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Shenzhen Sunline Tech Co (SZSE:300348) Net-Net Working Capital : ¥0.92 (As of Sep. 2024)


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What is Shenzhen Sunline Tech 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 Sunline Tech Co's Net-Net Working Capital for the quarter that ended in Sep. 2024 was ¥0.92.

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

SZSE:300348's Price-to-Net-Net-Working-Capital is ranked worse than
69.83% of 1233 companies
in the Software industry
Industry Median: 8.41 vs SZSE:300348: 17.61

Shenzhen Sunline Tech Co Net-Net Working Capital Historical Data

The historical data trend for Shenzhen Sunline Tech 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 Sunline Tech Co Net-Net Working Capital Chart

Shenzhen Sunline Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.47 0.50 0.55 0.72

Shenzhen Sunline Tech Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.44 0.72 0.59 0.56 0.92

Competitive Comparison of Shenzhen Sunline Tech Co's Net-Net Working Capital

For the Software - Application subindustry, Shenzhen Sunline Tech 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 Sunline Tech Co's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

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

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



Shenzhen Sunline Tech Co Net-Net Working Capital Calculation

Shenzhen Sunline Tech 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)
=(536.994+0.75 * 950.481+0.5 * 403.504-924.464
-0-0)/732.144
=0.72

Shenzhen Sunline Tech Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as

Net-Net Working Capital(Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(539.924+0.75 * 1060.271+0.5 * 778.026-979.747
-0-0)/805.206
=0.92

* 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 Sunline Tech Co  (SZSE:300348) 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 Sunline Tech Co Net-Net Working Capital Related Terms

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Shenzhen Sunline Tech Co Business Description

Traded in Other Exchanges
N/A
Address
5th Floor, Building A, Building 2, Shahe West Road, Shenzhen Bay Science and Technology Park, Nanshan District, Shenzhen, CHN, 518057
Shenzhen Sunline Tech Co Ltd is a banking software and technology services company in China. Some of its products include Core Business System SunLTTS, Bank Loan Business System, Smart Deposit Business System, Cash Management Business System, Digital Core System, Digital Financial Business Platform, Business Middle Office Center, Digital Loan Business System, Data Warehouse, and others. It generates the majority of its revenue from Software development followed by System integration and Maintenance business.
Executives
Wang Zhang Chun Director
Zheng Kang Director
Xu Ya Li Directors, Directors, and Executives
Wei Feng Directors, executives
Gong Xing Hua Supervisors
Zhou Jin Ping Securities Affairs Representative
Shi Gan De Supervisors
Zhao Wei Hong Directors, executives
Li Jin Song Directors, executives
Xu Jiang Director
Xiao Ying Hui Directors, executives
Qu Hong Jing Supervisors
Huang Zu Chao Executives

Shenzhen Sunline Tech Co Headlines

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