GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dasin Retail Trust (SGX:CEDU) » Definitions » Net-Net Working Capital

Dasin Retail Trust (SGX:CEDU) Net-Net Working Capital : S$-1.60 (As of Sep. 2022)


View and export this data going back to 2017. Start your Free Trial

What is Dasin Retail Trust 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.

Dasin Retail Trust's Net-Net Working Capital for the quarter that ended in Sep. 2022 was S$-1.60.

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

SGX:CEDU's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.455
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Dasin Retail Trust Net-Net Working Capital Historical Data

The historical data trend for Dasin Retail Trust'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.

Dasin Retail Trust Net-Net Working Capital Chart

Dasin Retail Trust Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only -1.41 -1.41 -1.48 -22.45 -1.68

Dasin Retail Trust Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Jun22 Sep22
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 -1.66 - -1.68 -1.65 -1.60

Competitive Comparison of Dasin Retail Trust's Net-Net Working Capital

For the Real Estate - Development subindustry, Dasin Retail Trust'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.


Dasin Retail Trust's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Dasin Retail Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Dasin Retail Trust Net-Net Working Capital Calculation

Dasin Retail Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(388.765+0.75 * 0+0.5 * 0-1714.62
-0-0)/789.17
=-1.68

Dasin Retail Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2022 is calculated as

Net-Net Working Capital(Q: Sep. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(107.821+0.75 * 4.537+0.5 * 0-1396.119
-0-0)/804.473
=-1.60

* 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.


Dasin Retail Trust  (SGX:CEDU) 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.


Dasin Retail Trust Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Dasin Retail Trust's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Dasin Retail Trust (SGX:CEDU) Business Description

Traded in Other Exchanges
N/A
Address
138 Market Street, CapitaGreen No 26-02, Singapore, SGP, 048946
Dasin Retail Trust is a China retail property trust. The Trust's mandate is to invest in, own or develop land, uncompleted developments and income-producing real estate in Greater China used primarily for retail purposes, as well as real estate related assets, with a focus on retail malls. The Trust's portfolio comprises seven retail malls located in Zhongshan, Zhuhai and Foshan cities in Guangdong, PRC. The Trust is managed by Dasin Retail Trust Management Pte Ltd in its capacity as the Trustee-Manager. The Trust's reporting segments are Shiqi Metro Mall, Xiaolan Metro Mall, Ocean Metro Mall, Dasin E-Colour, Doumen Metro Mall, Shunde Metro Mall and Tanbei Metro Mall.

Dasin Retail Trust (SGX:CEDU) Headlines

No Headlines