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Asia Sermkij Leasing PCL (BKK:ASK) Net-Net Working Capital : ฿-126.98 (As of Mar. 2024)


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What is Asia Sermkij Leasing PCL 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.

Asia Sermkij Leasing PCL's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ฿-126.98.

The industry rank for Asia Sermkij Leasing PCL's Net-Net Working Capital or its related term are showing as below:

BKK:ASK's Price-to-Net-Net-Working-Capital is not ranked *
in the Credit Services industry.
Industry Median: 7.99
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Asia Sermkij Leasing PCL Net-Net Working Capital Historical Data

The historical data trend for Asia Sermkij Leasing PCL'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.

Asia Sermkij Leasing PCL Net-Net Working Capital Chart

Asia Sermkij Leasing PCL 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 -92.40 -100.13 -88.92 -110.41 -125.62

Asia Sermkij Leasing PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -114.41 -121.82 -125.12 -125.62 -126.98

Competitive Comparison of Asia Sermkij Leasing PCL's Net-Net Working Capital

For the Credit Services subindustry, Asia Sermkij Leasing PCL'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.


Asia Sermkij Leasing PCL's Price-to-Net-Net-Working-Capital Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Asia Sermkij Leasing PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Asia Sermkij Leasing PCL's Price-to-Net-Net-Working-Capital falls into.



Asia Sermkij Leasing PCL Net-Net Working Capital Calculation

Asia Sermkij Leasing PCL'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)
=(563.866+0.75 * 0+0.5 * 0-66870.373
-0-0)/527.843
=-125.62

Asia Sermkij Leasing PCL's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(489.781+0.75 * 75.065+0.5 * 0-67573.637
-0-0)/527.843
=-126.98

* 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.


Asia Sermkij Leasing PCL  (BKK:ASK) 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.


Asia Sermkij Leasing PCL Net-Net Working Capital Related Terms

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Asia Sermkij Leasing PCL (BKK:ASK) Business Description

Traded in Other Exchanges
N/A
Address
South Sathorn Road, 175 Sathorn City Tower, 24th Floor, Tungmahamek, Sathorn, Bangkok, THA, 10120
Asia Sermkij Leasing PCL operates hire purchase business for all types of automobiles in the form of new car financing to its customers in Bangkok and metropolitan area. Subsequently, the company has expanded its business into used car hire purchase, personal loan and floor plan financing as well as other services such as auto registration, tax renewal, and insurance services. The business operation can be classified into five operating segments: The hire purchase segment, The leasing segment, The loan segment, The factoring segment, The insurance broker segment. A major part of the revenue is generated from hire purchase division.

Asia Sermkij Leasing PCL (BKK:ASK) Headlines

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