Xinlun New Materials Co (SZSE:002341) Net-Net Working Capital : ¥-3.02 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Xinlun New Materials 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.

Xinlun New Materials Co's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ¥-3.02.

The industry rank for Xinlun New Materials Co's Net-Net Working Capital or its related term are showing as below:

SZSE:002341's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Chemicals industry.
Industry Median: 7.25
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Xinlun New Materials Co Net-Net Working Capital Historical Data

The historical data trend for Xinlun New Materials 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.

Xinlun New Materials Co Net-Net Working Capital Chart

Xinlun New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net-Net Working Capital

Get a 7-Day Free Trial

-2.64

-2.96

-3.10

-2.92

-3.02

Xinlun New Materials 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															-2.97	-3.06	-3.10	-3.02	-3.02

Competitive Comparison of Xinlun New Materials Co's Net-Net Working Capital

For the Specialty Chemicals subindustry, Xinlun New Materials 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.

Xinlun New Materials Co's Price-to-Net-Net-Working-Capital Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Xinlun New Materials Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Xinlun New Materials Co's Price-to-Net-Net-Working-Capital falls into.

Xinlun New Materials Co Net-Net Working Capital Calculation

Xinlun New Materials 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)
=	(18.024	+	0.75 * 152.539	+	0.5 * 125.165	-	3675.485
-	0	-	-1.091)	/	1152.21
=	-3.02

Xinlun New Materials 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)
=	(17.143	+	0.75 * 129.095	+	0.5 * 130.805	-	3664.35
-	0	-	-1.516)	/	1152.21
=	-3.02

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.

Xinlun New Materials Co (SZSE:002341) 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.

Xinlun New Materials Co Net-Net Working Capital Related Terms

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

Xinlun New Materials Co (SZSE:002341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinlun New Materials Co Ltd (SZSE:002341) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 24 Futian Road, Futian Street, 32nd Floor, Coastal Huanqing Building, Weizhen Community, Futian District, Guangdong Province, Shenzhen, CHN, 518052

Website

http://www.szselen.com

Xinlun New Materials Co Ltd engages in the research, development, manufacture, and sale of new materials. It offers double-sided tapes, optical tapes, protective films, functional tapes, TAC products, graphite sheets, aluminum-plastic composite films. The company also provides electronic/pharmaceutical/food industry clean-room engineering design, construction, and maintenance integrated solution; ultra clean products research, production, and sales integration services.

Executives

Li Jing Bin	Directors, executives
Liao Yao	Directors, executives
Shi Dong Yi Yuan	Directors, executives
Li Hong Liang	Executives
Li Hong Liu	Directors, Directors, and Executives
Yang Dong	Executives
Chen De Sheng	Executives
Wang Feng De	Directors, executives
Ruan Zheng	Securities Affairs Representative
Fu Bo	Directors, executives
Hou Yi	Director
Hou Hai Feng	Executives
Hou Fei	Supervisors
Zhang Yuan	Director
Zhang Qiang	Director

Xinlun New Materials Co (SZSE:002341) Headlines

No Headlines