GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Residential Secure Income PLC (CHIX:RESIl) » Definitions » Net-Net Working Capital

Residential Secureome (CHIX:RESIL) Net-Net Working Capital : £-1.17 (As of Sep. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Residential Secureome 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.

Residential Secureome's Net-Net Working Capital for the quarter that ended in Sep. 2023 was £-1.17.

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

CHIX:RESIl's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 14.37
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Residential Secureome Net-Net Working Capital Historical Data

The historical data trend for Residential Secureome'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.

Residential Secureome Net-Net Working Capital Chart

Residential Secureome Annual Data
Trend Jun17 Sep19 Sep20 Sep21 Sep22 Sep23
Net-Net Working Capital
Get a 7-Day Free Trial -0.69 -0.98 -1.18 -1.15 -1.17

Residential Secureome Quarterly Data
Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.18 -1.03 -1.15 -1.24 -1.17

Competitive Comparison of Residential Secureome's Net-Net Working Capital

For the REIT - Residential subindustry, Residential Secureome'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.


Residential Secureome's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Residential Secureome's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Residential Secureome Net-Net Working Capital Calculation

Residential Secureome's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2023 is calculated as

Net-Net Working Capital(A: Sep. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.223+0+0.75 * 0+0.5 * 0-220.754
-0-0)/185.163
=-1.17

Residential Secureome's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.223+0+0.75 * 0+0.5 * 0-220.754
-0-0)/185.163
=-1.17

* 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.


Residential Secureome  (CHIX:RESIl) 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.


Residential Secureome Net-Net Working Capital Related Terms

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


Residential Secureome (CHIX:RESIL) Business Description

Traded in Other Exchanges
Address
The Pavilions, Bridgwater Road, Bristol, GBR, BS13 8FD
Residential Secure Income PLC is a closed-ended company established to invest in Social Housing as a real estate investment trust. The company invests in residential asset classes that comprise the stock of registered UK social housing providers, Housing Associations, and Local Authorities. Its only operating segment being an investment property. Geographically, it operates only in the United Kingdom.

Residential Secureome (CHIX:RESIL) Headlines

No Headlines