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PT Sinar Eka Selaras Tbk (ISX:ERAL) Net-Net Working Capital : Rp72.39 (As of Sep. 2024)


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What is PT Sinar Eka Selaras Tbk 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.

PT Sinar Eka Selaras Tbk's Net-Net Working Capital for the quarter that ended in Sep. 2024 was Rp72.39.

The industry rank for PT Sinar Eka Selaras Tbk's Net-Net Working Capital or its related term are showing as below:

ISX:ERAL's Price-to-Net-Net-Working-Capital is ranked better than
59.94% of 317 companies
in the Retail - Cyclical industry
Industry Median: 5.99 vs ISX:ERAL: 4.31

PT Sinar Eka Selaras Tbk Net-Net Working Capital Historical Data

The historical data trend for PT Sinar Eka Selaras Tbk'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.

PT Sinar Eka Selaras Tbk Net-Net Working Capital Chart

PT Sinar Eka Selaras Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
3.82 15.69 21.75 93.09

PT Sinar Eka Selaras Tbk Quarterly Data
Dec20 Dec21 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 66.99 93.09 74.88 77.11 72.39

Competitive Comparison of PT Sinar Eka Selaras Tbk's Net-Net Working Capital

For the Specialty Retail subindustry, PT Sinar Eka Selaras Tbk'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.


PT Sinar Eka Selaras Tbk's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PT Sinar Eka Selaras Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where PT Sinar Eka Selaras Tbk's Price-to-Net-Net-Working-Capital falls into.



PT Sinar Eka Selaras Tbk Net-Net Working Capital Calculation

PT Sinar Eka Selaras Tbk'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)
=(493231.72+0.75 * 291155.965+0.5 * 612124.225-533962.296
-0-788.681)/5187.5
=93.09

PT Sinar Eka Selaras Tbk'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)
=(434380.547+0.75 * 266382.857+0.5 * 557232.997-536476.468
-0-790.657)/5187.5
=72.39

* 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.


PT Sinar Eka Selaras Tbk  (ISX:ERAL) 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.


PT Sinar Eka Selaras Tbk Net-Net Working Capital Related Terms

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PT Sinar Eka Selaras Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan Bandengan Selatan No. 19-20, Erajaya Plaza, Pekojan, Tambora, Jakarta Barat, Jakarta, IDN, 11240
PT Sinar Eka Selaras Tbk is a company engaged in the end-to-end retail products trading business that focuses on computers and electronic equipment as well as clothing for several brands in Indonesia. It focuses on sales of lifestyle-related products such as accessories, Internet of Things (IoT), sports fashion apparel, as well as other outdoor activity-related products with a variety of stores, from multi-brand concepts like Urban Republic & JD Sports stores to mono-brand concepts like Asics, DJI, Garmin, and other several brands. Its vision is to become an active lifestyle company and a mission to provide innovative solutions and outstanding services through a world-class active lifestyle product portfolio, supported by the Omni-Channel Network spread throughout the country.

PT Sinar Eka Selaras Tbk Headlines

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