GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Zb Financial Holdings Ltd (XZIM:ZBFH.ZW) » Definitions » Net-Net Working Capital

Zb Financial Holdings (XZIM:ZBFH.ZW) Net-Net Working Capital : ZWG0.01 (As of Jun. 2024)


View and export this data going back to . Start your Free Trial

What is Zb Financial 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.

Zb Financial Holdings's Net-Net Working Capital for the quarter that ended in Jun. 2024 was ZWG0.01.

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

XZIM:ZBFH.ZW's Price-to-Net-Net-Working-Capital is ranked worse than
100% of 11 companies
in the Banks industry
Industry Median: 5.07 vs XZIM:ZBFH.ZW: 30000.00

Zb Financial Holdings Net-Net Working Capital Historical Data

The historical data trend for Zb Financial 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.

Zb Financial Holdings Net-Net Working Capital Chart

Zb Financial Holdings Annual Data
Trend Dec08 Dec09 Dec11 Dec12 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.10 -6.02 -42.10 -407.44 -992.60

Zb Financial Holdings Semi-Annual Data
Dec08 Dec09 Dec11 Jun12 Dec12 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -26.72 -407.44 -691.38 -992.60 0.01

Competitive Comparison of Zb Financial Holdings's Net-Net Working Capital

For the Banks - Regional subindustry, Zb Financial 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.


Zb Financial Holdings's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Zb Financial Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


;
;

Zb Financial Holdings Net-Net Working Capital Calculation

Zb Financial Holdings'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(42182.435+0+0.75 * 0+0.5 * 0-154958.037
-0-43582.44)/157.523
=-992.60

Zb Financial Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 2024 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6.212+0+0.75 * 0+0.5 * 0-4.704
-0-0)/157.523
=0.01

* 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.


Zb Financial Holdings  (XZIM:ZBFH.ZW) 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.


Zb Financial Holdings Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Zb Financial Holdings's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Zb Financial Holdings Business Description

Traded in Other Exchanges
N/A
Address
21 Natal Road, Avondale, Harare, ZWE
Zb Financial Holdings Ltd is a Zimbabwe-based investment holding company. Along with its subsidiaries, its business segments are Banking Operations, Insurance Operations, Investments cluster, and Other Strategic Investments. The banking segment derives the majority of the revenue for the group, which provides a wide range of financial services to customers through a wide network of branches and electronic delivery channels. Its core business is retail and commercial banking services. Its product range includes deposit, personal and corporate lending, asset finance, mortgage finance, treasury management, corporate advisory services, medium to long-term structured finance, share transfer and script management services, and a wide array of card-based facilities.

Zb Financial Holdings Headlines

No Headlines