GURUFOCUS.COM » STOCK LIST » Technology » Software » Feitian Technologies Co Ltd (SZSE:300386) » Definitions » Net-Net Working Capital

Feitian Technologies Co (SZSE:300386) Net-Net Working Capital : ¥0.84 (As of Mar. 2025)


View and export this data going back to 2014. Start your Free Trial

What is Feitian Technologies 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.

Feitian Technologies Co's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ¥0.84.

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

SZSE:300386's Price-to-Net-Net-Working-Capital is ranked worse than
76.41% of 1276 companies
in the Software industry
Industry Median: 8.61 vs SZSE:300386: 23.51

Feitian Technologies Co Net-Net Working Capital Historical Data

The historical data trend for Feitian Technologies 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.

Feitian Technologies Co Net-Net Working Capital Chart

Feitian Technologies 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 2.64 1.74 1.17 0.76 0.68

Feitian Technologies 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 0.63 0.62 0.66 0.68 0.84

Competitive Comparison of Feitian Technologies Co's Net-Net Working Capital

For the Software - Infrastructure subindustry, Feitian Technologies 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.


Feitian Technologies Co's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

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

* The bar in red indicates where Feitian Technologies Co's Price-to-Net-Net-Working-Capital falls into.


;
;

Feitian Technologies Co Net-Net Working Capital Calculation

Feitian Technologies 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)
=(296.998+0.75 * 94.063+0.5 * 264.988-212.318
-0-4.332)/418.044
=0.68

Feitian Technologies 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)
=(319.123+0.75 * 101.681+0.5 * 254.158-165.665
-0-4.322)/418.044
=0.84

* 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.


Feitian Technologies Co  (SZSE:300386) 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.


Feitian Technologies Co Net-Net Working Capital Related Terms

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


Feitian Technologies Co Business Description

Traded in Other Exchanges
N/A
Address
No.9 Xueqing Road, 17th Floor, Building B, Huizhi Building, Haidian District, Beijing, CHN, 100085
Feitian Technologies Co Ltd is a supplier of user authentication and transaction security for China Online Banking. The company offers public key infrastructure authentication tokens, one time password tokens, software protection dongles, contact and contactless smart card readers. It also provides turnkey solutions like secure hardware, operating systems, middleware, software application, and services such as personalization and remote lifecycle management. The company's customers include financial institution, telecom, government and business enterprises. Its product lines feature contact and contactless smart cards, EMV chip cards, payment terminals, and user authentication solutions for secure online banking and transaction security.
Executives
Lu Zhou Directors, executives
Li Wei Directors, executives
Yu Hua Zhang Executives
Huang Yu Director
Han Xue Feng Directors, executives
Li Qi Independent director
Yan Yan Executives

Feitian Technologies Co Headlines

No Headlines