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AsiaQuest Co (TSE:4261) Net-Net Working Capital

: 円723.79 (As of Dec. 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.

AsiaQuest Co's Net-Net Working Capital for the quarter that ended in Dec. 2023 was 円723.79.

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

TSE:4261's Price-to-Net-Net-Working-Capital is ranked better than
70.92% of 1231 companies
in the Software industry
Industry Median: 7.13 vs TSE:4261: 3.86

AsiaQuest Co Net-Net Working Capital Historical Data

The historical data trend for AsiaQuest Co'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.

AsiaQuest Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
-122.28 -64.51 470.70 622.21 723.79

AsiaQuest Co Quarterly Data
Dec19 Dec20 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 622.21 652.97 679.49 676.10 723.79

Competitive Comparison

For the Information Technology Services subindustry, AsiaQuest Co'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.


AsiaQuest Co Price-to-Net-Net-Working-Capital Distribution

For the Software industry and Technology sector, AsiaQuest Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



AsiaQuest Co Net-Net Working Capital Calculation

AsiaQuest Co'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)
=(1517.989+0.75 * 545.556+0.5 * 2.232-864.641
-0-0)/1.46952
=723.79

AsiaQuest Co'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)
=(1517.989+0.75 * 545.556+0.5 * 2.232-864.641
-0-0)/1.46952
=723.79

* 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.


AsiaQuest Co  (TSE:4261) 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.


AsiaQuest Co Net-Net Working Capital Related Terms

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AsiaQuest Co (TSE:4261) Business Description

Traded in Other Exchanges
N/A
Address
3-11-13 Iidabashi, Iidabashi i-MARK ANNEX 6th Floor, Chiyoda-ku, Tokyo, JPN, 102-0072
AsiaQuest Co Ltd is involved in the Digital Transformation Business. It provides services thatsupport client's digital transformation, combined with experts consultation, system, application and product development.

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