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CarmilaS Net-Net Working Capital

: €-18.54 (As of Dec. 2021)
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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.

CarmilaS's net-net working capital per share for the quarter that ended in Dec. 2021 was €-18.54.

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


CarmilaS Net-Net Working Capital Historical Data

The historical data trend for CarmilaS'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.

CarmilaS Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net-Net Working Capital
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.47 -18.71 -19.87 -19.36 -18.54

CarmilaS Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
Net-Net Working Capital 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 Premium Member Only Premium Member Only Premium Member Only -19.87 -20.64 -19.36 -19.36 -18.54

Competitive Comparison

For the REIT - Retail subindustry, CarmilaS'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.

   

CarmilaS Net-Net Working Capital Distribution

For the REITs industry and Real Estate sector, CarmilaS's Net-Net Working Capital distribution charts can be found below:

* The bar in red indicates where CarmilaS's Net-Net Working Capital falls into.



CarmilaS Net-Net Working Capital Calculation

CarmilaS's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital Per Share(A: Dec. 2021 )
=(Cash And Cash Equivalents +0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(238.468+0.75 * 75.489+0.5 * 0-2990.842
-0-5.776)/145.736
=-18.54

CarmilaS's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2021 is calculated as

Net-Net Working Capital Per Share(Q: Dec. 2021 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(238.468+0.75 * 75.489+0.5 * 0-2990.842
-0-5.776)/145.736
=-18.54

* 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.


CarmilaS  (CHIX:CARMP) 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.


CarmilaS Net-Net Working Capital Related Terms

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CarmilaS Business Description

CarmilaS logo
Industry
Real Estate » REITs NAICS : 0 SIC : 0
Traded in Other Exchanges
Address
58, avenue Emile Zola, Boulogne Billancourt, Paris, FRA, 92100
Carmila SAS is a retail property company, which engages in marketing, leasing, shopping center management and portfolio management. It regenerates and extracts value on shopping centers anchored by Carrefour stores. The company operates through the following segments: France; Spain; and Italy. Majority of the firm's revenue gets derived from France region.

CarmilaS Headlines

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