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Starhill Global Real Estate Investment Trust (SGX:P40U) Net-Net Working Capital : S$-0.47 (As of Dec. 2023)


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What is Starhill Global Real Estate Investment 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.

Starhill Global Real Estate Investment Trust's Net-Net Working Capital for the quarter that ended in Dec. 2023 was S$-0.47.

The industry rank for Starhill Global Real Estate Investment Trust's Net-Net Working Capital or its related term are showing as below:

SGX:P40U's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 15.02
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Starhill Global Real Estate Investment Trust Net-Net Working Capital Historical Data

The historical data trend for Starhill Global Real Estate Investment 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.

Starhill Global Real Estate Investment Trust Net-Net Working Capital Chart

Starhill Global Real Estate Investment Trust Annual Data
Trend Dec14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.52 -0.54 -0.49 -0.48 -0.46

Starhill Global Real Estate Investment Trust Semi-Annual Data
Dec13 Jun14 Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 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 -0.48 -0.48 -0.47 -0.46 -0.47

Competitive Comparison of Starhill Global Real Estate Investment Trust's Net-Net Working Capital

For the REIT - Retail subindustry, Starhill Global Real Estate Investment 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.


Starhill Global Real Estate Investment Trust's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

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

* The bar in red indicates where Starhill Global Real Estate Investment Trust's Price-to-Net-Net-Working-Capital falls into.



Starhill Global Real Estate Investment Trust Net-Net Working Capital Calculation

Starhill Global Real Estate Investment Trust'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)
=(68.302+0.75 * 0.596+0.5 * 0-1111.166
-0-0)/2255.84
=-0.46

Starhill Global Real Estate Investment Trust'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)
=(62.716+0.75 * 3.828+0.5 * 0-1118.544
-0-0)/2258.96
=-0.47

* 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.


Starhill Global Real Estate Investment Trust  (SGX:P40U) 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.


Starhill Global Real Estate Investment Trust Net-Net Working Capital Related Terms

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Starhill Global Real Estate Investment Trust (SGX:P40U) Business Description

Traded in Other Exchanges
Address
391B Orchard Road, No. 21-08 Ngee Ann City Tower B, Singapore, SGP, 238874
Starhill Global Real Estate Investment Trust invests in retail and commercial properties. The company's properties are located in Asia-Pacific countries which include Singapore, Australia, Malaysia, China, and Japan. The company generates the majority of revenue from leasing properties to tenants, primarily department stores, fashion and footwear stores, cosmetics shops, and corporates. The company divides its operations into five segments: Wisma Atria Property; Ngee Ann City Property; Australia Properties; Malaysia Properties; and other properties. The two Singapore segments, Wisma Atria Property and Ngee Ann City Property, collectively generate more than half total revenue.

Starhill Global Real Estate Investment Trust (SGX:P40U) Headlines

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