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Credit Bureau Asia (SGX:TCU) Net-Net Working Capital : S$0.09 (As of Dec. 2023)


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What is Credit Bureau Asia 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.

Credit Bureau Asia's Net-Net Working Capital for the quarter that ended in Dec. 2023 was S$0.09.

The industry rank for Credit Bureau Asia's Net-Net Working Capital or its related term are showing as below:

SGX:TCU's Price-to-Net-Net-Working-Capital is ranked worse than
65.73% of 286 companies
in the Capital Markets industry
Industry Median: 5.825 vs SGX:TCU: 10.28

Credit Bureau Asia Net-Net Working Capital Historical Data

The historical data trend for Credit Bureau Asia'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.

Credit Bureau Asia Net-Net Working Capital Chart

Credit Bureau Asia Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -0.04 0.08 0.09 0.08 0.09

Credit Bureau Asia Semi-Annual Data
Dec17 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 0.09 0.08 0.08 0.08 0.09

Competitive Comparison of Credit Bureau Asia's Net-Net Working Capital

For the Financial Data & Stock Exchanges subindustry, Credit Bureau Asia'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.


Credit Bureau Asia's Price-to-Net-Net-Working-Capital Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Credit Bureau Asia's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Credit Bureau Asia's Price-to-Net-Net-Working-Capital falls into.



Credit Bureau Asia Net-Net Working Capital Calculation

Credit Bureau Asia's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(61.009+0.75 * 6.436+0.5 * 0-25.693
-0-18.513)/230.39
=0.09

Credit Bureau Asia'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)
=(61.009+0.75 * 6.436+0.5 * 0-25.693
-0-18.513)/230.39
=0.09

* 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.


Credit Bureau Asia  (SGX:TCU) 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.


Credit Bureau Asia Net-Net Working Capital Related Terms

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Credit Bureau Asia (SGX:TCU) Business Description

Traded in Other Exchanges
N/A
Address
6 Shenton Way, No. 17-10 OUE Downtown 2, Singapore, SGP, 068809
Credit Bureau Asia Ltd is a provider of credit and risk information solutions in Southeast Asia. The company provides credit and risk information solutions to a client base of banks, financial institutions, multinational corporations, telecommunication companies, government bodies and public agencies, local enterprises, and individuals across Singapore, Malaysia, Cambodia, and Myanmar (the Territories). It assists its customers to make informed, timely decisions by enhancing their risk assessment and decision-making processes with the help of products and services which include credit and risk information reports, credit scores, monitoring services, data trends and analytics, and client-specific tailored solutions.

Credit Bureau Asia (SGX:TCU) Headlines

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