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XMH Holdings (SGX:BQF) Net-Net Working Capital : S$-0.30 (As of Apr. 2024)


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What is XMH 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.

XMH Holdings's Net-Net Working Capital for the quarter that ended in Apr. 2024 was S$-0.30.

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

SGX:BQF's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 8.41
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

XMH Holdings Net-Net Working Capital Historical Data

The historical data trend for XMH 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.

XMH Holdings Net-Net Working Capital Chart

XMH Holdings Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.46 -0.44 -0.46 -0.48 -0.30

XMH Holdings Semi-Annual Data
Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
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 -0.46 -0.55 -0.48 -0.38 -0.30

Competitive Comparison of XMH Holdings's Net-Net Working Capital

For the Specialty Industrial Machinery subindustry, XMH 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.


XMH Holdings's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, XMH Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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XMH Holdings Net-Net Working Capital Calculation

XMH Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Apr. 2024 is calculated as

Net-Net Working Capital(A: Apr. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(31.996+0.75 * 5.957+0.5 * 36.655-87.879
-0-0)/109.644
=-0.30

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

Net-Net Working Capital(Q: Apr. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(31.996+0.75 * 5.957+0.5 * 36.655-87.879
-0-0)/109.644
=-0.30

* 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.


XMH Holdings  (SGX:BQF) 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.


XMH Holdings Net-Net Working Capital Related Terms

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XMH Holdings Business Description

Traded in Other Exchanges
N/A
Address
55 Tuas Crescent, No. 07-01, Singapore, SGP, 638743
XMH Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is predominantly engaged as a diesel engine, propulsion, and power generating solutions provider to customers in the marine and industrial sectors across Asia. Its reportable segments are; Distribution, After-sales, and Project. The maximum revenue is generated from its Distribution segment which comprises distribution of propulsion engines. The After-sales segment relates to after-sales services provided which includes services/jobs, sales of spare parts, and other trading; and the Project segment relates to manufacturing, sales, and commission of power generator sets and the manufacturing of marine equipment and related repair services. Geographically, it derives key revenue from Indonesia.

XMH Holdings Headlines

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