Go Innovate Asia Bhd (XKLS:03028) Net-Net Working Capital: RM-0.10 (As of Jun. 2025)

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What is Go Innovate Asia Bhd Net-Net Working Capital?

Go Innovate Asia Bhd XKLS:03028 Net-Net Working Capital is RM-0.10 as of Jun. 2025. The stock has 3 warning signs investors should review.

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.

Go Innovate Asia Bhd's Net-Net Working Capital for the quarter that ended in Jun. 2025 was RM-0.10.

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

XKLS:03028's Price-to-Net-Net-Working-Capital is not ranked *
in the Capital Markets industry.
Industry Median: 4.565
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Go Innovate Asia Bhd  (XKLS:03028) 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.


Go Innovate Asia Bhd Net-Net Working Capital Related Terms


Go Innovate Asia Bhd Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Go Innovate Asia 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.

Go Innovate Asia Bhd Net-Net Working Capital Chart

Go Innovate Asia Bhd Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial 0.04 0.01 0.01 0.01 -0.05

Go Innovate Asia Bhd Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 0.01 0.01 -0.03 -0.05 -0.10

XKLS:03028 vs MS, GS, SCHW: Net-Net Working Capital Comparison

For the Capital Markets subindustry, Go Innovate Asia 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.


Go Innovate Asia Bhd Price-to-Net-Net-Working-Capital vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Go Innovate Asia Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Go Innovate Asia Bhd's Price-to-Net-Net-Working-Capital falls into.



Go Innovate Asia Bhd Net-Net Working Capital Calculation

Go Innovate Asia Bhd'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)
=(45.476+0.75 * 8.898+0.5 * 27.355-79.979
-0-0.058)/300.033
=-0.05

Go Innovate Asia Bhd's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2025 is calculated as

Net-Net Working Capital(Q: Jun. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(47.473+0.75 * 39.249+0.5 * 56.924-136.422
-0-0.158)/300.033
=-0.10

* 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.

What does a Net-Net Working Capital of RM-0.10 mean?
Go Innovate Asia Bhd (XKLS:03028) has a Net-Net Working Capital of RM-0.10 as of Jun. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Go Innovate Asia Bhd
Is Go Innovate Asia Bhd's Net-Net Working Capital too high?
Go Innovate Asia Bhd's current Net-Net Working Capital is RM-0.10.
How does Go Innovate Asia Bhd's Net-Net Working Capital compare to MS and GS?
Go Innovate Asia Bhd's Net-Net Working Capital of RM-0.10 can be compared against companies in the Capital Markets industry. The industry median Net-Net Working Capital is 4.57. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Capital Markets company?
The median Net-Net Working Capital among Capital Markets companies is 4.57, based on 280 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Go Innovate Asia Bhd For the Capital Markets industry, the median Net-Net Working Capital is 4.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Go Innovate Asia Bhd's current Net-Net Working Capital is RM-0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Go Innovate Asia Bhd stock overvalued right now?
Go Innovate Asia Bhd (XKLS:03028) has a current Net-Net Working Capital of RM-0.10. The stock's GF Value™ is RM0.38, compared to a current price of RM0.03 — trading 92.1% below its estimated fair value. The current Net-Net Working Capital is RM-0.10. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Go Innovate Asia Bhd (XKLS:03028), the current Net-Net Working Capital is RM-0.10 as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Go Innovate Asia Bhd Business Description

Address 3A-D, Jalan USJ10/1A, Subang Jaya, Kuala Lumpur, SGR, MYS, 47610
Go Innovate Asia Bhd is investment holding company. The principal activities of its subsidiaries include trading in precious metals, provide services relating to the online precious metals trading platform and such other business which are necessary for and/or incident to the aforesaid business, developing information technology (IT), dealing and trading in providing information, communication and technology (ICT) services and consultancy, deal, trade and provide software research and development businesses, technical testing and analysis, assaying and refining of precious metals, and promoting and marketing all kinds of gold products.