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Well Chip Group Bhd (XKLS:5325) Net-Net Working Capital : RM0.36 (As of Dec. 2023)


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What is Well Chip Group Bhd 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.

Well Chip Group Bhd's Net-Net Working Capital for the quarter that ended in Dec. 2023 was RM0.36.

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

XKLS:5325's Price-to-Net-Net-Working-Capital is ranked better than
68.12% of 320 companies
in the Retail - Cyclical industry
Industry Median: 5.92 vs XKLS:5325: 3.19

Well Chip Group Bhd Net-Net Working Capital Historical Data

The historical data trend for Well Chip 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.

* Premium members only.

Well Chip Group Bhd Net-Net Working Capital Chart

Well Chip Group Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
-0.24 -0.25 -0.39 0.36

Well Chip Group Bhd Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital -0.24 -0.25 -0.39 0.36

Competitive Comparison of Well Chip Group Bhd's Net-Net Working Capital

For the Luxury Goods subindustry, Well Chip 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.


Well Chip Group Bhd's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Well Chip Group Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Well Chip Group Bhd's Price-to-Net-Net-Working-Capital falls into.



Well Chip Group Bhd Net-Net Working Capital Calculation

Well Chip Group Bhd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(179.241+0.75 * 417.995+0.5 * 32.097-292.449
-0-0)/600.000
=0.36

Well Chip Group Bhd's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(179.241+0.75 * 417.995+0.5 * 32.097-292.449
-0-0)/600.000
=0.36

* 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.


Well Chip Group Bhd  (XKLS:5325) 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.


Well Chip Group Bhd Net-Net Working Capital Related Terms

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Well Chip Group Bhd Business Description

Traded in Other Exchanges
N/A
Address
Jalan Harmonium 35/3, No. 23-01 & 23-02, Taman Desa Tebrau, Johor Bahru, JHR, MYS, 81100
Well Chip Group Bhd is engaged in provision of pawnbroking services where it offer pledges-backed pawn loans with a short repayment period to pawnbroking customers. Pawn loans are commonly defined as micro-loans provided against pledges such as gold, gold jewellery and luxury watches; and retail and trading of jewellery and gold. The company operates two reportable segments Pawnbroking services and Retail and trading of jewellery and gold. Key revenue is generated from Retail and trading of jewellery and gold which includes Retail sale of new and pre-owned jewellery and gold, also Sale of scrap gold acquired from unredeemed and bid pledges Sale of scrap gold acquired from unredeemed and bid pled.

Well Chip Group Bhd Headlines

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