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Shaanxi Huaqin Technology Industry Co (SHSE:688281) Net-Net Working Capital : ¥8.05 (As of Mar. 2025)


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What is Shaanxi Huaqin Technology Industry 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.

Shaanxi Huaqin Technology Industry Co's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ¥8.05.

The industry rank for Shaanxi Huaqin Technology Industry Co's Net-Net Working Capital or its related term are showing as below:

SHSE:688281's Price-to-Net-Net-Working-Capital is ranked better than
79.79% of 94 companies
in the Aerospace & Defense industry
Industry Median: 15.16 vs SHSE:688281: 6.77

Shaanxi Huaqin Technology Industry Co Net-Net Working Capital Historical Data

The historical data trend for Shaanxi Huaqin Technology Industry 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.

Shaanxi Huaqin Technology Industry Co Net-Net Working Capital Chart

Shaanxi Huaqin Technology Industry Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial -0.46 0.37 10.41 9.19 8.33

Shaanxi Huaqin Technology Industry Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.88 8.64 8.49 8.33 8.05

Competitive Comparison of Shaanxi Huaqin Technology Industry Co's Net-Net Working Capital

For the Aerospace & Defense subindustry, Shaanxi Huaqin Technology Industry 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.


Shaanxi Huaqin Technology Industry Co's Price-to-Net-Net-Working-Capital Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Shaanxi Huaqin Technology Industry Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Shaanxi Huaqin Technology Industry Co's Price-to-Net-Net-Working-Capital falls into.


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Shaanxi Huaqin Technology Industry Co Net-Net Working Capital Calculation

Shaanxi Huaqin Technology Industry 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)
=(3051.133+0.75 * 778.253+0.5 * 219.888-1373.283
-0-100.658)/272.571
=8.33

Shaanxi Huaqin Technology Industry 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)
=(2999.596+0.75 * 832.482+0.5 * 251.519-1459.314
-0-97.155)/272.571
=8.05

* 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.


Shaanxi Huaqin Technology Industry Co  (SHSE:688281) 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.


Shaanxi Huaqin Technology Industry Co Net-Net Working Capital Related Terms

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Shaanxi Huaqin Technology Industry Co Business Description

Traded in Other Exchanges
N/A
Address
No. 188 West Avenue, High-tech Zone, Shaanxi Province, Xi'an City, CHN, 710119
Shaanxi Huaqin Technology Industry Co Ltd specializes in the research and development, production and sales of stealth materials, camouflage materials and protective materials. The products and technologies are mainly used in the stealth of national defense weapons and equipment, the camouflage of important ground military targets and the surface protection of various equipment.
Executives
Dou Yong Qing Senior management, core technical personnel
Zhe Sheng Yang Director
Xu Jian Sheng senior management
Li Peng Senior management, core technical personnel
Huang Zhi Bin Directors, senior managers, core technical personn
Wang Jun Fang senior management
Luo Fa Director
Wu Teng Fei Director
Sun Ji Zhou Director
Zhou Wan Cheng Directors, senior managers, core technical personn
Li Zhan Core technical personnel

Shaanxi Huaqin Technology Industry Co Headlines

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