GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Timken India Ltd (BOM:522113) » Definitions » Net-Net Working Capital

Timken India (BOM:522113) Net-Net Working Capital : ₹100.25 (As of Mar. 2024)


View and export this data going back to 1992. Start your Free Trial

What is Timken India 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.

Timken India's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ₹100.25.

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

BOM:522113's Price-to-Net-Net-Working-Capital is ranked worse than
88.61% of 1334 companies
in the Industrial Products industry
Industry Median: 6.88 vs BOM:522113: 41.27

Timken India Net-Net Working Capital Historical Data

The historical data trend for Timken India'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.

Timken India Net-Net Working Capital Chart

Timken India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.63 12.00 34.59 78.63 100.25

Timken India 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 78.63 - 88.73 - 100.25

Competitive Comparison of Timken India's Net-Net Working Capital

For the Tools & Accessories subindustry, Timken India'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.


Timken India's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Timken India's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Timken India Net-Net Working Capital Calculation

Timken India's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5020.9+0.75 * 6519.49+0.5 * 6666.86-5703.16
-0-0)/75.2187
=100.25

Timken India'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)
=(5020.9+0.75 * 6519.49+0.5 * 6666.86-5703.16
-0-0)/75.2187
=100.25

* 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.


Timken India  (BOM:522113) 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.


Timken India Net-Net Working Capital Related Terms

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


Timken India (BOM:522113) Business Description

Traded in Other Exchanges
Address
Phase II, Hosur Road, No. 39-42, Electronic City, Bangalore, KA, IND, 560 100
Timken India Ltd is an India-based company that manufactures, distributes, and services bearings and related components. The company also provides repair and maintenance services for industrial gearboxes. The company's products, which primarily comprise engineered bearings and mechanical power transmission products, are marketed under brand names including Timken, Philadelphia Gear, Carlisle, Drives, Lovejoy, R+L, and Interlube. The company's clients come from sectors including defense, mining, metals, and civil aerospace. Timken India generates the majority of its sales from the Indian domestic market.

Timken India (BOM:522113) Headlines

No Headlines