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Green Ocean Bhd (XKLS:0074) Net-Net Working Capital : RM0.28 (As of Dec. 2023)


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What is Green Ocean 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.

Green Ocean Bhd's Net-Net Working Capital for the quarter that ended in Dec. 2023 was RM0.28.

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

XKLS:0074's Price-to-Net-Net-Working-Capital is ranked better than
98.29% of 586 companies
in the Consumer Packaged Goods industry
Industry Median: 7.47 vs XKLS:0074: 0.50

Green Ocean Bhd Net-Net Working Capital Historical Data

The historical data trend for Green Ocean 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.

Green Ocean Bhd Net-Net Working Capital Chart

Green Ocean Bhd Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Jun21
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.27 -0.16 -0.23 -0.31 0.48

Green Ocean Bhd Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 0.32 0.24 0.27 0.27 0.28

Competitive Comparison of Green Ocean Bhd's Net-Net Working Capital

For the Farm Products subindustry, Green Ocean 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.


Green Ocean Bhd's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

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

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



Green Ocean Bhd Net-Net Working Capital Calculation

Green Ocean Bhd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2021 is calculated as

Net-Net Working Capital(A: Jun. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(86.687+0.75 * 1.945+0.5 * 0.081-2.978
-0-0)/175.966
=0.48

Green Ocean 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)
=(71.44+0.75 * 2.975+0.5 * 2.311-16.606
-0-0)/211.159
=0.28

* 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.


Green Ocean Bhd  (XKLS:0074) 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.


Green Ocean Bhd Net-Net Working Capital Related Terms

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Green Ocean Bhd (XKLS:0074) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Kapar, Lot 742, 4th Mile, Klang, SGR, MYS, 42100
Green Ocean Corp Bhd is an investment holding company. The company through its subsidiaries is involved in palm kernel crushing, refining of palm oil and palm kernel oil, trading of refined palm oil products, and general trading in biotech and renewable energy.

Green Ocean Bhd (XKLS:0074) Headlines

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