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Lincotrade & Associates Holdings (SGX:BFT) Net-Net Working Capital : S$-0.01 (As of Dec. 2023)


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What is Lincotrade & Associates 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.

Lincotrade & Associates Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was S$-0.01.

The industry rank for Lincotrade & Associates Holdings's Net-Net Working Capital or its related term are showing as below:

SGX:BFT's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.295
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Lincotrade & Associates Holdings Net-Net Working Capital Historical Data

The historical data trend for Lincotrade & Associates 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.

Lincotrade & Associates Holdings Net-Net Working Capital Chart

Lincotrade & Associates Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Jun21 Jun22 Jun23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.11 -0.21 - -0.29 -0.07

Lincotrade & Associates Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.01 -0.29 -0.07 -0.07 -0.01

Competitive Comparison of Lincotrade & Associates Holdings's Net-Net Working Capital

For the Engineering & Construction subindustry, Lincotrade & Associates 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.


Lincotrade & Associates Holdings's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Lincotrade & Associates Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Lincotrade & Associates Holdings's Price-to-Net-Net-Working-Capital falls into.



Lincotrade & Associates Holdings Net-Net Working Capital Calculation

Lincotrade & Associates Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2023 is calculated as

Net-Net Working Capital(A: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(9.116+0.75 * 5.974+0.5 * 0-26.312
-0-0)/172.028
=-0.07

Lincotrade & Associates 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)
=(19.543+0.75 * 13.98+0.5 * 0-32.056
-0-0.054)/172.028
=-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.


Lincotrade & Associates Holdings  (SGX:BFT) 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.


Lincotrade & Associates Holdings Net-Net Working Capital Related Terms

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Lincotrade & Associates Holdings Business Description

Traded in Other Exchanges
N/A
Address
39 Sungei Kadut Loop, Singapore, SGP, 729494
Lincotrade & Associates Holdings Ltd specializes in interior fitting out services, additions and alterations ("A&A") works, and other building construction services. Its segments include commercial premises, such as offices, hotels, shopping malls, and food and beverage establishments; residential premises such as condominium developments; and show flats and sales galleries. The company generates the majority of its revenue from commercial premises. Geographically the company operates in Singapore.

Lincotrade & Associates Holdings Headlines

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