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Stolt-Nielsen (Stolt-Nielsen) Net-Net Working Capital : $-34.10 (As of Feb. 2024)


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What is Stolt-Nielsen 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.

Stolt-Nielsen's Net-Net Working Capital for the quarter that ended in Feb. 2024 was $-34.10.

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

SOIEF's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 5.53
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Stolt-Nielsen Net-Net Working Capital Historical Data

The historical data trend for Stolt-Nielsen'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.

Stolt-Nielsen Net-Net Working Capital Chart

Stolt-Nielsen Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -37.56 -43.21 -42.19 -38.60 -35.51

Stolt-Nielsen Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 -36.74 -38.34 -36.87 -35.51 -34.10

Competitive Comparison of Stolt-Nielsen's Net-Net Working Capital

For the Marine Shipping subindustry, Stolt-Nielsen'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.


Stolt-Nielsen's Price-to-Net-Net-Working-Capital Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Stolt-Nielsen's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Stolt-Nielsen Net-Net Working Capital Calculation

Stolt-Nielsen's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Nov. 2023 is calculated as

Net-Net Working Capital(A: Nov. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(446.515+0.75 * 298.548+0.5 * 63.202-3077.669
-0-0)/66.9047
=-35.51

Stolt-Nielsen's Net-Net Working Capital (NNWC) per share for the quarter that ended in Feb. 2024 is calculated as

Net-Net Working Capital(Q: Feb. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(360.605+0.75 * 344.286+0.5 * 65.23-2932.795
-0-0)/66.9047
=-34.10

* 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.


Stolt-Nielsen  (OTCPK:SOIEF) 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.


Stolt-Nielsen Net-Net Working Capital Related Terms

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Stolt-Nielsen (Stolt-Nielsen) Business Description

Traded in Other Exchanges
Address
2 Church Street, Clarendon House, Hamilton, BMU, HM 11
Stolt-Nielsen Ltd is a transportation and logistics company domiciled in Bermuda. The company organizes itself into five business segments: tankers, tank containers, terminals, Stolt-Nielsen Gas, and Stolt Sea Farm. The Group generates the majority of its operating revenue through its tanker segment from the transportation of liquids by sea and inland waterways under contracts of affreightment or through contracts on the spot market.

Stolt-Nielsen (Stolt-Nielsen) Headlines

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