GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petronas Dagangan Bhd (OTCPK:PNADF) » Definitions » Net-Net Working Capital

Petronas Dagangan Bhd (Petronas Dagangan Bhd) Net-Net Working Capital : $-0.57 (As of Dec. 2023)


View and export this data going back to 2012. Start your Free Trial

What is Petronas Dagangan 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.

Petronas Dagangan Bhd's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-0.57.

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

PNADF's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.03
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Petronas Dagangan Bhd Net-Net Working Capital Historical Data

The historical data trend for Petronas Dagangan 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.

Petronas Dagangan Bhd Net-Net Working Capital Chart

Petronas Dagangan Bhd 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 0.21 0.22 -0.21 -0.27 -0.57

Petronas Dagangan Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 -0.27 0.11 0.14 0.05 -0.57

Competitive Comparison of Petronas Dagangan Bhd's Net-Net Working Capital

For the Oil & Gas Refining & Marketing subindustry, Petronas Dagangan 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.


Petronas Dagangan Bhd's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petronas Dagangan Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Petronas Dagangan Bhd's Price-to-Net-Net-Working-Capital falls into.



Petronas Dagangan Bhd Net-Net Working Capital Calculation

Petronas Dagangan 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)
=(317.483+0.75 * 433.887+0.5 * 31.933-1213.018
-0-14.668)/993.454
=-0.57

Petronas Dagangan 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)
=(317.483+0.75 * 433.887+0.5 * 31.933-1213.018
-0-14.668)/993.454
=-0.57

* 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.


Petronas Dagangan Bhd  (OTCPK:PNADF) 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.


Petronas Dagangan Bhd Net-Net Working Capital Related Terms

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


Petronas Dagangan Bhd (Petronas Dagangan Bhd) Business Description

Traded in Other Exchanges
Address
Tower 1, Petronas Twin Towers, Level 30-33, Kuala Lumpur City Centre, Kuala Lumpur, MYS, 50088
Petronas Dagangan Bhd offers a variety of petroleum products and services to retail and industrial customers. As the leading revenue generator, retail operations are the leading focus of the company. In Malaysia, the retail business includes hundreds of retail stations that also serve as convenience stores. As a compliment to its network of retail stations, Petronas offers a loyalty program that allows members to accumulate points and redeem either fuel or selected items. The company's other businesses include a commercial unit, liquefied petroleum gas unit, and a lubricants business. Through the commercial business, Petronas markets petroleum products in bulk to manufacturing, aviation, power, energy, agriculture, fisheries, and transportation segments.

Petronas Dagangan Bhd (Petronas Dagangan Bhd) Headlines