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Xidelang Holdings (XKLS:5156) Net-Net Working Capital : RM0.18 (As of Mar. 2025)


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What is Xidelang Holdings 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.

Xidelang Holdings's Net-Net Working Capital for the quarter that ended in Mar. 2025 was RM0.18.

The industry rank for Xidelang Holdings's Net-Net Working Capital or its related term are showing as below:

XKLS:5156's Price-to-Net-Net-Working-Capital is ranked better than
99.72% of 352 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.015 vs XKLS:5156: 0.08

Xidelang Holdings Net-Net Working Capital Historical Data

The historical data trend for Xidelang Holdings'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.

Xidelang Holdings Net-Net Working Capital Chart

Xidelang Holdings Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Jun20 Jun21 Jun22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 0.26 0.24 0.26 0.22

Xidelang Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Dec24 Mar25
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.23 0.19 0.17 0.18

Competitive Comparison of Xidelang Holdings's Net-Net Working Capital

For the Footwear & Accessories subindustry, Xidelang Holdings'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.


Xidelang Holdings's Price-to-Net-Net-Working-Capital Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Xidelang Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Xidelang Holdings's Price-to-Net-Net-Working-Capital falls into.


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Xidelang Holdings Net-Net Working Capital Calculation

Xidelang Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2022 is calculated as

Net-Net Working Capital(A: Jun. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(533.87+0.75 * 104.885+0.5 * 3.8-139.528
-0-0)/2116.225
=0.22

Xidelang Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(314.757+0.75 * 132.543+0.5 * 6.825-33.877
-0-0)/2116.226
=0.18

* 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.


Xidelang Holdings  (XKLS:5156) 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.


Xidelang Holdings Net-Net Working Capital Related Terms

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Xidelang Holdings Business Description

Traded in Other Exchanges
N/A
Address
XiDeLang Industrial Park, Neikeng Town, Fujian Province, Jinjiang, CHN, 362211
Xidelang Holdings Ltd is engaged in the business of designing, manufacturing, and marketing sports shoes as well as designing and marketing of sports apparel, accessories, and equipment. The company operates into two segments: ODM Segment and Own-Branding Segment. The company mainly operates in the People's Republic of China and generates maximum revenue from the sale of sports shoes.

Xidelang Holdings Headlines

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