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Zhejiang Xianju Pharmaceutical Co (SZSE:002332) Net-Net Working Capital : ¥1.24 (As of Mar. 2025)


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What is Zhejiang Xianju Pharmaceutical 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 Xianju Pharmaceutical Co's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ¥1.24.

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

SZSE:002332's Price-to-Net-Net-Working-Capital is ranked better than
51.24% of 404 companies
in the Drug Manufacturers industry
Industry Median: 7.625 vs SZSE:002332: 7.34

Zhejiang Xianju Pharmaceutical Co Net-Net Working Capital Historical Data

The historical data trend for Zhejiang Xianju Pharmaceutical 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 Xianju Pharmaceutical Co Net-Net Working Capital Chart

Zhejiang Xianju Pharmaceutical Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.76 1.31 1.34 1.12

Zhejiang Xianju Pharmaceutical Co Quarterly Data
Jun20 Sep20 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 1.33 1.12 1.37 1.12 1.24

Competitive Comparison of Zhejiang Xianju Pharmaceutical Co's Net-Net Working Capital

For the Drug Manufacturers - Specialty & Generic subindustry, Zhejiang Xianju Pharmaceutical 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 Xianju Pharmaceutical Co's Price-to-Net-Net-Working-Capital Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Zhejiang Xianju Pharmaceutical Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Zhejiang Xianju Pharmaceutical Co Net-Net Working Capital Calculation

Zhejiang Xianju Pharmaceutical 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)
=(1381.891+0.75 * 561.934+0.5 * 930.856-1111.417
-0-44.669)/989.205
=1.12

Zhejiang Xianju Pharmaceutical 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)
=(1363.055+0.75 * 668.55+0.5 * 922.328-1055.185
-0-39.749)/989.205
=1.24

* 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 Xianju Pharmaceutical Co  (SZSE:002332) 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 Xianju Pharmaceutical Co Net-Net Working Capital Related Terms

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Zhejiang Xianju Pharmaceutical Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Xianyue Road, Xianju County, Zhejiang Province, CHN, 317300
Zhejiang Xianju Pharmaceutical Co Ltd is a China-based company engaged in the production and sale of drugs. It mainly produces corticosteroids, sex hormones (gynecology and family planning drugs) and anesthesia and muscle relaxants.
Executives
Zhang Yu Song Directors, executives
Chen Wei Ping Securities Affairs Representative
Chen Jie Executives
Jin Jing De Director
Ying Ming Hua Executives
Lu Huan Xing Supervisors
Zheng Bi Jun Supervisors
Zhang Chi Supervisors
Zhang Qi Executives

Zhejiang Xianju Pharmaceutical Co Headlines

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