GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » S A M Trade Asia Pte Ltd (OTCPK:SMFX) » Definitions » Net-Net Working Capital

S A M Trade Asia Pte (S A M Trade Asia Pte) Net-Net Working Capital : $-31.37 (As of May. 2008)


View and export this data going back to 2003. Start your Free Trial

What is S A M Trade Asia Pte 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.

S A M Trade Asia Pte's Net-Net Working Capital for the quarter that ended in May. 2008 was $-31.37.

The industry rank for S A M Trade Asia Pte's Net-Net Working Capital or its related term are showing as below:

SMFX's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.8
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

S A M Trade Asia Pte Net-Net Working Capital Historical Data

The historical data trend for S A M Trade Asia Pte'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.

S A M Trade Asia Pte Net-Net Working Capital Chart

S A M Trade Asia Pte Annual Data
Trend Feb03 Feb04 Feb05 Feb06 Feb07 Feb08
Net-Net Working Capital
Get a 7-Day Free Trial -47.00 -3.82 -11.31 -20.52 -29.35

S A M Trade Asia Pte Quarterly Data
Aug03 Nov03 Feb04 May04 Aug04 Nov04 Feb05 May05 Aug05 Nov05 Feb06 May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08
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 -21.50 -25.98 -28.41 -29.35 -31.37

Competitive Comparison of S A M Trade Asia Pte's Net-Net Working Capital

For the Shell Companies subindustry, S A M Trade Asia Pte'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.


S A M Trade Asia Pte's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, S A M Trade Asia Pte's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where S A M Trade Asia Pte's Price-to-Net-Net-Working-Capital falls into.



S A M Trade Asia Pte Net-Net Working Capital Calculation

S A M Trade Asia Pte's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Feb. 2008 is calculated as

Net-Net Working Capital(A: Feb. 2008 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.007+0.75 * 0.016+0.5 * 0-3.836
-0-0)/0.13005
=-29.35

S A M Trade Asia Pte's Net-Net Working Capital (NNWC) per share for the quarter that ended in May. 2008 is calculated as

Net-Net Working Capital(Q: May. 2008 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.012+0.75 * 0.01+0.5 * 0-4.099
-0-0)/0.13005
=-31.37

* 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.


S A M Trade Asia Pte  (OTCPK:SMFX) 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.


S A M Trade Asia Pte Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of S A M Trade Asia Pte's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


S A M Trade Asia Pte (S A M Trade Asia Pte) Business Description

Traded in Other Exchanges
N/A
Address
50 West Liberty Street, Suite 880, Reno, NV, USA, 89501
S A M Trade Asia Pte Ltd is a shell company.
Executives
William L Sklar director 513 ROSELAWN AVENUE, TORONTO A6 M5N 1K2

S A M Trade Asia Pte (S A M Trade Asia Pte) Headlines

No Headlines