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Al Omaniya Financial ServicesOG (MUS:AOFS) Net-Net Working Capital : ر.ع-0.18 (As of Dec. 2022)


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What is Al Omaniya Financial ServicesOG 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.

Al Omaniya Financial ServicesOG's Net-Net Working Capital for the quarter that ended in Dec. 2022 was ر.ع-0.18.

The industry rank for Al Omaniya Financial ServicesOG's Net-Net Working Capital or its related term are showing as below:

MUS:AOFS's Price-to-Net-Net-Working-Capital is not ranked *
in the Credit Services industry.
Industry Median: 6.27
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Al Omaniya Financial ServicesOG Net-Net Working Capital Historical Data

The historical data trend for Al Omaniya Financial ServicesOG'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.

Al Omaniya Financial ServicesOG Net-Net Working Capital Chart

Al Omaniya Financial ServicesOG Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.44 -0.31 -0.14 -0.15 -0.18

Al Omaniya Financial ServicesOG Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
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 -0.44 -0.31 -0.14 -0.15 -0.18

Competitive Comparison of Al Omaniya Financial ServicesOG's Net-Net Working Capital

For the Credit Services subindustry, Al Omaniya Financial ServicesOG'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.


Al Omaniya Financial ServicesOG's Price-to-Net-Net-Working-Capital Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Al Omaniya Financial ServicesOG's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Al Omaniya Financial ServicesOG's Price-to-Net-Net-Working-Capital falls into.



Al Omaniya Financial ServicesOG Net-Net Working Capital Calculation

Al Omaniya Financial ServicesOG'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 )
=(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)
=(85.643+0+0.75 * 0+0.5 * 0-140.111
-0-0)/303.214
=-0.18

Al Omaniya Financial ServicesOG's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2022 is calculated as

Net-Net Working Capital(Q: Dec. 2022 )
=(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)
=(85.643+0+0.75 * 0+0.5 * 0-140.111
-0-0)/303.214
=-0.18

* 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.


Al Omaniya Financial ServicesOG  (MUS:AOFS) 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.


Al Omaniya Financial ServicesOG Net-Net Working Capital Related Terms

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Al Omaniya Financial ServicesOG (MUS:AOFS) Business Description

Traded in Other Exchanges
N/A
Address
Jibroo, P.O. Box 1087, Muscat, OMN, 114
Al Omaniya Financial Services SAOG is involved in capital markets that provide Corporate loans, Retail Asset Financing which provides specialized finance products for the self-employed, salaried individuals, transport operators, small and large businesses, and Micro Credit. The company is also involved in hire purchase and lease finance for motor vehicles and other assets, debt factoring, bill discounting, bridge loans, working capital loans, and project and construction loans.

Al Omaniya Financial ServicesOG (MUS:AOFS) Headlines

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