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Northern Region Cement Co (SAU:3004) Net-Net Working Capital : ﷼-5.04 (As of Mar. 2025)


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What is Northern Region Cement Co 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.

Northern Region Cement Co's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ﷼-5.04.

The industry rank for Northern Region Cement Co's Net-Net Working Capital or its related term are showing as below:

SAU:3004's Price-to-Net-Net-Working-Capital is not ranked *
in the Building Materials industry.
Industry Median: 7.69
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Northern Region Cement Co Net-Net Working Capital Historical Data

The historical data trend for Northern Region Cement Co'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.

Northern Region Cement Co Net-Net Working Capital Chart

Northern Region Cement Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.77 -4.11 -4.55 -4.90 -5.06

Northern Region Cement Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -4.18 -4.20 -4.29 -5.06 -5.04

Competitive Comparison of Northern Region Cement Co's Net-Net Working Capital

For the Building Materials subindustry, Northern Region Cement Co'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.


Northern Region Cement Co's Price-to-Net-Net-Working-Capital Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Northern Region Cement Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Northern Region Cement Co's Price-to-Net-Net-Working-Capital falls into.


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Northern Region Cement Co Net-Net Working Capital Calculation

Northern Region Cement Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(26.987+0.75 * 43.98+0.5 * 681.879-1309.959
-0-2.098)/180.000
=-5.06

Northern Region Cement Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(19.464+0.75 * 46.472+0.5 * 710.871-1314.656
-0-2.414)/180.000
=-5.04

* 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.


Northern Region Cement Co  (SAU:3004) 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.


Northern Region Cement Co Net-Net Working Capital Related Terms

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Northern Region Cement Co Business Description

Traded in Other Exchanges
N/A
Address
Airport Road, Riyadh Front, Ground Floor, Building S2, PO. Box 61011, Riyadh, SAU, 11565
Northern Region Cement Co. produces various kinds of cement, as well as manages and operates cement plants and wholesales & retails building products and materials. The company and its subsidiaries are managed as a single operational segment in the manufacture and production of cement of all kinds, and the company and its subsidiaries operate in Saudi Arabia. The Company's revenues consist mainly of Portland cement and White cement.

Northern Region Cement Co Headlines

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