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Shenzhen Sunway Communication Co (SZSE:300136) Net-Net Working Capital : ¥-1.91 (As of Mar. 2025)


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What is Shenzhen Sunway Communication 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.

Shenzhen Sunway Communication Co's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ¥-1.91.

The industry rank for Shenzhen Sunway Communication Co's Net-Net Working Capital or its related term are showing as below:

SZSE:300136's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 7.27
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Shenzhen Sunway Communication Co Net-Net Working Capital Historical Data

The historical data trend for Shenzhen Sunway Communication 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.

Shenzhen Sunway Communication Co Net-Net Working Capital Chart

Shenzhen Sunway Communication 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 -1.03 -1.46 -0.86 -1.20 -2.13

Shenzhen Sunway Communication 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 -1.20 -1.52 -2.05 -2.13 -1.91

Competitive Comparison of Shenzhen Sunway Communication Co's Net-Net Working Capital

For the Electronic Components subindustry, Shenzhen Sunway Communication 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.


Shenzhen Sunway Communication Co's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Sunway Communication Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Shenzhen Sunway Communication Co's Price-to-Net-Net-Working-Capital falls into.


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Shenzhen Sunway Communication Co Net-Net Working Capital Calculation

Shenzhen Sunway Communication 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)
=(1602.952+0.75 * 2265.737+0.5 * 1393.405-6033.421
-0-28.928)/967.569
=-2.13

Shenzhen Sunway Communication 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)
=(1776.206+0.75 * 1597.95+0.5 * 1444.893-5547.929
-0-0.647)/967.569
=-1.91

* 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.


Shenzhen Sunway Communication Co  (SZSE:300136) 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.


Shenzhen Sunway Communication Co Net-Net Working Capital Related Terms

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Shenzhen Sunway Communication Co Business Description

Traded in Other Exchanges
N/A
Address
Building 8&9, Changxing High-tech Industrial Park, Wan’an Road, Shajing Town, Bao’an District, Shenzhen, CHN, 518104
Shenzhen Sunway Communication Co Ltd is operating in the communication industry. The company is primarily focusing on the research and development, manufacturing, sales and marketing of the mobile terminal antennas and related modules, acoustic modules and connectors with high electromagnetic compatibility. Its products offering include mobile antenna, precision metal parts, MIM metal parts, acoustics and new materials products. Its products mainly apply to consumer electronic fields like smartphone/tablet PC, smart wearable devices, smart home/IoT and smart automobiles, and primarily expand the supporting capability towards industry, automobile, and military fields.
Executives
Peng Hao Directors, executives
Zuo Jian Bin Executives
Wu Hui Lin Directors, executives
Mao Da Dong Executives
Wang Ke Fu Supervisors
Wang Hong Bo Independent director
Yang Zhao Guo Director
Hu Shu Zhou Director
Xiang Li Ping Supervisors
Luo Chen Securities Affairs Representative
Wei Ji Jian Executives
Zhou Zhong Rong Executives
Yu Wei Director
Zhu Jie Executives
Li Ai Hua Supervisors

Shenzhen Sunway Communication Co Headlines

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