GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Santova Ltd (JSE:SNV) » Definitions » Net-Net Working Capital

Santova (JSE:SNV) Net-Net Working Capital : R3.80 (As of Feb. 2025)


View and export this data going back to 2002. Start your Free Trial

What is Santova 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.

Santova's Net-Net Working Capital for the quarter that ended in Feb. 2025 was R3.80.

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

JSE:SNV's Price-to-Net-Net-Working-Capital is ranked better than
85.52% of 221 companies
in the Transportation industry
Industry Median: 6.32 vs JSE:SNV: 2.33

Santova Net-Net Working Capital Historical Data

The historical data trend for Santova'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.

Santova Net-Net Working Capital Chart

Santova Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.47 -0.38 1.51 2.53 3.80

Santova Semi-Annual Data
Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25
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 1.51 3.36 2.53 3.74 3.80

Competitive Comparison of Santova's Net-Net Working Capital

For the Integrated Freight & Logistics subindustry, Santova'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.


Santova's Price-to-Net-Net-Working-Capital Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Santova's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


;
;

Santova Net-Net Working Capital Calculation

Santova's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Feb. 2025 is calculated as

Net-Net Working Capital(A: Feb. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(486.186+0.75 * 655.081+0.5 * 0-491.626
-0--0.021)/127.996
=3.80

Santova's Net-Net Working Capital (NNWC) per share for the quarter that ended in Feb. 2025 is calculated as

Net-Net Working Capital(Q: Feb. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(486.186+0.75 * 655.081+0.5 * 0-491.626
-0--0.021)/127.996
=3.80

* 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.


Santova  (JSE:SNV) 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.


Santova Net-Net Working Capital Related Terms

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


Santova Business Description

Traded in Other Exchanges
N/A
Address
Level 3 West, 1 Ncondo Place, Umhlanga Ridge, Umhlanga, NL, ZAF, 4319
Santova Ltd is a South African firm engaged in the international trade solutions business. Its core services are Supply chain solutions, business intelligence, logistic services, Client Sourcing, Procurement Management Services, Express sensitive services, and financial services. The company operates in three segments, namely Logistics services segment is into the coordination and control over the forward and reverse movement of client's goods across the entire supply chain from source to destination; Financial services comprise insurance and related services and the Head office segment provides support services to all group's business unit. Majority of its revenue is derived from the Logistics segment. Its geographical segments include Africa, Asia Pacific, UK, North America and Europe.