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Fundo Invest Imobiliario FII Btg Pactualorate Office Fund (BSP:BRCR11) Net-Net Working Capital : R$-7.54 (As of Sep. 2024)


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What is Fundo Invest Imobiliario FII Btg Pactualorate Office Fund 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.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's Net-Net Working Capital for the quarter that ended in Sep. 2024 was R$-7.54.

The industry rank for Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's Net-Net Working Capital or its related term are showing as below:

BSP:BRCR11's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 16.29
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund Net-Net Working Capital Historical Data

The historical data trend for Fundo Invest Imobiliario FII Btg Pactualorate Office Fund'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.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund Net-Net Working Capital Chart

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund 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 5.19 -17.97 -28.33 -32.11 -35.37

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -34.73 -35.37 -7.67 -8.20 -7.54

Competitive Comparison of Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's Net-Net Working Capital

For the REIT - Office subindustry, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund'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.


Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's Price-to-Net-Net-Working-Capital falls into.


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Fundo Invest Imobiliario FII Btg Pactualorate Office Fund Net-Net Working Capital Calculation

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund'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)
=(59.625+0.75 * 100.877+0.5 * 0-1019.621
-0-57.973)/26.638
=-35.37

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as

Net-Net Working Capital(Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(25.278+0.75 * 126.535+0.5 * 0-320.994
-0-0)/26.638
=-7.54

* 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.


Fundo Invest Imobiliario FII Btg Pactualorate Office Fund  (BSP:BRCR11) 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.


Fundo Invest Imobiliario FII Btg Pactualorate Office Fund Net-Net Working Capital Related Terms

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Fundo Invest Imobiliario FII Btg Pactualorate Office Fund Business Description

Traded in Other Exchanges
N/A
Address
N/I PRAIA DE BOTAFOGO 501, 5th FLOOR, RIO DE JANEIRO, RJ, BRA, CEP 22250040
Fundo Invest Imobiliario FII Btg Pactual Corporate Office Fund seeks to invest in real estate developments by acquiring the following assets: commercial properties, completed or under construction, or other types of properties where commercial developments may be established, rights related to properties, for the purpose of sale, rent or lease, in addition to other Target Assets listed in the Fund's regulation.

Fundo Invest Imobiliario FII Btg Pactualorate Office Fund Headlines

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