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PT Multi Spunindo Jaya Tbk (ISX:MSJA) Net-Net Working Capital : Rp-35.94 (As of Jun. 2023)


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What is PT Multi Spunindo Jaya 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 Multi Spunindo Jaya Tbk's Net-Net Working Capital for the quarter that ended in Jun. 2023 was Rp-35.94.

The industry rank for PT Multi Spunindo Jaya Tbk's Net-Net Working Capital or its related term are showing as below:

ISX:MSJA's Price-to-Net-Net-Working-Capital is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.33
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

PT Multi Spunindo Jaya Tbk Net-Net Working Capital Historical Data

The historical data trend for PT Multi Spunindo Jaya 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 Multi Spunindo Jaya Tbk Net-Net Working Capital Chart

PT Multi Spunindo Jaya Tbk Annual Data
Trend Dec20 Dec21 Dec22
Net-Net Working Capital
-29.15 -44.30 -21.21

PT Multi Spunindo Jaya Tbk Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23
Net-Net Working Capital -29.15 -44.30 - -21.21 -35.94

Competitive Comparison of PT Multi Spunindo Jaya Tbk's Net-Net Working Capital

For the Textile Manufacturing subindustry, PT Multi Spunindo Jaya 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 Multi Spunindo Jaya Tbk's Price-to-Net-Net-Working-Capital Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Multi Spunindo Jaya Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where PT Multi Spunindo Jaya Tbk's Price-to-Net-Net-Working-Capital falls into.



PT Multi Spunindo Jaya Tbk Net-Net Working Capital Calculation

PT Multi Spunindo Jaya Tbk's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(207554.976+0.75 * 133084.364+0.5 * 132565.24-486088.279
-0-12348.845)/5882.353
=-21.21

PT Multi Spunindo Jaya Tbk's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2023 is calculated as

Net-Net Working Capital(Q: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(75400.481+0.75 * 144505.066+0.5 * 116947.377-413831.135
-0-39833.933)/5882.353
=-35.94

* 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 Multi Spunindo Jaya Tbk  (ISX:MSJA) 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 Multi Spunindo Jaya Tbk Net-Net Working Capital Related Terms

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PT Multi Spunindo Jaya Tbk (ISX:MSJA) Business Description

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Traded in Other Exchanges
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Address
Website
PT MultiSpunindo Jaya Tbk is engaged in nonwoven industry on a business to business (B2B) basis. It produces nonwoven sheet products which are then used as a raw material for finished products in various sectors starting from the health sector (sanitary napkins, diapers, masks, and others) to the construction and agricultural sectors.

PT Multi Spunindo Jaya Tbk (ISX:MSJA) Headlines

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