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Lecron Industrial Development Group Co (SZSE:300343) Net-Net Working Capital : ¥0.30 (As of Mar. 2025)


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What is Lecron Industrial Development Group 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.

Lecron Industrial Development Group Co's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ¥0.30.

The industry rank for Lecron Industrial Development Group Co's Net-Net Working Capital or its related term are showing as below:

SZSE:300343's Price-to-Net-Net-Working-Capital is ranked worse than
68.16% of 581 companies
in the Chemicals industry
Industry Median: 7.75 vs SZSE:300343: 13.67

Lecron Industrial Development Group Co Net-Net Working Capital Historical Data

The historical data trend for Lecron Industrial Development Group 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.

Lecron Industrial Development Group Co Net-Net Working Capital Chart

Lecron Industrial Development Group 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 -0.82 -0.34 0.13 0.26 0.21

Lecron Industrial Development Group 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 0.13 0.28 0.17 0.21 0.30

Competitive Comparison of Lecron Industrial Development Group Co's Net-Net Working Capital

For the Chemicals subindustry, Lecron Industrial Development Group 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.


Lecron Industrial Development Group Co's Price-to-Net-Net-Working-Capital Distribution in the Chemicals Industry

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

* The bar in red indicates where Lecron Industrial Development Group Co's Price-to-Net-Net-Working-Capital falls into.


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Lecron Industrial Development Group Co Net-Net Working Capital Calculation

Lecron Industrial Development Group 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)
=(626.23+0.75 * 153.494+0.5 * 147.213-484.818
-0-107.898)/1068.969
=0.21

Lecron Industrial Development Group 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)
=(702.223+0.75 * 117.989+0.5 * 196.621-463.723
-0-109.187)/1068.969
=0.30

* 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.


Lecron Industrial Development Group Co  (SZSE:300343) 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.


Lecron Industrial Development Group Co Net-Net Working Capital Related Terms

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Lecron Industrial Development Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 219, East Changguo Road, East Chemical Industrial Zone, Zhangdian District, Shandong Province, Zibo, CHN, 255080
Lecron Industrial Development Group Co Ltd formerly known as Lecron Internet Media Industry Co Ltd is engaged in the research and development, production and promotion of green chemicals. The company's product range covers monomer polyether polyol, system polyol for polyurethane foam, polyurethane prepolymer for elastomer, polyurea waterproof and anti-corrosion materials, medical intermediate, polyurethane fireproof insulation panel and others.
Executives
Wang Xian Dong Executives
Li Hui Min Securities Affairs Representative
Shao Xiu Ying Director
Qi Hai Ying Directors, executives
Li Hong Guo Director
Hu An Zhi Secretary, Director
Wang Wei Directors, executives
Wang Jing Directors, executives

Lecron Industrial Development Group Co Headlines

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