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Aedge Group (SGX:XVG) Net-Net Working Capital : S$-0.08 (As of Dec. 2023)


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What is Aedge Group 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.

Aedge Group's Net-Net Working Capital for the quarter that ended in Dec. 2023 was S$-0.08.

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

SGX:XVG's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 6.26
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Aedge Group Net-Net Working Capital Historical Data

The historical data trend for Aedge Group'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.

Aedge Group Net-Net Working Capital Chart

Aedge Group Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Net-Net Working Capital
Get a 7-Day Free Trial - -0.01 0.03 - 0.01

Aedge Group Semi-Annual Data
Jun18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.03 - 0.01 0.01 -0.08

Competitive Comparison of Aedge Group's Net-Net Working Capital

For the Security & Protection Services subindustry, Aedge Group'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.


Aedge Group's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Aedge Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Aedge Group's Price-to-Net-Net-Working-Capital falls into.



Aedge Group Net-Net Working Capital Calculation

Aedge Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2023 is calculated as

Net-Net Working Capital(A: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.479+0.75 * 5.306+0.5 * 0.643-7.23
-0-0)/106
=0.01

Aedge Group'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)
=(2.454+0.75 * 4.019+0.5 * 0.552-13.946
-0-0)/106
=-0.08

* 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.


Aedge Group  (SGX:XVG) 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.


Aedge Group Net-Net Working Capital Related Terms

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Aedge Group (SGX:XVG) Business Description

Traded in Other Exchanges
N/A
Address
4009 Ang Mo Kio Avenue 10, No. 04-33 Techplace 1, Singapore, SGP, 569738
Aedge Group Ltd is a Singapore-based multi-services provider, focusing on three principal services, namely engineering services, security and manpower services and transport services. The company generates maximum revenue from Security and manpower services which include security services, including security guarding services and security systems integration; cleaning services; and manpower services, including manpower staffing, recruitment and placement services.

Aedge Group (SGX:XVG) Headlines

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