Sin-Kung Logistics Bhd (XKLS:0305) Net-Net Working Capital: RM-0.13 (As of Mar. 2026)

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What is Sin-Kung Logistics Bhd Net-Net Working Capital?

Sin-Kung Logistics Bhd XKLS:0305 Net-Net Working Capital is RM-0.13 as of Mar. 2026. The stock has 6 warning signs investors should review. Among 222 Transportation companies, Sin-Kung Logistics Bhd ranks worse than 450450% on this metric.

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.

Sin-Kung Logistics Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM-0.13.

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

XKLS:0305's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.425
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sin-Kung Logistics Bhd  (XKLS:0305) 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.


Sin-Kung Logistics Bhd Net-Net Working Capital Related Terms


Sin-Kung Logistics Bhd Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Sin-Kung Logistics 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.

Sin-Kung Logistics Bhd Net-Net Working Capital Chart

Sin-Kung Logistics Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial -0.03 -0.03 -0.05 -0.06 -0.13

Sin-Kung Logistics Bhd Quarterly Data
Dec20 Dec21 Dec22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -0.09 -0.10 -0.12 -0.13 -0.13

XKLS:0305 vs UPS, FDX, JBHT: Net-Net Working Capital Comparison

For the Integrated Freight & Logistics subindustry, Sin-Kung Logistics 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.


Sin-Kung Logistics Bhd Price-to-Net-Net-Working-Capital vs Transportation Industry

For the Transportation industry and Industrials sector, Sin-Kung Logistics Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Sin-Kung Logistics Bhd's Price-to-Net-Net-Working-Capital falls into.



Sin-Kung Logistics Bhd Net-Net Working Capital Calculation

Sin-Kung Logistics Bhd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(20.087+0.75 * 6.647+0.5 * 3.129-179.516
-0-0.054)/1200.000
=-0.13

Sin-Kung Logistics Bhd's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(13.977+0.75 * 9.849+0.5 * 3.045-183.303
-0-0.049)/1200.000
=-0.13

* 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-0.13 mean?
Sin-Kung Logistics Bhd (XKLS:0305) has a Net-Net Working Capital of RM-0.13 as of Mar. 2026. 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 Sin-Kung Logistics Bhd According to the industry distribution chart, Sin-Kung Logistics Bhd ranks #999999 out of 222 companies in the Transportation industry.
Is Sin-Kung Logistics Bhd's Net-Net Working Capital too high?
Sin-Kung Logistics Bhd's current Net-Net Working Capital is RM-0.13. Based on the distribution chart, Sin-Kung Logistics Bhd ranks #999999 out of 222 companies in the Transportation industry, which is in the bottom quartile relative to peers.
How does Sin-Kung Logistics Bhd's Net-Net Working Capital compare to UPS and FDX?
According to the Transportation industry distribution chart, Sin-Kung Logistics Bhd ranks #999999 out of 222 companies for Net-Net Working Capital. This places Sin-Kung Logistics Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 6.43. 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 Transportation company?
The median Net-Net Working Capital among Transportation companies is 6.43, based on 222 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 Sin-Kung Logistics Bhd For the Transportation industry, the median Net-Net Working Capital is 6.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sin-Kung Logistics Bhd's current Net-Net Working Capital is RM-0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sin-Kung Logistics Bhd stock overvalued right now?
Sin-Kung Logistics Bhd (XKLS:0305) has a current Net-Net Working Capital of RM-0.13. The current Net-Net Working Capital is RM-0.13. 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 Sin-Kung Logistics Bhd (XKLS:0305), the current Net-Net Working Capital is RM-0.13 as of Mar. 2026. 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.

Sin-Kung Logistics Bhd Business Description

Address Jalan Bukit Kemuning, Lot 1928, Shah Alam, SGR, MYS, 40460
Sin-Kung Logistics Bhd is an integrated logistics service provider. It is involved in the provision of trucking services with a focus on airport-to-airport road feeder services and also provide container haulage services, warehousing and distribution services, and other logistics-related services. The company operates in Malaysia, and Overseas, like Asia, Europe, Middle East, People's Republic of China (PRC), Singapore, and Others, with the majority of revenue from Singapore.