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Intervest Offices & Warehouses NV (XBRU:INTO) Net-Net Working Capital : €-25.65 (As of Dec. 2023)


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What is Intervest Offices & Warehouses NV 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.

Intervest Offices & Warehouses NV's Net-Net Working Capital for the quarter that ended in Dec. 2023 was €-25.65.

The industry rank for Intervest Offices & Warehouses NV's Net-Net Working Capital or its related term are showing as below:

XBRU:INTO's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 9.67
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Intervest Offices & Warehouses NV Net-Net Working Capital Historical Data

The historical data trend for Intervest Offices & Warehouses NV'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.

Intervest Offices & Warehouses NV Net-Net Working Capital Chart

Intervest Offices & Warehouses NV 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 -15.87 -19.49 -23.16 -25.00 -25.65

Intervest Offices & Warehouses NV 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 -25.00 -26.55 -26.95 -26.55 -25.65

Competitive Comparison of Intervest Offices & Warehouses NV's Net-Net Working Capital

For the REIT - Diversified subindustry, Intervest Offices & Warehouses NV'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.


Intervest Offices & Warehouses NV's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Intervest Offices & Warehouses NV's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Intervest Offices & Warehouses NV's Price-to-Net-Net-Working-Capital falls into.



Intervest Offices & Warehouses NV Net-Net Working Capital Calculation

Intervest Offices & Warehouses NV'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)
=(3.446+0.75 * 7.158+0.5 * 0-766.136
-0-33.333)/30.8251
=-25.65

Intervest Offices & Warehouses NV'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)
=(3.446+0.75 * 7.158+0.5 * 0-766.136
-0-33.333)/30.8251
=-25.65

* 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.


Intervest Offices & Warehouses NV  (XBRU:INTO) 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.


Intervest Offices & Warehouses NV Net-Net Working Capital Related Terms

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Intervest Offices & Warehouses NV (XBRU:INTO) Business Description

Traded in Other Exchanges
Address
Uitbreidingstraat 66, Berchem, Antwerp, BEL, 2600
Intervest Offices & Warehouses SA operates as a real estate company operating in three business segments; the offices segment includes the properties that are let to companies for professional purposes as office space or as flex-work places, logistics properties Belgium segment includes those premises with logistical function, storage facilities, and high-tech buildings in Belgium, and the logistics properties Netherlands segment includes those premises with a logistical function, storage facilities, and high-tech buildings in the Netherlands. The company generates a majority of its revenue from its investments in Belgium.

Intervest Offices & Warehouses NV (XBRU:INTO) Headlines

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