S Alam Cold Rolled Steels (DHA:SALAMCRST) Net-Net Working Capital: BDT-146.55 (As of Mar. 2024)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DHA:SALAMCRST S Alam Cold Rolled Steels Ltd DHA:SALAMCRST
10 GF Score
Price BDT12.70
View Full Analysis

What is S Alam Cold Rolled Steels Net-Net Working Capital?

S Alam Cold Rolled Steels DHA:SALAMCRST -2.31% 10 Net-Net Working Capital is BDT-146.55 as of Mar. 2024. GuruFocus rates DHA:SALAMCRST with a GF Score™ of 10/100.

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.

S Alam Cold Rolled Steels's Net-Net Working Capital for the quarter that ended in Mar. 2024 was BDT-146.55.

The industry rank for S Alam Cold Rolled Steels's Net-Net Working Capital or its related term are showing as below:

DHA:SALAMCRST's Price-to-Net-Net-Working-Capital is not ranked *
in the Steel industry.
Industry Median: 4.33
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

S Alam Cold Rolled Steels  (DHA:SALAMCRST) 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.


S Alam Cold Rolled Steels Net-Net Working Capital Related Terms


S Alam Cold Rolled Steels Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for S Alam Cold Rolled Steels'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.

S Alam Cold Rolled Steels Net-Net Working Capital Chart

S Alam Cold Rolled Steels Annual Data
Trend Sep13 Sep14 Sep15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -89.66 -94.26 -92.13 -84.57 -106.13

S Alam Cold Rolled Steels 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 -112.43 -106.13 -133.00 -138.56 -146.55

DHA:SALAMCRST vs NUE, STLD, RS: Net-Net Working Capital Comparison

For the Steel subindustry, S Alam Cold Rolled Steels'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.


S Alam Cold Rolled Steels Price-to-Net-Net-Working-Capital vs Steel Industry

For the Steel industry and Basic Materials sector, S Alam Cold Rolled Steels's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where S Alam Cold Rolled Steels's Price-to-Net-Net-Working-Capital falls into.


DHA:SALAMCRST
10GF Score
S Alam Cold Rolled Steels Ltd DHA:SALAMCRST
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S Alam Cold Rolled Steels Net-Net Working Capital Calculation

S Alam Cold Rolled Steels's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2023 is calculated as

Net-Net Working Capital(A: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1285.765+0.75 * 3195.27+0.5 * 8214.843-18118.926
-0-111.186)/98.371
=-106.13

S Alam Cold Rolled Steels'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)
=(1163.504+0.75 * 4125.078+0.5 * 9959.898-23545.647
-0-108.372)/98.371
=-146.55

* 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.

What does a Net-Net Working Capital of BDT-146.55 mean?
S Alam Cold Rolled Steels (DHA:SALAMCRST) has a Net-Net Working Capital of BDT-146.55 as of Mar. 2024. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on S Alam Cold Rolled Steels
Is S Alam Cold Rolled Steels' Net-Net Working Capital too high?
S Alam Cold Rolled Steels' current Net-Net Working Capital is BDT-146.55. Overall, S Alam Cold Rolled Steels has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does S Alam Cold Rolled Steels' Net-Net Working Capital compare to NUE and STLD?
S Alam Cold Rolled Steels' Net-Net Working Capital of BDT-146.55 can be compared against companies in the Steel industry. The industry median Net-Net Working Capital is 4.33. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Steel company?
The median Net-Net Working Capital among Steel companies is 4.33, based on 179 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on S Alam Cold Rolled Steels For the Steel industry, the median Net-Net Working Capital is 4.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S Alam Cold Rolled Steels's current Net-Net Working Capital is BDT-146.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S Alam Cold Rolled Steels stock overvalued right now?
S Alam Cold Rolled Steels (DHA:SALAMCRST) has a current Net-Net Working Capital of BDT-146.55. The current Net-Net Working Capital is BDT-146.55. S Alam Cold Rolled Steels' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For S Alam Cold Rolled Steels (DHA:SALAMCRST), the current Net-Net Working Capital is BDT-146.55 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

S Alam Cold Rolled Steels Business Description

Address S. Alam Bhaban, Asadgonj, Chattogram, BGD, 2119
S Alam Cold Rolled Steels Ltd is a steel manufacturing company. Its business activities include manufacturing and marketing cold rolled steel strips and galvanized steel sheets. The company has two business segments - the Cold Rolled Strips segment, which includes purchasing hot roll and manufacturing and distribution of cold-rolled strips; and the Non-Oxide Furnace segment which comprises purchasing cold-rolled strips and manufacturing and distribution of galvanized steel sheets.
10GF Score

Get the complete analysis for DHA:SALAMCRST

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT12.70
Price