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Parkit Enterprise (Parkit Enterprise) Net-Net Working Capital : $-0.53 (As of Mar. 2024)


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What is Parkit Enterprise 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.

Parkit Enterprise's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-0.53.

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

PKTEF's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.345
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Parkit Enterprise Net-Net Working Capital Historical Data

The historical data trend for Parkit Enterprise'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.

Parkit Enterprise Net-Net Working Capital Chart

Parkit Enterprise Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 - 0.01 -0.19 -0.54

Parkit Enterprise Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.48 -0.52 -0.53 -0.54 -0.53

Competitive Comparison of Parkit Enterprise's Net-Net Working Capital

For the Real Estate Services subindustry, Parkit Enterprise'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.


Parkit Enterprise's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Parkit Enterprise's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Parkit Enterprise Net-Net Working Capital Calculation

Parkit Enterprise'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)
=(7.869+0.75 * 1.053+0.5 * 0-130.699
-0-0)/227.892
=-0.54

Parkit Enterprise's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(8.277+0.75 * 0.001+0.5 * 0-129.043
-0-0)/227.883
=-0.53

* 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.


Parkit Enterprise  (OTCPK:PKTEF) 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.


Parkit Enterprise Net-Net Working Capital Related Terms

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Parkit Enterprise (Parkit Enterprise) Business Description

Traded in Other Exchanges
Address
100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5
Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.

Parkit Enterprise (Parkit Enterprise) Headlines

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Parkit announces sale of JV asset

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