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Select Harvests (ASX:SHV) Net-Net Working Capital : A$-2.48 (As of Mar. 2025)


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What is Select Harvests 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.

Select Harvests's Net-Net Working Capital for the quarter that ended in Mar. 2025 was A$-2.48.

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

ASX:SHV's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 6.88
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Select Harvests Net-Net Working Capital Historical Data

The historical data trend for Select Harvests'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.

Select Harvests Net-Net Working Capital Chart

Select Harvests Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.74 -2.84 -2.93 -3.24 -2.82

Select Harvests Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 -3.16 -3.24 -3.86 -2.82 -2.48

Competitive Comparison of Select Harvests's Net-Net Working Capital

For the Packaged Foods subindustry, Select Harvests'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.


Select Harvests's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Select Harvests's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Select Harvests Net-Net Working Capital Calculation

Select Harvests'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)
=(2.87+0.75 * 80.643+0.5 * 198.807-549.476
-0-0)/137.301
=-2.82

Select Harvests's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.787+0.75 * 28.618+0.5 * 258.338-507.345
-0-0)/142.108
=-2.48

* 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.


Select Harvests  (ASX:SHV) 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.


Select Harvests Net-Net Working Capital Related Terms

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


Select Harvests Business Description

Traded in Other Exchanges
Address
570-588 Swan Street, L3, Building 7, Botanicca Corporate Park, Richmond, VIC, AUS, VIC 3121
Select Harvests Ltd engages in the processing, packaging, marketing, and distribution of edible nuts, dried fruits, seeds, and a range of natural health foods in Australia. The company operates the Food Division and Almond Division. The Food division accounts for the majority of revenue processes, markets, and distributes edible nuts, dried fruits, seeds, and a range of natural health foods. The Almond Division grows, processes, and sells almonds to the food industry from company-owned almond orchards, and provides a range of management services to external owners of almond orchards, including orchard development, tree supply, farm management, land and irrigation infrastructure rental, and the sale of almonds on behalf of external investors.

Select Harvests Headlines

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