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Precinct Properties NZ & Precinct Properties Investments (NZSE:PCT) Net-Net Working Capital : NZ$-1.01 (As of Dec. 2024)


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What is Precinct Properties NZ & Precinct Properties Investments 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.

Precinct Properties NZ & Precinct Properties Investments's Net-Net Working Capital for the quarter that ended in Dec. 2024 was NZ$-1.01.

The industry rank for Precinct Properties NZ & Precinct Properties Investments's Net-Net Working Capital or its related term are showing as below:

NZSE:PCT's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 15.2
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Precinct Properties NZ & Precinct Properties Investments Net-Net Working Capital Historical Data

The historical data trend for Precinct Properties NZ & Precinct Properties Investments'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.

Precinct Properties NZ & Precinct Properties Investments Net-Net Working Capital Chart

Precinct Properties NZ & Precinct Properties Investments Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.96 -0.83 -0.87 -0.89 -0.89

Precinct Properties NZ & Precinct Properties Investments Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -0.86 -0.89 -0.80 -0.89 -1.01

Competitive Comparison of Precinct Properties NZ & Precinct Properties Investments's Net-Net Working Capital

For the REIT - Diversified subindustry, Precinct Properties NZ & Precinct Properties Investments'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.


Precinct Properties NZ & Precinct Properties Investments's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Precinct Properties NZ & Precinct Properties Investments's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Precinct Properties NZ & Precinct Properties Investments's Price-to-Net-Net-Working-Capital falls into.


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Precinct Properties NZ & Precinct Properties Investments Net-Net Working Capital Calculation

Precinct Properties NZ & Precinct Properties Investments's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2024 is calculated as

Net-Net Working Capital(A: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(22.1+0.75 * 10.9+0.5 * 0-1471.6
-0--26.9)/1586.400
=-0.89

Precinct Properties NZ & Precinct Properties Investments's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2024 is calculated as

Net-Net Working Capital(Q: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(25.5+0.75 * 35.9+0.5 * 0-1702
-0--39.4)/1587.100
=-1.01

* 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.


Precinct Properties NZ & Precinct Properties Investments  (NZSE:PCT) 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.


Precinct Properties NZ & Precinct Properties Investments Net-Net Working Capital Related Terms

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Precinct Properties NZ & Precinct Properties Investments Business Description

Traded in Other Exchanges
Address
188 Quay Street, Level 12, Auckland, NZL, 1010
Precinct Properties NZ Ltd & Precinct Properties Investments Ltd invests predominantly in prime office properties in the central business districts of New Zealand. The company's operating segment includes Investment properties, Hotel and hospitality, Investment management and Flexible space. It generates maximum revenue from the Investment properties segment. Some of its properties include ANZ Centre; 10 Madden Street; Mason Brothers; PwC Tower at Commercial Bay and others.