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Globe International Carriers (NSE:GICL) Net-Net Working Capital : ₹2.26 (As of Mar. 2022)


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What is Globe International Carriers 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.

Globe International Carriers's Net-Net Working Capital for the quarter that ended in Mar. 2022 was ₹2.26.

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

NSE:GICL's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 5.61
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Globe International Carriers Net-Net Working Capital Historical Data

The historical data trend for Globe International Carriers'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.

Globe International Carriers Net-Net Working Capital Chart

Globe International Carriers Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.38 2.76 2.73 2.26 0.76

Globe International Carriers Semi-Annual Data
Mar12 Mar13 Mar14 Mar15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Mar23
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 2.90 2.73 2.59 2.26 0.76

Competitive Comparison of Globe International Carriers's Net-Net Working Capital

For the Integrated Freight & Logistics subindustry, Globe International Carriers'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.


Globe International Carriers's Price-to-Net-Net-Working-Capital Distribution in the Transportation Industry

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

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



Globe International Carriers Net-Net Working Capital Calculation

Globe International Carriers's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5.369+0.75 * 434.543+0.5 * 0-315.909
-0-0)/20.0985
=0.76

Globe International Carriers's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2022 is calculated as

Net-Net Working Capital(Q: Mar. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(13.778+0.75 * 541.946+0.5 * 0-374.894
-0-0)/20.0985
=2.26

* 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.


Globe International Carriers  (NSE:GICL) 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.


Globe International Carriers Net-Net Working Capital Related Terms

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Globe International Carriers (NSE:GICL) Business Description

Traded in Other Exchanges
N/A
Address
Near Mayank Trade Centre, Station Road, 301 - 306, Prakash deep Complex, Jaipur, RJ, IND, 302006
Globe International Carriers Ltd is an Indian company engaged in the business of providing services for transportation as a Goods Transport Agency. Its services include supply chain management, customs clearance, bulk transportation, transportation of all types of industries goods, bulk transportation, and other related services through open/closed body vehicles and two/three/four-wheeler vehicles, as well as packing and unpacking services of goods. The company provides services within India.

Globe International Carriers (NSE:GICL) Headlines

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