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Polaris (SGX:5BI) Net-Net Working Capital : S$0.00 (As of Dec. 2024)


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What is Polaris 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.

Polaris's Net-Net Working Capital for the quarter that ended in Dec. 2024 was S$0.00.

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

SGX:5BI's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Cyclical industry.
Industry Median: 5.32
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Polaris Net-Net Working Capital Historical Data

The historical data trend for Polaris'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.

Polaris Net-Net Working Capital Chart

Polaris Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
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Polaris Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24
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Competitive Comparison of Polaris's Net-Net Working Capital

For the Specialty Retail subindustry, Polaris'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.


Polaris's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Polaris's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Polaris Net-Net Working Capital Calculation

Polaris'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)
=(0.801+0.75 * 2.651+0.5 * 0.736-3.478
-0--1.216)/17053.170
=0.00

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

Net-Net Working Capital(Q: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.801+0.75 * 2.651+0.5 * 0.736-3.478
-0--1.216)/17053.170
=0.00

* 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.


Polaris  (SGX:5BI) 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.


Polaris Net-Net Working Capital Related Terms

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Polaris Business Description

Traded in Other Exchanges
N/A
Address
81 Ubi Avenue 4, Number 03-11 UB.One, Singapore, SGP, 408830
Polaris Ltd is an investment holding company. The segments of the company include the Pre-owned luxury goods segment, which engages in the business of importing and exporting pre-owned luxury goods and premium lifestyle products; the Consumer electronics segment, which engages in the corporate sale of telecommunication, IT, educational robotics, and consumer electronics products; Customer services segment, which provides after-market services to end consumers for equipment repairs, refurbishments, and technical services; and Corporate segment, which is involved in Group-level corporate services, treasury functions, and investments.

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