chart

Zhejiang Rongtai Electric Material Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial -0.85 -0.52 -0.56 2.70 2.07

Zhejiang Rongtai Electric Material Co Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.71 2.00 2.16 2.07 2.16

Competitive Comparison of Zhejiang Rongtai Electric Material Co's Net-Net Working Capital

For the Electronic Components subindustry, Zhejiang Rongtai Electric Material Co'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.


Zhejiang Rongtai Electric Material Co's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhejiang Rongtai Electric Material Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Zhejiang Rongtai Electric Material Co's Price-to-Net-Net-Working-Capital falls into.


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Zhejiang Rongtai Electric Material Co Net-Net Working Capital Calculation

Zhejiang Rongtai Electric Material Co'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)
=(804.017+0.75 * 273.852+0.5 * 251.11-382.112
-0-0)/363.742
=2.07

Zhejiang Rongtai Electric Material Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(829.423+0.75 * 238.8+0.5 * 271.093-359.321
-0-0)/363.742
=2.16

* 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.


Zhejiang Rongtai Electric Material Co  (SHSE:603119) 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.


Zhejiang Rongtai Electric Material Co Net-Net Working Capital Related Terms

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Zhejiang Rongtai Electric Material Co Business Description

Traded in Other Exchanges
N/A
Address
No. 308, Zhongxing Road, Fengqiao Town, Nanhu, Zhejiang, Jiaxing, CHN, 314007
Zhejiang Rongtai Electric Material Co Ltd is a high-tech enterprise specializing in the research, development, production, and sales of new composite materials of high temperature resistant insulating mica with multiple plants in Zhejiang and Hunan, and is one of the global market leaders in mica products. Its main products include mica rigid materials, flexible materials, heat generating components, thermal management mica safety components and various mica derivative products. its mica products are widely used in new energy vehicles, rail transportation, aerospace and military ships, special wires and cables, intelligent household appliances and other related industrial fields, and provide customers with professional one-stop system solutions for electrical and thermal insulation.
Executives
Zheng Min Min Director
Ge Tai Rong Director
Cao Mei Sheng Director
Jing Fei Director

Zhejiang Rongtai Electric Material Co Headlines

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