GPP Resources Bhd (XKLS:03029) Net-Net Working Capital: RM-0.25 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:03029 GPP Resources Bhd XKLS:03029
25 GF Score
Price RM0.28
! 5 Warning Signs
View Full Analysis

What is GPP Resources Bhd Net-Net Working Capital?

GPP Resources Bhd XKLS:03029 25 Net-Net Working Capital is RM-0.25 as of Dec. 2025. GuruFocus rates XKLS:03029 with a GF Score™ of 25/100. The stock has 5 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.

GPP Resources Bhd's Net-Net Working Capital for the quarter that ended in Dec. 2025 was RM-0.25.

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

XKLS:03029's Price-to-Net-Net-Working-Capital is not ranked *
in the Semiconductors industry.
Industry Median: 11.745
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

GPP Resources Bhd  (XKLS:03029) 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.


GPP Resources Bhd Net-Net Working Capital Related Terms


GPP Resources Bhd Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for GPP Resources 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.

GPP Resources Bhd Net-Net Working Capital Chart

GPP Resources Bhd Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Jun24 Jun25
Net-Net Working Capital
Get a 7-Day Free Trial -0.23 -0.27 -0.32 -0.25 -0.24

GPP Resources Bhd Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
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 -0.31 -0.25 -0.22 -0.24 -0.25

XKLS:03029 vs : Net-Net Working Capital Comparison

For the Solar subindustry, GPP Resources 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.


GPP Resources Bhd Price-to-Net-Net-Working-Capital vs Semiconductors Industry

For the Semiconductors industry and Technology sector, GPP Resources Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


XKLS:03029
25GF Score
GPP Resources Bhd XKLS:03029
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GPP Resources Bhd Net-Net Working Capital Calculation

GPP Resources Bhd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2025 is calculated as

Net-Net Working Capital(A: Jun. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.227+0.75 * 1.38+0.5 * 3.541-40.057
-0-0)/155.118
=-0.24

GPP Resources Bhd's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2025 is calculated as

Net-Net Working Capital(Q: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.356+0.75 * 3.539+0.5 * 3.656-45.39
-0-0)/155.118
=-0.25

* 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-0.25 mean?
GPP Resources Bhd (XKLS:03029) has a Net-Net Working Capital of RM-0.25 as of Dec. 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 GPP Resources Bhd
Is GPP Resources Bhd's Net-Net Working Capital too high?
GPP Resources Bhd's current Net-Net Working Capital is RM-0.25. Overall, GPP Resources Bhd has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does GPP Resources Bhd's Net-Net Working Capital compare to ?
GPP Resources Bhd's Net-Net Working Capital of RM-0.25 can be compared against companies in the Semiconductors industry. The industry median Net-Net Working Capital is 11.75. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 11.75, based on 532 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 GPP Resources Bhd For the Semiconductors industry, the median Net-Net Working Capital is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GPP Resources Bhd's current Net-Net Working Capital is RM-0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GPP Resources Bhd stock overvalued right now?
GPP Resources Bhd (XKLS:03029) has a current Net-Net Working Capital of RM-0.25. The current Net-Net Working Capital is RM-0.25. GPP Resources Bhd's overall GF Score™ is 25/100 with 5 warning signs to review. 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 GPP Resources Bhd (XKLS:03029), the current Net-Net Working Capital is RM-0.25 as of Dec. 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.

GPP Resources Bhd Business Description

Comparable Companies
Address No.7, Jalan Sungai Tiram 1, Ulu Tira, JHR, MYS, 81800
GPP Resources Bhd is principally involved in businesses that are related to the use of biomass to produce renewable energy and OPT products. It derives maximum of the revenue from renewable energy. It has operating segments: Renewable energy plants and energy related facilities; and Manufacturing and Trading. The company earns maximum revenue from the Renewable energy plants and energy related facilities segment, which involves Design, engineering, procurement, construction, and energy related installation and commissioning of renewable energy facilities plants and energy related facilities. The Group also operates, manages and maintains renewable energy plants and related facilities. Geographically, it operates in Malaysia, Thailand, and Japan, of which Malaysia generates maximum revenue.
25GF Score

Get the complete analysis for XKLS:03029

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.28
Price