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GPP Resources Bhd (XKLS:03029) Net-Net Working Capital : RM-0.31 (As of Dec. 2023)


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What is GPP Resources 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.

GPP Resources Bhd's Net-Net Working Capital for the quarter that ended in Dec. 2023 was RM-0.31.

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

XKLS:03029's Price-to-Net-Net-Working-Capital is not ranked *
in the Semiconductors industry.
Industry Median: 8.56
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

GPP Resources Bhd Net-Net Working Capital Historical Data

The historical data trend for GPP Resources 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.

GPP Resources Bhd Net-Net Working Capital Chart

GPP Resources Bhd Annual Data
Trend Dec17 Dec18 Dec19 Dec20
Net-Net Working Capital
-0.03 -0.03 -0.12 -0.23

GPP Resources Bhd Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.23 -0.24 -0.27 -0.30 -0.31

Competitive Comparison of GPP Resources Bhd's Net-Net Working Capital

For the Solar subindustry, GPP Resources 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.


GPP Resources Bhd's Price-to-Net-Net-Working-Capital Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, GPP Resources Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



GPP Resources Bhd Net-Net Working Capital Calculation

GPP Resources Bhd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2020 is calculated as

Net-Net Working Capital(A: Dec. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.752+0.75 * 15.991+0.5 * 6.207-51.98
-0--0.001)/155.118
=-0.23

GPP Resources 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)
=(6.773+0.75 * 6.076+0.5 * 2.423-61.001
-0-0.012)/155.118
=-0.31

* 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.


GPP Resources Bhd  (XKLS:03029) 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.


GPP Resources Bhd Net-Net Working Capital Related Terms

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GPP Resources Bhd (XKLS:03029) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No.7, Jalan Sungai Tiram 1, Ulu Tira, JHR, MYS, 50480
GPP Resources Bhd is principally involved in businesses that are related to the use of biomass to produce renewable energy and OPT products. It derives maximum of the revenue from renewable energy. It has three operating segments; Palm oil; Renewable energy plants and energy related facilities; and Manufacturing and Trading. The company earns maximum revenue from Palm oil Segment.

GPP Resources Bhd (XKLS:03029) Headlines

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