View United Real Estate Development Co (SAU:9591) Net-Net Working Capital : ﷼0.34 (As of Jun. 2024)

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What is View United Real Estate Development 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.

View United Real Estate Development Co's Net-Net Working Capital for the quarter that ended in Jun. 2024 was ﷼0.34.

The industry rank for View United Real Estate Development Co's Net-Net Working Capital or its related term are showing as below:

SAU:9591's Price-to-Net-Net-Working-Capital is ranked worse than
85.9% of 312 companies
in the Real Estate industry
Industry Median: 4.615 vs SAU:9591: 20.26

View United Real Estate Development Co Net-Net Working Capital Historical Data

The historical data trend for View United Real Estate Development 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.

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View United Real Estate Development Co Net-Net Working Capital Chart

View United Real Estate Development Co Annual Data

Trend

Dec22

Dec23

Net-Net Working Capital

-0.39

0.89

View United Real Estate Development Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Net-Net Working Capital	-0.39	-	0.89	0.34

Competitive Comparison of View United Real Estate Development Co's Net-Net Working Capital

For the Real Estate - Development subindustry, View United Real Estate Development 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.

View United Real Estate Development Co's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, View United Real Estate Development Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where View United Real Estate Development Co's Price-to-Net-Net-Working-Capital falls into.

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View United Real Estate Development Co Net-Net Working Capital Calculation

View United Real Estate Development Co'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)
=	(33.944	+	0.75 * 8.633	+	0.5 * 8.932	-	15.608
-	0	-	0)	/	33.000
=	0.89

View United Real Estate Development Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

	Net-Net Working Capital		(Q: Jun. 2024 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(34.285	+	0.75 * 2.424	+	0.5 * 51.424	-	50.658
-	0	-	0)	/	33.000
=	0.34

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.

View United Real Estate Development Co (SAU:9591) 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.

View United Real Estate Development Co Net-Net Working Capital Related Terms

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View United Real Estate Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » View United Real Estate Development Co (SAU:9591) » Definitions » Net-Net Working Capital

Traded in Other Exchanges

N/A

Address

3898 Anas Bin Malik Road, Al Yasmeen District 6577, Riyadh, SAU, 13325

Website

https://www.view.sa

View United Real Estate Development Co is a real estate development company relying on high expertise and modern technology in all stages of development and implementation to reach the architectural and construction design. The company's business activities consists of construction of residential buildings, general construction of non-residential buildings such as schools, hospitals, and hotels, purchasing and selling land and properties, off-plan sales, and management and leasing of owned or leased residential and non-residential properties.

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