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Asiatic Group (Holdings) (SGX:5CR) Net-Net Working Capital : S$-0.01 (As of Dec. 2023)


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What is Asiatic Group (Holdings) 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.

Asiatic Group (Holdings)'s Net-Net Working Capital for the quarter that ended in Dec. 2023 was S$-0.01.

The industry rank for Asiatic Group (Holdings)'s Net-Net Working Capital or its related term are showing as below:

SGX:5CR's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 6.49
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Asiatic Group (Holdings) Net-Net Working Capital Historical Data

The historical data trend for Asiatic Group (Holdings)'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.

Asiatic Group (Holdings) Net-Net Working Capital Chart

Asiatic Group (Holdings) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 -0.03 -0.02 -0.02 -0.02

Asiatic Group (Holdings) Quarterly Data
Mar18 Sep18 Mar19 Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.02 -0.02 -0.02 -0.01 -0.01

Competitive Comparison of Asiatic Group (Holdings)'s Net-Net Working Capital

For the Utilities - Independent Power Producers subindustry, Asiatic Group (Holdings)'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.


Asiatic Group (Holdings)'s Price-to-Net-Net-Working-Capital Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Asiatic Group (Holdings)'s Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Asiatic Group (Holdings)'s Price-to-Net-Net-Working-Capital falls into.



Asiatic Group (Holdings) Net-Net Working Capital Calculation

Asiatic Group (Holdings)'s Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.698+0.75 * 6.081+0.5 * 3.977-35.085
-0-6.035)/1741.65
=-0.02

Asiatic Group (Holdings)'s Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.188+0.75 * 6.49+0.5 * 4.01-30.144
-0-6.298)/3233.42
=-0.01

* 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.


Asiatic Group (Holdings)  (SGX:5CR) 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.


Asiatic Group (Holdings) Net-Net Working Capital Related Terms

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Asiatic Group (Holdings) (SGX:5CR) Business Description

Traded in Other Exchanges
N/A
Address
65 Joo Koon Circle, Singapore, SGP, 629078
Asiatic Group (Holdings) Ltd is an engineering management company focused on the development of two sectors Power and Fire fighting and protection. The firefighting and protection sector includes the supply, installation, and maintenance of fire-fighting and protection equipment. The power sector includes power generation and distribution of controlled power supply and equipment. The company manufactures fire extinguishers and assembles fire-fighting products such as hose reels, hydrants, alarm systems, and emergency lighting, under its brand name KILLFIRE. It operates in Singapore, Cambodia, and other countries. It generates revenue from the Power sector.

Asiatic Group (Holdings) (SGX:5CR) Headlines

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