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Surfilter Network Technology Co (SZSE:300311) Net-Net Working Capital : ¥-0.17 (As of Mar. 2025)


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What is Surfilter Network Technology 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.

Surfilter Network Technology Co's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ¥-0.17.

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

SZSE:300311'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.

Surfilter Network Technology Co Net-Net Working Capital Historical Data

The historical data trend for Surfilter Network Technology 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.

Surfilter Network Technology Co Net-Net Working Capital Chart

Surfilter Network Technology 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 0.08 -0.18 -0.11 -0.13 -0.13

Surfilter Network Technology 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 -0.25 -0.25 -0.22 -0.13 -0.17

Competitive Comparison of Surfilter Network Technology Co's Net-Net Working Capital

For the Communication Equipment subindustry, Surfilter Network Technology 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.


Surfilter Network Technology Co's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

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

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


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Surfilter Network Technology Co Net-Net Working Capital Calculation

Surfilter Network Technology 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)
=(372.001+0.75 * 212.244+0.5 * 100.536-619.658
-0-48.741)/673.630
=-0.13

Surfilter Network Technology 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)
=(368.313+0.75 * 185.272+0.5 * 91.281-617.954
-0-47.757)/673.630
=-0.17

* 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.


Surfilter Network Technology Co  (SZSE:300311) 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.


Surfilter Network Technology Co Net-Net Working Capital Related Terms

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Surfilter Network Technology Co Business Description

Traded in Other Exchanges
N/A
Address
6th Floor, Software Park, Hi-tech Zone, Shenzhen City, CHN, 518057
Surfilter Network Technology Co Ltd operates in the field of network information security in China. It is engaged in the provision of network content and behavior auditing and network information security solutions. The company has a full product line and solutions in the field of network auditing and network information security, public security, information security, security training, wireless security, cloud security, mobile internet application security, carrier network resource security, terminal security, data security and many other fields.
Executives
Jing Xiao Jun Director
Jing Xiao Dong Directors, executives
Li Bin Hui Directors, executives
Li Xiao Wei Directors, executives
Fu Zhao Yang Supervisors
Zhou Yong Lin Executives
Shen Zhi Jie Directors, executives
Zhang Wen Securities Affairs Representative
Li Gong Executives
Zhu Yao Director
Zhang Bing Secretary Dong
Sun Wen Jie Executives
Gu Yuan Director
Fu Zhao Yang Independent director

Surfilter Network Technology Co Headlines

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