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Nufarm (ASX:NUF) Net-Net Working Capital : A$-1.98 (As of Sep. 2024)


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What is Nufarm 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.

Nufarm's Net-Net Working Capital for the quarter that ended in Sep. 2024 was A$-1.98.

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

ASX:NUF's Price-to-Net-Net-Working-Capital is not ranked *
in the Agriculture industry.
Industry Median: 9.27
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Nufarm Net-Net Working Capital Historical Data

The historical data trend for Nufarm'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.

Nufarm Net-Net Working Capital Chart

Nufarm Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Sep21 Sep22 Sep23 Sep24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -1.98 -2.00 -2.03 -1.98

Nufarm Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 -2.00 -2.86 -2.03 -2.94 -1.98

Competitive Comparison of Nufarm's Net-Net Working Capital

For the Agricultural Inputs subindustry, Nufarm'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.


Nufarm's Price-to-Net-Net-Working-Capital Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Nufarm's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Nufarm Net-Net Working Capital Calculation

Nufarm's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2024 is calculated as

Net-Net Working Capital(A: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(463.563+0.75 * 550.362+0.5 * 1166.007-2216.243
-0-0)/382.307
=-1.98

Nufarm's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as

Net-Net Working Capital(Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(463.563+0.75 * 550.362+0.5 * 1166.007-2216.243
-0-0)/382.307
=-1.98

* 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.


Nufarm  (ASX:NUF) 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.


Nufarm Net-Net Working Capital Related Terms

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Nufarm Business Description

Traded in Other Exchanges
Address
103-105 Pipe Road, Laverton North, Auckland, VIC, AUS, 3026
Nufarm Limited is a global crop-protection company that develops, manufactures, and sells a range of crop-protection products, including herbicides, insecticides, and fungicides. Nufarm sells its products in most of the world's major agricultural regions and operates primarily in the off-patent segment of the crop-protection market. Nufarm operates along two business lines: crop protection and seed technologies.

Nufarm Headlines

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