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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.
The industry rank for Golden Destinations Group Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0398's Price-to-Net-Net-Working-Capital is ranked better than 58.05% of 205
companies
in the Travel & Leisure industry
Industry Median: 6.14
vs XKLS:0398: 4.69
Golden Destinations Group Bhd (XKLS:0398) 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.
Golden Destinations Group Bhd Net-Net Working Capital Related Terms
Golden Destinations Group Bhd Net-Net Working Capital Historical Data
* 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.
Golden Destinations Group Bhd Net-Net Working Capital Chart
Golden Destinations Group Bhd Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net-Net Working Capital
-0.01
-0.01
-0.03
0.08
Golden Destinations Group Bhd Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
Net-Net Working Capital
-0.01
-0.01
-0.03
0.08
XKLS:0398 vs BKNG, ABNB, RCL: Net-Net Working Capital Comparison
For the Travel Services subindustry, Golden Destinations 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.
Golden Destinations Group Bhd Price-to-Net-Net-Working-Capital vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Golden Destinations Group Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Golden Destinations Group Bhd's Price-to-Net-Net-Working-Capital falls into.
* 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 RM0.08 mean?
Golden Destinations Group Bhd (XKLS:0398) has a Net-Net Working Capital of RM0.08 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 Golden Destinations Group Bhd According to the industry distribution chart, Golden Destinations Group Bhd ranks #86 out of 205 companies in the Travel & Leisure industry, placing it in the top 42%.
Is Golden Destinations Group Bhd's Net-Net Working Capital too high?
Golden Destinations Group Bhd's current Net-Net Working Capital is RM0.08. Based on the distribution chart, Golden Destinations Group Bhd ranks #86 out of 205 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Golden Destinations Group Bhd has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Golden Destinations Group Bhd's Net-Net Working Capital compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Golden Destinations Group Bhd ranks #86 out of 205 companies for Net-Net Working Capital. This puts Golden Destinations Group Bhd in the upper half of its industry. The industry median Net-Net Working Capital is 6.14. 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 Travel & Leisure company?
The median Net-Net Working Capital among Travel & Leisure companies is 6.14, based on 205 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 Golden Destinations Group Bhd For the Travel & Leisure industry, the median Net-Net Working Capital is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Destinations Group Bhd's current Net-Net Working Capital is RM0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Destinations Group Bhd stock overvalued right now?
Golden Destinations Group Bhd (XKLS:0398) has a current Net-Net Working Capital of RM0.08. The current Net-Net Working Capital is RM0.08. Golden Destinations Group Bhd's overall GF Score™ is 20/100 with 1 warning sign 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 Golden Destinations Group Bhd (XKLS:0398), the current Net-Net Working Capital is RM0.08 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.
Golden Destinations Group Bhd is an investment holding company. Through its subsidiary, the company is principally involved as a full-service outbound travel experience curator, offering a comprehensive suite of outbound travel experience products and services under its brand Golden Destinations (GD). Its business segments include: i) Travel experience segment (comprising series travel experience packages, cruise travel experience packages and other travel experience packages) and ii) Standalone travel support services segment (ticketing services). The majority of the company's revenue is derived from the Travel experience segment, mainly through the series travel experience packages. Geographically, it operates in China, East Asia, Southeast Asia, Europe, and Other regions.
20GF Score
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