Al-Haj Textile Mills (DHA:AL-HAJTEX) Net-Net Working Capital

: BDT-3.61 (As of Mar. 2023)

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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.

Al-Haj Textile Mills's Net-Net Working Capital for the quarter that ended in Mar. 2023 was BDT-3.61.

The industry rank for Al-Haj Textile Mills's Net-Net Working Capital or its related term are showing as below:

DHA:AL-HAJTEX's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.24
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Al-Haj Textile Mills Net-Net Working Capital Historical Data

The historical data trend for Al-Haj Textile Mills'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.

Al-Haj Textile Mills Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Net-Net Working Capital

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-1.31

-5.81

-4.18

-1.29

-2.85

Al-Haj Textile Mills Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Net-Net Working Capital	Get a 7-Day Free Trial															0.81	-2.85	-2.66	-2.12	-3.61

Competitive Comparison

For the Textile Manufacturing subindustry, Al-Haj Textile Mills'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.

Al-Haj Textile Mills Price-to-Net-Net-Working-Capital Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Al-Haj Textile Mills's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Al-Haj Textile Mills's Price-to-Net-Net-Working-Capital falls into.

Al-Haj Textile Mills Net-Net Working Capital Calculation

Al-Haj Textile Mills's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2022 is calculated as

	Net-Net Working Capital		(A: Jun. 2022 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(553.397	+	0.75 * 0.998	+	0.5 * 203.222	-	719.282
-	0	-	0)	/	22.2985
=	-2.85

Al-Haj Textile Mills's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2023 is calculated as

	Net-Net Working Capital		(Q: Mar. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(545.329	+	0.75 * 0.998	+	0.5 * 212.387	-	732.743
-	0	-	0)	/	22.2985
=	-3.61

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.

Al-Haj Textile Mills (DHA:AL-HAJTEX) 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.

Al-Haj Textile Mills Net-Net Working Capital Related Terms

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Al-Haj Textile Mills (DHA:AL-HAJTEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Al-Haj Textile Mills Ltd (DHA:AL-HAJTEX) » Definitions » Net-Net Working Capital

Traded in Other Exchanges

N/A

Address

66, Dilkusha Commercial Area, 4th Floor, Dhaka, BGD, 1000

Website

https://www.alhajtextilemills.com

Al-Haj Textile Mills Ltd is a Bangladesh based company primarily engaged in the manufacturing and sale of cotton yarns. It offers cotton, polyester spun, poly-viscose blend, poly-cotton blend, and viscose spun yarns. It also offers advanced, reasonable solutions for any size-reduction requirements including quarry, aggregate, and various kinds of minerals.

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