GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » FAWER Automotive Parts Ltd Co (SZSE:000030) » Definitions » Net-Net Working Capital

FAWER Automotive Parts Co (SZSE:000030) Net-Net Working Capital : ¥-2.58 (As of Mar. 2024)


View and export this data going back to 1993. Start your Free Trial

What is FAWER Automotive Parts 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.

FAWER Automotive Parts Co's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ¥-2.58.

The industry rank for FAWER Automotive Parts Co's Net-Net Working Capital or its related term are showing as below:

SZSE:000030's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.58
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

FAWER Automotive Parts Co Net-Net Working Capital Historical Data

The historical data trend for FAWER Automotive Parts 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.

FAWER Automotive Parts Co Net-Net Working Capital Chart

FAWER Automotive Parts Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.58 -2.13 -1.38 -1.66 -2.21

FAWER Automotive Parts Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -1.93 -2.06 -2.17 -2.21 -2.58

Competitive Comparison of FAWER Automotive Parts Co's Net-Net Working Capital

For the Auto Parts subindustry, FAWER Automotive Parts 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.


FAWER Automotive Parts Co's Price-to-Net-Net-Working-Capital Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, FAWER Automotive Parts Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where FAWER Automotive Parts Co's Price-to-Net-Net-Working-Capital falls into.



FAWER Automotive Parts Co Net-Net Working Capital Calculation

FAWER Automotive Parts Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2179.631+0.75 * 3541.968+0.5 * 1244.08-8174.731
-0-1130.905)/1741.64
=-2.21

FAWER Automotive Parts Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1434.013+0.75 * 3071.417+0.5 * 1321.651-7724.376
-0-1170.038)/1741.64
=-2.58

* 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.


FAWER Automotive Parts Co  (SZSE:000030) 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.


FAWER Automotive Parts Co Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of FAWER Automotive Parts Co's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


FAWER Automotive Parts Co (SZSE:000030) Business Description

Traded in Other Exchanges
Address
777 Dongfeng South Street, Xixin Economic Development Zone, Jilin Province, Changchun City, CHN, 130033
FAWER Automotive Parts Ltd Co is engaged in manufacturing automotive parts and components of environment control systems, chassis systems, steering and transmission systems, safety systems, engine accessory systems.
Executives
Wang Xiao Ping Directors, executives
Gan Xian Guo Directors, executives
Yang Yi Ping Executives
Du Xin Yue Executives
Zu Xue Zhong Executives
Ye Fan Directors, executives
Ban Wu Director
Niu Su Yan Supervisors
Gong Yi Heng Supervisors

FAWER Automotive Parts Co (SZSE:000030) Headlines

No Headlines