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Crown Asia Chemicals (PHS:CROWN) Net-Net Working Capital : ₱0.85 (As of Dec. 2023)


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What is Crown Asia Chemicals 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.

Crown Asia Chemicals's Net-Net Working Capital for the quarter that ended in Dec. 2023 was ₱0.85.

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

PHS:CROWN's Price-to-Net-Net-Working-Capital is ranked better than
86.09% of 575 companies
in the Chemicals industry
Industry Median: 7.18 vs PHS:CROWN: 2.35

Crown Asia Chemicals Net-Net Working Capital Historical Data

The historical data trend for Crown Asia Chemicals'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.

Crown Asia Chemicals Net-Net Working Capital Chart

Crown Asia Chemicals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.43 0.49 0.84 0.85

Crown Asia Chemicals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.84 0.95 1.04 1.11 0.85

Competitive Comparison of Crown Asia Chemicals's Net-Net Working Capital

For the Specialty Chemicals subindustry, Crown Asia Chemicals'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.


Crown Asia Chemicals's Price-to-Net-Net-Working-Capital Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Crown Asia Chemicals's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Crown Asia Chemicals Net-Net Working Capital Calculation

Crown Asia Chemicals's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(374.244+0.75 * 343.924+0.5 * 716.918-472.921
-0-0)/610.639
=0.85

Crown Asia Chemicals's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(374.244+0.75 * 343.924+0.5 * 716.918-472.921
-0-0)/610.639
=0.85

* 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.


Crown Asia Chemicals  (PHS:CROWN) 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.


Crown Asia Chemicals Net-Net Working Capital Related Terms

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Crown Asia Chemicals (PHS:CROWN) Business Description

Traded in Other Exchanges
N/A
Address
Km. 33, MacArthur Highway, Bo. Tuktukan, Guiguinto, BUL, PHL
Crown Asia Chemicals Corp is a chemical company. It is engaged in the manufacturing, importing, exporting, buying, selling, or otherwise dealing in, wholesale and retail goods such as plastic, synthetic resins, compounds, and other allied or related products of a similar nature. It is organized into four business segments: Compounds which is the highest revenue-generating segment, Pipes, Polypropylene Random (PPR)/High-density Polyethylene (HDPE), and Roofing. The Compounds segment includes PVC compounds for wires, cables, bottles, integrated circuit tube packaging, and films. The Pipes segment includes PVC pipes and fittings; PRC pipes and fittings; and high-density Polyethylene pipes and fittings. The Roofing segment includes unplasticized PVC roofing materials.

Crown Asia Chemicals (PHS:CROWN) Headlines

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