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TTCL PCL (BKK:TTCL) Net-Net Working Capital : ฿-18.87 (As of Mar. 2025)


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What is TTCL 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.

TTCL PCL's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ฿-18.87.

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

BKK:TTCL's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.67
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

TTCL PCL Net-Net Working Capital Historical Data

The historical data trend for TTCL 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.

TTCL PCL Net-Net Working Capital Chart

TTCL PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.29 -12.42 -16.39 -18.17 -18.99

TTCL PCL Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 -19.15 -21.76 -21.29 -18.99 -18.87

Competitive Comparison of TTCL PCL's Net-Net Working Capital

For the Engineering & Construction subindustry, TTCL 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.


TTCL PCL's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, TTCL PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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TTCL PCL Net-Net Working Capital Calculation

TTCL PCL's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2708.3+0.75 * 1878.102+0.5 * 1492.568-16318.018
-0-241.133)/616.000
=-18.99

TTCL PCL'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)
=(2177.299+0.75 * 1284.886+0.5 * 1496.959-15284.905
-0-231.149)/616.000
=-18.87

* 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.


TTCL PCL  (BKK:TTCL) 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.


TTCL PCL Net-Net Working Capital Related Terms

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TTCL PCL Business Description

Industry
Traded in Other Exchanges
Address
Soi Sukhumvit 21, Asoke Road, 159 Sermmit Tower, 27th-30th Floor, Klong-Toeynua, Wattana, Bangkok, THA, 10110
TTCL PCL is an integrated Engineering, Procurement, and Construction company in Thailand. The company's business operations are engineering services including design, procurement, and construction for integrated industrial factories, energy business, manufacturing and distribution of white pallets, and Torrefaction Technology License Provider. It has three operating segments; The energy business, construction business, and manufacturing and distribution. The energy business is to provide services for generating and selling electricity to the government both in Thailand and overseas. The construction business is to provide construction services in Thailand and overseas. The company generates the majority of its revenue from the Energy business and geographically from Thailand.

TTCL PCL Headlines

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