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United Arab Float Glass Co (SAU:9611) Net-Net Working Capital : ﷼-7.97 (As of Jun. 2024)


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What is United Arab Float Glass 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.

United Arab Float Glass Co's Net-Net Working Capital for the quarter that ended in Jun. 2024 was ﷼-7.97.

The industry rank for United Arab Float Glass Co's Net-Net Working Capital or its related term are showing as below:

SAU:9611's Price-to-Net-Net-Working-Capital is not ranked *
in the Building Materials industry.
Industry Median: 7.28
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

United Arab Float Glass Co Net-Net Working Capital Historical Data

The historical data trend for United Arab Float Glass 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.

United Arab Float Glass Co Net-Net Working Capital Chart

United Arab Float Glass Co Annual Data
Trend
Net-Net Working Capital

United Arab Float Glass Co Semi-Annual Data
Jun23 Jun24
Net-Net Working Capital - -7.97

Competitive Comparison of United Arab Float Glass Co's Net-Net Working Capital

For the Building Materials subindustry, United Arab Float Glass 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.


United Arab Float Glass Co's Price-to-Net-Net-Working-Capital Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, United Arab Float Glass Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where United Arab Float Glass Co's Price-to-Net-Net-Working-Capital falls into.


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United Arab Float Glass Co Net-Net Working Capital Calculation

United Arab Float Glass Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in . 20 is calculated as

United Arab Float Glass 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)
=(8.198+0.75 * 23.627+0.5 * 91.227-207.042
-0-0)/17.004
=-7.97

* 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.


United Arab Float Glass Co  (SAU:9611) 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.


United Arab Float Glass Co Net-Net Working Capital Related Terms

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United Arab Float Glass Co Business Description

Traded in Other Exchanges
N/A
Address
Al Thumama Road, 13316 P.O. Box, All Rabie District, Riyadh, SAU, 26994
United Arab Float Glass Co is engaged in the float glass market that designs, thicknesses, and dimensions glasses. Its products are Clear float glass, Pattern glass, Silver, and Decorative mirrors. The company's activity is represented in the wholesale and retail trade of the company's products and building materials, including importing and exporting them abroad, owning lands and real estate, constructing buildings on them, practicing manufacturing industries related to the glass industry, and manufacturing and mining all glass industry requirements from raw materials and others.

United Arab Float Glass Co Headlines

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