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Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario (BSP:BREV11) Net-Net Working Capital

: R$0.00 (As of . 20)
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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.

Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario's net-net working capital per share for the quarter that ended in . 20 was R$0.00.

The industry rank for Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario's Net-Net Working Capital or its related term are showing as below:


Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario Net-Net Working Capital Historical Data

The historical data trend for Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario'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.

Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario Annual Data
Trend
Net-Net Working Capital

Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario Semi-Annual Data
Net-Net Working Capital

Competitive Comparison

For the REIT - Residential subindustry, Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario's Net-Net Working Capital, along with its competitors' market caps and 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.

   

Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario Net-Net Working Capital Distribution

For the REITs industry and Real Estate sector, Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario's Net-Net Working Capital distribution charts can be found below:

* The bar in red indicates where Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario's Net-Net Working Capital falls in comparison to its industry or sector. The grey bar indicates the Net-Net Working Capital's extreme value range as defined by GuruFocus.



Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario Net-Net Working Capital Calculation

Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in . 20 is calculated as

Net-Net Working Capital Per Share(A: . 20 )
=(Cash And Cash Equivalents**+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(+0.75 * +0.5 * -N/A
--)/0
=N/A

Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario's Net-Net Working Capital (NNWC) per share for the quarter that ended in . 20 is calculated as

Net-Net Working Capital Per Share(Q: . 20 )
=(Cash And Cash Equivalents**+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(+0.75 * +0.5 * -N/A
--)/0
=N/A

* 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.

** Note that the Cash And Cash Equivalents here include cash, cash equivalents and short-term investments.

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.


Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario  (BSP:BREV11) 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. GuruFocus also publishes a monthly Net-Net newsletter.


Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario Net-Net Working Capital Related Terms

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Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario (BSP:BREV11) Business Description

Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario logo
Comparable Companies
Traded in Other Exchanges
N/A
Address
Av Das Nacoes Unidas 11857, CONJ. 111, Sao Paulo, SP, BRA, 4578908
Brazil Real Estate Victory Fund I Fundo DE Investimento Imobiliario is a real estate investment fund. It invests in real estate funds.

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