GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » JOST Werke SE (XTER:JST) » Definitions » Net-Net Working Capital

JOST Werke SE (XTER:JST) Net-Net Working Capital : €-21.76 (As of Dec. 2023)


View and export this data going back to 2017. Start your Free Trial

What is JOST Werke SE 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.

JOST Werke SE's Net-Net Working Capital for the quarter that ended in Dec. 2023 was €-21.76.

The industry rank for JOST Werke SE's Net-Net Working Capital or its related term are showing as below:

XTER:JST's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.84
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

JOST Werke SE Net-Net Working Capital Historical Data

The historical data trend for JOST Werke SE'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.

JOST Werke SE Net-Net Working Capital Chart

JOST Werke SE 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 -9.96 -26.80 -25.15 -22.16 -21.76

JOST Werke SE 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 -22.16 -20.33 -20.06 -21.39 -21.76

Competitive Comparison of JOST Werke SE's Net-Net Working Capital

For the Auto Parts subindustry, JOST Werke SE'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.


JOST Werke SE's Price-to-Net-Net-Working-Capital Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, JOST Werke SE's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where JOST Werke SE's Price-to-Net-Net-Working-Capital falls into.



JOST Werke SE Net-Net Working Capital Calculation

JOST Werke SE'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)
=(88.863+0.75 * 149.078+0.5 * 195.938-622.926
-0-0)/14.9
=-21.76

JOST Werke SE'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)
=(88.863+0.75 * 149.078+0.5 * 195.938-622.926
-0-0)/14.9
=-21.76

* 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.


JOST Werke SE  (XTER:JST) 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.


JOST Werke SE Net-Net Working Capital Related Terms

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


JOST Werke SE (XTER:JST) Business Description

Traded in Other Exchanges
Address
Siemensstrase 2, Neu-Isenburg, HE, DEU, 63263
JOST Werke SE is a producer and supplier of safety-critical systems to the truck and trailer industry. The company's business segments are Asia, the Pacific and Africa, Europe, and North America. Its products are used in two business lines; Transport includes products and systems for trucks and trailers that provide the interface connecting the truck to the trailer, and it even sells wheel couplings, landing gears, king pins, and ball bearing turntables, and Agriculture includes products like agricultural front loaders for tractors, various implements for front loaders, and subframes, and it even sells towing hitches, drawbars, towing eyes and ladders under the brand name Rockinger.
Executives
Prof. Dr. Bernd Gottschalk Supervisory Board
Joachim Dürr Board of Directors
Dr. Ralf Eichler Board of Directors

JOST Werke SE (XTER:JST) Headlines

From GuruFocus

Time to Invest in China… A Little

By guruek Chris Mayer 01-11-2010

Jinpan International Review: What's going on?

By Margin of Safety Investing Margin of Safety Investing 11-22-2010