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Legatus Shoppings Fundo DE Investimento Imobiliario - FII (BSP:LASC11) Net-Net Working Capital : R$4.77 (As of Dec. 2023)


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What is Legatus Shoppings Fundo DE Investimento Imobiliario - FII 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.

Legatus Shoppings Fundo DE Investimento Imobiliario - FII's Net-Net Working Capital for the quarter that ended in Dec. 2023 was R$4.77.

The industry rank for Legatus Shoppings Fundo DE Investimento Imobiliario - FII's Net-Net Working Capital or its related term are showing as below:

BSP:LASC11's Price-to-Net-Net-Working-Capital is ranked worse than
55.74% of 122 companies
in the REITs industry
Industry Median: 15.39 vs BSP:LASC11: 20.96

Legatus Shoppings Fundo DE Investimento Imobiliario - FII Net-Net Working Capital Historical Data

The historical data trend for Legatus Shoppings Fundo DE Investimento Imobiliario - FII'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.

Legatus Shoppings Fundo DE Investimento Imobiliario - FII Net-Net Working Capital Chart

Legatus Shoppings Fundo DE Investimento Imobiliario - FII Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
- 1.38 -1.78 9.34 4.77

Legatus Shoppings Fundo DE Investimento Imobiliario - FII Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital - 1.38 -1.78 9.34 4.77

Competitive Comparison of Legatus Shoppings Fundo DE Investimento Imobiliario - FII's Net-Net Working Capital

For the REIT - Diversified subindustry, Legatus Shoppings Fundo DE Investimento Imobiliario - FII'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.


Legatus Shoppings Fundo DE Investimento Imobiliario - FII's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Legatus Shoppings Fundo DE Investimento Imobiliario - FII's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Legatus Shoppings Fundo DE Investimento Imobiliario - FII's Price-to-Net-Net-Working-Capital falls into.


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Legatus Shoppings Fundo DE Investimento Imobiliario - FII Net-Net Working Capital Calculation

Legatus Shoppings Fundo DE Investimento Imobiliario - FII'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)
=(16.83+0.75 * 0+0.5 * 0-2.795
-0-0)/2.940
=4.77

Legatus Shoppings Fundo DE Investimento Imobiliario - FII's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16.83+0.75 * 0+0.5 * 0-2.795
-0-0)/2.940
=4.77

* 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.


Legatus Shoppings Fundo DE Investimento Imobiliario - FII  (BSP:LASC11) 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.


Legatus Shoppings Fundo DE Investimento Imobiliario - FII Net-Net Working Capital Related Terms

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Legatus Shoppings Fundo DE Investimento Imobiliario - FII Business Description

Traded in Other Exchanges
N/A
Address
Praia de Botafogo, 501, Rio de Janeiro, RJ, BRA, CEP: 22250040
Legatus Shoppings Fundo DE Investimento Imobiliario - FII is a Brazil-based company. Its objective is to obtain income through the real estate exploration of Real Estate Assets, as well as capital gains, through the purchase and sale of Real Estate Assets and the investment of resources, predominantly in Real Estate Assets.

Legatus Shoppings Fundo DE Investimento Imobiliario - FII Headlines

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