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HE Group Bhd (XKLS:0296) Net-Net Working Capital : RM0.06 (As of Sep. 2024)


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What is HE Group Bhd 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.

HE Group Bhd's Net-Net Working Capital for the quarter that ended in Sep. 2024 was RM0.06.

The industry rank for HE Group Bhd's Net-Net Working Capital or its related term are showing as below:

XKLS:0296's Price-to-Net-Net-Working-Capital is ranked worse than
62.21% of 434 companies
in the Construction industry
Industry Median: 5.44 vs XKLS:0296: 9.17

HE Group Bhd Net-Net Working Capital Historical Data

The historical data trend for HE Group Bhd'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.

HE Group Bhd Net-Net Working Capital Chart

HE Group Bhd Annual Data
Trend Dec20 Dec21 Dec22
Net-Net Working Capital
-0.01 -0.05 -0.07

HE Group Bhd Quarterly Data
Dec20 Dec21 Dec22 Aug23 Mar24 Jun24 Sep24
Net-Net Working Capital Get a 7-Day Free Trial -0.07 0.02 0.06 0.06 0.06

Competitive Comparison of HE Group Bhd's Net-Net Working Capital

For the Engineering & Construction subindustry, HE Group Bhd'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.

HE Group Bhd's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, HE Group Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where HE Group Bhd's Price-to-Net-Net-Working-Capital falls into.


HE Group Bhd Net-Net Working Capital Calculation

HE Group Bhd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(12.336+0.75 * 41.614+0.5 * 0.723-73.377
-0-0)/440.000
=-0.07

HE Group Bhd'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)
=(44.363+0.75 * 69.122+0.5 * 2.825-71.647
-0-0)/440
=0.06

* 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.

HE Group Bhd  (XKLS:0296) 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.

HE Group Bhd Net-Net Working Capital Related Terms

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HE Group Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » HE Group Bhd (XKLS:0296) » Definitions » Net-Net Working Capital
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 42, Jalan OP 1/5, Pusat Perdagangan One Puchong, Puchong, SGR, MYS, 47160
Website
https://www.hexatech.com.my
HE Group Bhd is an electrical engineering service provider focusing on power distribution systems for end user premises such as industrial plants, and industrial and commercial substations. It is involved in the design, supply, installation, testing, and commissioning of HV, MV, LV, and ELV power distribution systems, as well as hook-up and retrofitting of electrical equipment. It also provides other building systems and works including mechanical systems, control, and instrumentation systems, as well as civil, structural, and architectural works. Its segment includes, namely the provision of power distribution systems, other building systems and works, electrical equipment hook-up and retrofitting, and trading sectors in Malaysia. Maximum revenue is generated from power distribution.

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