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Hatten Land (SGX:PH0) Net-Net Working Capital : S$-0.10 (As of Mar. 2024)


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What is Hatten Land 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.

Hatten Land's Net-Net Working Capital for the quarter that ended in Mar. 2024 was S$-0.10.

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

SGX:PH0's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.3
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Hatten Land Net-Net Working Capital Historical Data

The historical data trend for Hatten Land'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.

Hatten Land Net-Net Working Capital Chart

Hatten Land Annual Data
Trend Dec12 Mar15 Mar16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.11 -0.19 -0.18 -0.14 -0.10

Hatten Land Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.11 -0.10 -0.10 -0.10 -0.10

Competitive Comparison of Hatten Land's Net-Net Working Capital

For the Real Estate - Development subindustry, Hatten Land'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.


Hatten Land's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

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

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



Hatten Land Net-Net Working Capital Calculation

Hatten Land'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)
=(0.438+0.75 * 43.093+0.5 * 179.136-306.747
-0-0.055)/1857.12
=-0.10

Hatten Land's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.507+0.75 * 38.933+0.5 * 176.341-309.685
-0-0.061)/1857.12
=-0.10

* 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.


Hatten Land  (SGX:PH0) 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.


Hatten Land Net-Net Working Capital Related Terms

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Hatten Land (SGX:PH0) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Melaka Raya 23, L4-155 and 156, ElementX Mall at Hatten City, Taman Melaka, Melaka, MYS
Hatten Land Ltd is a property developer in Malaysia specializing in integrated residential, hotel and commercial developments. Along with its subsidiaries, the company is also involved in the business of the provision of space, power capacity, connectivity, setup and installation, utilities and technical support for external customers engaged in crypto mining activities. Hatten Land's development portfolio comprises integrated mixed-use development projects and retail malls in Melaka, Malaysia. The company's entire operations constitute a single segment which is in the business of property development in Malaysia.

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