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Thai Nakarin Hospital PCL (BKK:TNH) Net-Net Working Capital : ฿7.08 (As of Oct. 2023)


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What is Thai Nakarin Hospital 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.

Thai Nakarin Hospital PCL's Net-Net Working Capital for the quarter that ended in Oct. 2023 was ฿7.08.

The industry rank for Thai Nakarin Hospital PCL's Net-Net Working Capital or its related term are showing as below:

BKK:TNH's Price-to-Net-Net-Working-Capital is ranked better than
63.37% of 172 companies
in the Healthcare Providers & Services industry
Industry Median: 7.045 vs BKK:TNH: 5.01

Thai Nakarin Hospital PCL Net-Net Working Capital Historical Data

The historical data trend for Thai Nakarin Hospital 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.

Thai Nakarin Hospital PCL Net-Net Working Capital Chart

Thai Nakarin Hospital PCL Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.56 4.14 4.97 5.38 6.45

Thai Nakarin Hospital PCL Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 5.68 5.29 5.69 6.45 7.08

Competitive Comparison of Thai Nakarin Hospital PCL's Net-Net Working Capital

For the Medical Care Facilities subindustry, Thai Nakarin Hospital 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.


Thai Nakarin Hospital PCL's Price-to-Net-Net-Working-Capital Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Thai Nakarin Hospital PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Thai Nakarin Hospital PCL's Price-to-Net-Net-Working-Capital falls into.



Thai Nakarin Hospital PCL Net-Net Working Capital Calculation

Thai Nakarin Hospital PCL's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jul. 2023 is calculated as

Net-Net Working Capital(A: Jul. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1437.934+0.75 * 204.472+0.5 * 33.575-446.514
-0-0)/180
=6.45

Thai Nakarin Hospital PCL's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2023 is calculated as

Net-Net Working Capital(Q: Oct. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1590+0.75 * 217.231+0.5 * 38.645-497.539
-0-0)/180
=7.08

* 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.


Thai Nakarin Hospital PCL  (BKK:TNH) 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.


Thai Nakarin Hospital PCL Net-Net Working Capital Related Terms

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


Thai Nakarin Hospital PCL (BKK:TNH) Business Description

Traded in Other Exchanges
N/A
Address
No. 345 Debaratna Road, km.3.5 Bangna Nuea, Bangna, Bangkok, THA, 10260
Thai Nakarin Hospital PCL is engaged in operating hospital in Thailand. It provides inpatient and outpatient services, and medical services. The company's operating units consists of an emergency department, X-ray unit, pharmacy department, physical therapy department, laboratory department and others.

Thai Nakarin Hospital PCL (BKK:TNH) Headlines

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