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Aeroflot Russian Airlines PJSC (Aeroflot Russian Airlines PJSC) Net-Net Working Capital : $-23.23 (As of Dec. 2023)


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What is Aeroflot Russian Airlines PJSC 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.

Aeroflot Russian Airlines PJSC's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-23.23.

The industry rank for Aeroflot Russian Airlines PJSC's Net-Net Working Capital or its related term are showing as below:

AERAY's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 5.81
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Aeroflot Russian Airlines PJSC Net-Net Working Capital Historical Data

The historical data trend for Aeroflot Russian Airlines PJSC'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.

Aeroflot Russian Airlines PJSC Net-Net Working Capital Chart

Aeroflot Russian Airlines PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -54.20 -50.31 -31.80 -30.07 -23.23

Aeroflot Russian Airlines PJSC Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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 - -30.07 -25.52 -22.86 -23.23

Competitive Comparison of Aeroflot Russian Airlines PJSC's Net-Net Working Capital

For the Airlines subindustry, Aeroflot Russian Airlines PJSC'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.


Aeroflot Russian Airlines PJSC's Price-to-Net-Net-Working-Capital Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aeroflot Russian Airlines PJSC's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Aeroflot Russian Airlines PJSC's Price-to-Net-Net-Working-Capital falls into.



Aeroflot Russian Airlines PJSC Net-Net Working Capital Calculation

Aeroflot Russian Airlines PJSC'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)
=(1298.083+0.75 * 911.692+0.5 * 353.486-13440.851
-0--146.415)/479.340
=-23.23

Aeroflot Russian Airlines PJSC'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)
=(1298.083+0.75 * 911.692+0.5 * 353.486-13440.851
-0--146.415)/479.340
=-23.23

* 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.


Aeroflot Russian Airlines PJSC  (OTCPK:AERAY) 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.


Aeroflot Russian Airlines PJSC Net-Net Working Capital Related Terms

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Aeroflot Russian Airlines PJSC (Aeroflot Russian Airlines PJSC) Business Description

Traded in Other Exchanges
Address
1, Arbat Street, Moscow, RUS, 119019
Aeroflot Russian Airlines PJSC is Russia's largest airline group, and accounts for approximately one third of Russia's air-travel market. It provides scheduled and chartered flights. Passengers may buy tickets through websites, online booking systems, sales offices, and authorized agents. Domestic routes throughout Russia comprise the majority of total passengers. Additionally, it provides international routes to many different regions. The company's lone operating segment is passenger traffic. Outside of Russia, Europe books the next-highest number of passengers at around one fifth the total amount. The Russian Federation owns roughly half of the company.

Aeroflot Russian Airlines PJSC (Aeroflot Russian Airlines PJSC) Headlines

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