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Sinaran Advance Group BhdXKLS:5172 Net-Net Working Capital is RM0.01 as of Mar. 2026. The stock has 4 warning signs investors should review. Among 369 Manufacturing - Apparel & Accessories companies, Sinaran Advance Group Bhd ranks worse than 69.38% 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.
Sinaran Advance Group Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM0.01.
The industry rank for Sinaran Advance Group Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:5172's Price-to-Net-Net-Working-Capital is ranked worse than 69.38% of 369
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.22
vs XKLS:5172: 10.00
Sinaran Advance Group Bhd (XKLS:5172) 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.
Sinaran Advance Group Bhd Net-Net Working Capital Related Terms
Sinaran Advance Group Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Sinaran Advance Group 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.
Sinaran Advance Group Bhd Net-Net Working Capital Chart
XKLS:5172 vs NKE, DECK, ONON: Net-Net Working Capital Comparison
For the Footwear & Accessories subindustry, Sinaran Advance 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.
Sinaran Advance Group Bhd Price-to-Net-Net-Working-Capital vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sinaran Advance Group Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Sinaran Advance 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 RM0.01 mean?
Sinaran Advance Group Bhd (XKLS:5172) has a Net-Net Working Capital of RM0.01 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 Sinaran Advance Group Bhd According to the industry distribution chart, Sinaran Advance Group Bhd ranks #256 out of 369 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 69.4%.
Is Sinaran Advance Group Bhd's Net-Net Working Capital too high?
Sinaran Advance Group Bhd's current Net-Net Working Capital is RM0.01. Based on the distribution chart, Sinaran Advance Group Bhd ranks #256 out of 369 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint.
How does Sinaran Advance Group Bhd's Net-Net Working Capital compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Sinaran Advance Group Bhd ranks #256 out of 369 companies for Net-Net Working Capital. This places Sinaran Advance Group Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 5.22. 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 Manufacturing - Apparel & Accessories company?
The median Net-Net Working Capital among Manufacturing - Apparel & Accessories companies is 5.22, based on 369 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 Sinaran Advance Group Bhd For the Manufacturing - Apparel & Accessories industry, the median Net-Net Working Capital is 5.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sinaran Advance Group Bhd's current Net-Net Working Capital is RM0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinaran Advance Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Sinaran Advance Group Bhd (XKLS:5172) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.02, compared to a current price of RM0.10 — trading 400% above its estimated fair value. The current Net-Net Working Capital is RM0.01. 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 Sinaran Advance Group Bhd (XKLS:5172), the current Net-Net Working Capital is RM0.01 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.
Sinaran Advance Group Bhd engages in the design, manufacture, distribution, and sale of sports footwear and sports apparel. It offers athletic footwear designed for sporting activities, such as running, tennis, basketball, and mountain climbing, as well as leisure footwear, as well as original equipment manufacturing and original design manufacturing services. The company is also an original equipment manufacturer and original design manufacturer for sports brands, including Umbro, Diadora, Kappa, Le Coq Sportif, Canguro, Die Wilden Kerle, Cosby, Bridgestone, Prince, and Master Bunny. Its operating segment includes Sports footwear, Construction, and others. The company generates maximum revenue from the Construction segment.
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