GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » A. P. Moller Maersk A/S (OTCPK:AMKBF) » Definitions » Net-Net Working Capital

A. P. Moller Maersk A/S (A. P. Moller Maersk A/S) Net-Net Working Capital : $-1,056.02 (As of Dec. 2023)


View and export this data going back to 2009. Start your Free Trial

What is A. P. Moller Maersk A/S 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.

A. P. Moller Maersk A/S's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-1,056.02.

The industry rank for A. P. Moller Maersk A/S's Net-Net Working Capital or its related term are showing as below:

AMKBF's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 5.13
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

A. P. Moller Maersk A/S Net-Net Working Capital Historical Data

The historical data trend for A. P. Moller Maersk A/S'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.

A. P. Moller Maersk A/S Net-Net Working Capital Chart

A. P. Moller Maersk A/S 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 -953.88 -883.74 -595.92 -718.57 -1,056.02

A. P. Moller Maersk A/S 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 -718.57 -222.37 -123.00 21.92 -1,056.02

Competitive Comparison of A. P. Moller Maersk A/S's Net-Net Working Capital

For the Marine Shipping subindustry, A. P. Moller Maersk A/S'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.


A. P. Moller Maersk A/S's Price-to-Net-Net-Working-Capital Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, A. P. Moller Maersk A/S's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where A. P. Moller Maersk A/S's Price-to-Net-Net-Working-Capital falls into.



A. P. Moller Maersk A/S Net-Net Working Capital Calculation

A. P. Moller Maersk A/S'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)
=(6701+0.75 * 4881+0.5 * 1658-27010
-0-1060)/15.9838
=-1,056.02

A. P. Moller Maersk A/S'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)
=(6701+0.75 * 4881+0.5 * 1658-27010
-0-1060)/15.9838
=-1,056.02

* 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.


A. P. Moller Maersk A/S  (OTCPK:AMKBF) 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.


A. P. Moller Maersk A/S Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of A. P. Moller Maersk A/S's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


A. P. Moller Maersk A/S (A. P. Moller Maersk A/S) Business Description

Address
Esplanaden 50, Copenhagen, DNK, DK-1098
A.P. Moller-Maersk is a Denmark-listed global conglomerate involved in global trade, shipping, and energy. Maersk Line, the largest contributor to group revenue and earnings, has been the largest container shipping company globally for more than 20 years. Maersk was founded in 1904 and has since been run by the Moller-Maersk family, which currently holds slightly more than 50% of the share capital. The group has been active over the past few years in divesting noncore operations, such as its long-standing stakes in Danske Bank and Dansk Supermarked as well as its oil and gas operations.

A. P. Moller Maersk A/S (A. P. Moller Maersk A/S) Headlines

From GuruFocus

Interesting Pocket of Value Unlocked by Tradewar Threat

By Bram de Haas Bram de Haas 08-07-2018

3 Low Price-Book Stocks for Value Investors

By Alberto Abaterusso Alberto Abaterusso 12-16-2019