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Inovalis Real Estate Investment Trust (TSX:INO.UN) Net-Net Working Capital : C$-6.85 (As of Dec. 2023)


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What is Inovalis Real Estate Investment Trust 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.

Inovalis Real Estate Investment Trust's Net-Net Working Capital for the quarter that ended in Dec. 2023 was C$-6.85.

The industry rank for Inovalis Real Estate Investment Trust's Net-Net Working Capital or its related term are showing as below:

TSX:INO.UN's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 14.81
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Inovalis Real Estate Investment Trust Net-Net Working Capital Historical Data

The historical data trend for Inovalis Real Estate Investment Trust'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.

Inovalis Real Estate Investment Trust Net-Net Working Capital Chart

Inovalis Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.21 -7.83 -5.05 -6.93 -6.85

Inovalis Real Estate Investment Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.93 -7.05 -6.78 -6.76 -6.85

Competitive Comparison of Inovalis Real Estate Investment Trust's Net-Net Working Capital

For the REIT - Office subindustry, Inovalis Real Estate Investment Trust'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.


Inovalis Real Estate Investment Trust's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Inovalis Real Estate Investment Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Inovalis Real Estate Investment Trust's Price-to-Net-Net-Working-Capital falls into.



Inovalis Real Estate Investment Trust Net-Net Working Capital Calculation

Inovalis Real Estate Investment Trust'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)
=(12.489+0.75 * 2.591+0.5 * 0-236.695
-0-0.947)/32.5947
=-6.85

Inovalis Real Estate Investment Trust'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)
=(12.489+0.75 * 2.591+0.5 * 0-236.695
-0-0.947)/32.5947
=-6.85

* 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.


Inovalis Real Estate Investment Trust  (TSX:INO.UN) 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.


Inovalis Real Estate Investment Trust Net-Net Working Capital Related Terms

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Inovalis Real Estate Investment Trust (TSX:INO.UN) Business Description

Traded in Other Exchanges
Address
151 Yonge Street, 11th Floor, Toronto, ON, CAN, M5C 2W7
Inovalis Real Estate Investment Trust is a Canada based open-ended real estate investment trust. The REIT Properties consist of office properties that are used for the rental of office space leased to corporate clients in urban areas. Its properties portfolio includes office rental properties located in France and Germany. The majority of its revenue is generated from rental income in France. The REIT operates a portfolio of investment properties located in France, Germany and Spain.

Inovalis Real Estate Investment Trust (TSX:INO.UN) Headlines

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