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British Land Co (British Land Co) Net-Net Working Capital : $-3.41 (As of Sep. 2023)


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What is British Land Co 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.

British Land Co's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $-3.41.

The industry rank for British Land Co's Net-Net Working Capital or its related term are showing as below:

BTLCY's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 9.73
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

British Land Co Net-Net Working Capital Historical Data

The historical data trend for British Land Co'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.

British Land Co Net-Net Working Capital Chart

British Land Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.81 -5.32 -4.12 -4.26 -3.44

British Land Co Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 -4.24 -4.26 -2.93 -3.44 -3.41

Competitive Comparison of British Land Co's Net-Net Working Capital

For the REIT - Diversified subindustry, British Land Co'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.


British Land Co's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, British Land Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where British Land Co's Price-to-Net-Net-Working-Capital falls into.



British Land Co Net-Net Working Capital Calculation

British Land Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(151.699+0.75 * 26.699+0.5 * 26.699-3355.583
-0-15.777)/927.069
=-3.44

British Land Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(188.119+0.75 * 34.653+0.5 * 27.228-3376.238
-0-16.089)/927.25
=-3.41

* 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.


British Land Co  (OTCPK:BTLCY) 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.


British Land Co Net-Net Working Capital Related Terms

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British Land Co (British Land Co) Business Description

Traded in Other Exchanges
Address
45 Seymour Street, York House, London, GBR, W1H 7LX
British Land Co PLC is a real estate investment trust that owns, manages, and develops a portfolio of properties across the United Kingdom. The REIT categorizes its portfolio into three types: Offices, Retail, and Canada Water. The retail and leisure portfolio, which accounts for approximately half of total assets, consists of retail stores, shopping centers, and leisure venues. The offices and residential portfolio focuses on offices and residential buildings in London and the West End region and also accounts for approximately half of the entire portfolio. Development, the remaining small portion of portfolio value, represents British Land's London-based development projects.

British Land Co (British Land Co) Headlines

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