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Sime Darby Bhd (Sime Darby Bhd) Net-Net Working Capital : $-0.45 (As of Mar. 2024)


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What is Sime Darby Bhd 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.

Sime Darby Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-0.45.

The industry rank for Sime Darby Bhd's Net-Net Working Capital or its related term are showing as below:

SMEBF's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.66
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sime Darby Bhd Net-Net Working Capital Historical Data

The historical data trend for Sime Darby Bhd'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.

Sime Darby Bhd Net-Net Working Capital Chart

Sime Darby Bhd Annual Data
Trend Jun14 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 -0.10 -0.16 -0.14 -0.19 -0.27

Sime Darby Bhd 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 -0.14 -0.27 -0.23 -0.46 -0.45

Competitive Comparison of Sime Darby Bhd's Net-Net Working Capital

For the Auto Manufacturers subindustry, Sime Darby Bhd'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.


Sime Darby Bhd's Price-to-Net-Net-Working-Capital Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sime Darby Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Sime Darby Bhd's Price-to-Net-Net-Working-Capital falls into.



Sime Darby Bhd Net-Net Working Capital Calculation

Sime Darby Bhd'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)
=(683.355+0.75 * 801.711+0.5 * 2473.813-4267.078
-0-77.104)/6815.6
=-0.27

Sime Darby Bhd'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)
=(852.228+0.75 * 1688.761+0.5 * 2984.495-6105.797
-0-548.497)/6816.000
=-0.45

* 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.


Sime Darby Bhd  (OTCPK:SMEBF) 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.


Sime Darby Bhd Net-Net Working Capital Related Terms

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Sime Darby Bhd (Sime Darby Bhd) Business Description

Traded in Other Exchanges
Address
Jalan PJU 1A/2, Level 9, Menara Sime Darby, Oasis Corporate Park, Ara Damansara, Petaling Jaya, SGR, MYS, 47301
Sime Darby Bhd is a Malaysia-based investment holding company. It organizes itself into five segments, based on business type: motors, industrial, healthcare, and others. The Industrial segment sells, rents, and services equipment and engineering services; the Motors segment, the largest contributor to revenue, assembles sells and rents out vehicles and provides after-sales services; the Healthcare segment invests in the Ramsay Sime Darby Health Care Group, providers of healthcare services; and Others include insurance broking and other general investments. Sime Darby derives revenue from Malaysia, Greater China, Other Countries in Asia, and Australasia.

Sime Darby Bhd (Sime Darby Bhd) Headlines

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