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Dias Aquaculture (ATH:DIFF) Net-Net Working Capital : €-0.60 (As of Jun. 2016)


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What is Dias Aquaculture 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.

Dias Aquaculture's Net-Net Working Capital for the quarter that ended in Jun. 2016 was €-0.60.

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

ATH:DIFF's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 7.47
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Dias Aquaculture Net-Net Working Capital Historical Data

The historical data trend for Dias Aquaculture'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.

Dias Aquaculture Net-Net Working Capital Chart

Dias Aquaculture Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec14 Dec15
Net-Net Working Capital
Get a 7-Day Free Trial -5.89 -6.46 -5.15 -5.35 -6.18

Dias Aquaculture Quarterly Data
Jun09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Sep12 Sep13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Jun16
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 -5.87 -6.04 -6.10 -6.18 -0.60

Competitive Comparison of Dias Aquaculture's Net-Net Working Capital

For the Farm Products subindustry, Dias Aquaculture'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.


Dias Aquaculture's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

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

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



Dias Aquaculture Net-Net Working Capital Calculation

Dias Aquaculture's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2015 is calculated as

Net-Net Working Capital(A: Dec. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0-192.61
-0--6.318)/30.1596
=-6.18

Dias Aquaculture's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2016 is calculated as

Net-Net Working Capital(Q: Jun. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.208+0.75 * 2.348+0.5 * 0-19.952
-0-0)/30.1596
=-0.60

* 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.


Dias Aquaculture  (ATH:DIFF) 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.


Dias Aquaculture Net-Net Working Capital Related Terms

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Dias Aquaculture (ATH:DIFF) Business Description

Traded in Other Exchanges
N/A
Address
10 klm Attikis Odou - Thesi Tripio Lithari, Mandra, GRC, 14564
Dias Aquaculture SA through its subsidiaries is engaged in aquaculture, breeding juveniles in hatching stations, raising and selling Mediterranean euryhaline fish, trading fish and third-party fish feed, and manufacturing fish feed. The company's main products are sea bream, sea bass, fish juveniles, gutted fish and fish fillet, map products.

Dias Aquaculture (ATH:DIFF) Headlines

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