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Zhongfu Information (SZSE:300659) Net-Net Working Capital : ¥1.03 (As of Mar. 2025)


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What is Zhongfu Information 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.

Zhongfu Information's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ¥1.03.

The industry rank for Zhongfu Information's Net-Net Working Capital or its related term are showing as below:

SZSE:300659's Price-to-Net-Net-Working-Capital is ranked worse than
62.7% of 1276 companies
in the Software industry
Industry Median: 8.61 vs SZSE:300659: 12.96

Zhongfu Information Net-Net Working Capital Historical Data

The historical data trend for Zhongfu Information'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.

Zhongfu Information Net-Net Working Capital Chart

Zhongfu Information 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 5.00 2.82 1.01 0.09 1.27

Zhongfu Information 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 1.61 1.40 1.11 1.27 1.03

Competitive Comparison of Zhongfu Information's Net-Net Working Capital

For the Software - Infrastructure subindustry, Zhongfu Information'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.


Zhongfu Information's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

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

* The bar in red indicates where Zhongfu Information's Price-to-Net-Net-Working-Capital falls into.


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Zhongfu Information Net-Net Working Capital Calculation

Zhongfu Information'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)
=(603.064+0.75 * 423.24+0.5 * 65.532-622.377
-0-0)/260.392
=1.27

Zhongfu Information'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)
=(353.598+0.75 * 390.772+0.5 * 67.725-413.606
-0-0)/260.392
=1.03

* 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.


Zhongfu Information  (SZSE:300659) 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.


Zhongfu Information Net-Net Working Capital Related Terms

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Zhongfu Information Business Description

Traded in Other Exchanges
N/A
Address
1166 Xinyi Street, Gaoxin Zone, Floors 15-16, Building 2, Aosheng Building, Jinan High-tech Zone, Shandong, Jinan, CHN, 250101
Zhongfu Information Inc is a provider of network and information security solutions. It specializes in information security technology and product development, sales and providing industry solutions and security services. The company offers security solutions, password application solutions and public safety solutions. Security solutions include information security and confidentiality management, network information one-way data transmission, and integrated business information management solutions. Password application solution comprises electronic business license and mobile billing. Public safety solutions consist of the public opinion warning application, visual intelligence analysis, and public security synthetic combat platform.
Executives
Wei Dong Xiao Directors, executives
Chen Zhi Jiang Director
Liu Zhen Dong Supervisors
Zhang Tai Xiang Supervisors
Yu Wei Hua Supervisors
Sun Qiang Directors, Directors, and Executives
Liu Hai Wei Directors, executives
Wang Meng Supervisors

Zhongfu Information Headlines

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