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PREC (Prestige Cars International) Net-Net Working Capital : $0.00 (As of Sep. 2023)


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What is Prestige Cars International 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.

Prestige Cars International's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $0.00.

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

PREC's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.33
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Prestige Cars International Net-Net Working Capital Historical Data

The historical data trend for Prestige Cars International'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.

Prestige Cars International Net-Net Working Capital Chart

Prestige Cars International Annual Data
Trend
Net-Net Working Capital

Prestige Cars International Semi-Annual Data
Sep22 Sep23
Net-Net Working Capital - -

Competitive Comparison of Prestige Cars International's Net-Net Working Capital

For the Auto & Truck Dealerships subindustry, Prestige Cars International'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.


Prestige Cars International's Price-to-Net-Net-Working-Capital Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Prestige Cars International's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Prestige Cars International Net-Net Working Capital Calculation

Prestige Cars International's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in . 20 is calculated as

Prestige Cars International's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.152+0.75 * 0.023+0.5 * 1.294-1.806
-0-0)/0
=N/A

* 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.


Prestige Cars International  (OTCPK:PREC) 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.


Prestige Cars International Net-Net Working Capital Related Terms

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Prestige Cars International Business Description

Traded in Other Exchanges
N/A
Address
756 North West 27th Avenue, Fort Lauderdale, FL, USA, 33311
Prestige Cars International Inc is engaged in restoring, buying, maintaining, selling and servicing High-End luxury European vehicles new and used and their parts world wide. The business of the company is conducted through its showroom and via the internet. The Company specializes in current and vintage Rolls Royce, Bentley, Mercedes Benz, BMW, Porsche, Jaguar, Ferrari, Aston Martin and Land Rovers. The Company services both the B2B and B2C automotive space.

Prestige Cars International Headlines

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