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Illovo Sugar (Illovo Sugar) Net-Net Working Capital : $-1.39 (As of Sep. 2015)


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What is Illovo Sugar 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.

Illovo Sugar's Net-Net Working Capital for the quarter that ended in Sep. 2015 was $-1.39.

The industry rank for Illovo Sugar's Net-Net Working Capital or its related term are showing as below:

ILVOF's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 7.49
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Illovo Sugar Net-Net Working Capital Historical Data

The historical data trend for Illovo Sugar'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.

Illovo Sugar Net-Net Working Capital Chart

Illovo Sugar Annual Data
Trend Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.16 -1.18 -1.33 -1.29 -1.32

Illovo Sugar Semi-Annual Data
Mar03 Mar04 Mar05 Mar06 Mar07 Mar08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15
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 -1.48 -1.29 -1.47 -1.32 -1.39

Competitive Comparison of Illovo Sugar's Net-Net Working Capital

For the Confectioners subindustry, Illovo Sugar'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.


Illovo Sugar's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Illovo Sugar's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Illovo Sugar's Price-to-Net-Net-Working-Capital falls into.



Illovo Sugar Net-Net Working Capital Calculation

Illovo Sugar's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2015 is calculated as

Net-Net Working Capital(A: Mar. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(41.436+0.75 * 0+0.5 * 84.593-591.542
-0-99.542)/460.731
=-1.32

Illovo Sugar's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2015 is calculated as

Net-Net Working Capital(Q: Sep. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16.812+0.75 * 0+0.5 * 283.617-719.806
-0-77.617)/460.7
=-1.39

* 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.


Illovo Sugar  (OTCPK:ILVOF) 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.


Illovo Sugar Net-Net Working Capital Related Terms

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Illovo Sugar (Illovo Sugar) Business Description

Traded in Other Exchanges
N/A
Address
Illovo Sugar Limited, together with its subsidiaries, engages in the production and sale of sugar and downstream products in Africa. It offers consumer and industrial sugar, including refined and unrefined sugar, such as white, brown, and specialty sugar.

Illovo Sugar (Illovo Sugar) Headlines

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