GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Creative Media & Community Trust (XTAE:CMCT) » Definitions » 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.

Creative Mediammunity Trust's Net-Net Working Capital for the quarter that ended in Dec. 2023 was ₪-155.49.

The industry rank for Creative Mediammunity Trust's Net-Net Working Capital or its related term are showing as below:

XTAE:CMCT's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 13.04
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Creative Mediammunity Trust Net-Net Working Capital Historical Data

The historical data trend for Creative Mediammunity 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.

Creative Mediammunity Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -151.94 -161.90 -92.76 -102.63 -155.49

Creative Mediammunity 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 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 Premium Member Only Premium Member Only Premium Member Only -102.63 -153.47 -151.99 -153.61 -155.49

Competitive Comparison

For the REIT - Office subindustry, Creative Mediammunity 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.


Creative Mediammunity Trust Price-to-Net-Net-Working-Capital Distribution

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

* The bar in red indicates where Creative Mediammunity Trust's Price-to-Net-Net-Working-Capital falls into.



Creative Mediammunity Trust Net-Net Working Capital Calculation

Creative Mediammunity 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)
=(72.918+0.75 * 20.212+0.5 * 0-1944.594
-1677.712-8.944)/22.7867
=-155.49

Creative Mediammunity 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)
=(72.918+0.75 * 20.212+0.5 * 0-1944.594
-1677.712-8.944)/22.7867
=-155.49

* 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.


Creative Mediammunity Trust  (XTAE:CMCT) 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.


Creative Mediammunity Trust Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Creative Mediammunity Trust's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Creative Mediammunity Trust (XTAE:CMCT) Business Description

Traded in Other Exchanges
Address
17950 Preston Road, Suite 600, Dallas, TX, USA, 75252
Creative Media & Community Trust is a United states based company that formed to invest in, own, and operate Class A and creative office investments in improving urban communities throughout the United States. It operates through two segments: Office and Hotel, and Lending. The Office segment includes rental of office space and other tenant services, including tenant reimbursements, parking, and storage space rental. The Hotel segment relates to operations of hotel properties whereas, the lending segment refers to income from the yield and other related fee income earned on its loans receivable. The lending segment includes income recognized from the sale of government guaranteed portion of loans receivable, income from the yield on its loans receivable and other related fee income earned.