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INET Freehold and Leasehold REIT (BKK:INETREIT) Net-Net Working Capital : ฿-3.05 (As of Mar. 2024)


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What is INET Freehold and Leasehold REIT 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.

INET Freehold and Leasehold REIT's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ฿-3.05.

The industry rank for INET Freehold and Leasehold REIT's Net-Net Working Capital or its related term are showing as below:

BKK:INETREIT's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 15.12
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

INET Freehold and Leasehold REIT Net-Net Working Capital Historical Data

The historical data trend for INET Freehold and Leasehold REIT'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.

INET Freehold and Leasehold REIT Net-Net Working Capital Chart

INET Freehold and Leasehold REIT Annual Data
Trend Dec21 Dec22 Dec23
Net-Net Working Capital
-2.22 -2.42 -2.00

INET Freehold and Leasehold REIT Quarterly Data
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 -2.40 -2.37 -2.02 -2.00 -3.05

Competitive Comparison of INET Freehold and Leasehold REIT's Net-Net Working Capital

For the REIT - Specialty subindustry, INET Freehold and Leasehold REIT'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.


INET Freehold and Leasehold REIT's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, INET Freehold and Leasehold REIT's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where INET Freehold and Leasehold REIT's Price-to-Net-Net-Working-Capital falls into.



INET Freehold and Leasehold REIT Net-Net Working Capital Calculation

INET Freehold and Leasehold REIT'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)
=(288.863+0.75 * 0+0.5 * 0-957.066
-0-0)/334.424
=-2.00

INET Freehold and Leasehold REIT'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)
=(491.754+0.75 * 0+0.5 * 54.819-2059.775
-0-0)/504.477
=-3.05

* 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.


INET Freehold and Leasehold REIT  (BKK:INETREIT) 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.


INET Freehold and Leasehold REIT Net-Net Working Capital Related Terms

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INET Freehold and Leasehold REIT (BKK:INETREIT) Business Description

Traded in Other Exchanges
N/A
Address
New Petchaburi Road, 1768 Thai Summit Tower, 24th Floor, Khwaeng Bang Kapi, Khet Huay Khwang, Bangkok, THA, 10310
INET Leasehold REIT invests in ownership of data center buildings, substation control towers, and buildings and equipment related to project operations. The Trust only operates in one business segment which is the investment in data center real estate in Thailand.

INET Freehold and Leasehold REIT (BKK:INETREIT) Headlines

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