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SPHL (Springview Holdings) Net-Net Working Capital : $-0.11 (As of Dec. 2024)


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What is Springview Holdings 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.

Springview Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2024 was $-0.11.

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

SPHL's Price-to-Net-Net-Working-Capital is not ranked *
in the Homebuilding & Construction industry.
Industry Median: 7.67
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Springview Holdings Net-Net Working Capital Historical Data

The historical data trend for Springview Holdings'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.

Springview Holdings Net-Net Working Capital Chart

Springview Holdings Annual Data
Trend Dec22 Dec23 Dec24
Net-Net Working Capital
-0.17 -0.26 -0.11

Springview Holdings Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Net-Net Working Capital Get a 7-Day Free Trial -0.17 -0.16 -0.26 -0.28 -0.11

Competitive Comparison of Springview Holdings's Net-Net Working Capital

For the Residential Construction subindustry, Springview Holdings'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.

Springview Holdings's Price-to-Net-Net-Working-Capital Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Springview Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Springview Holdings Net-Net Working Capital Calculation

Springview Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.498+0.75 * 0.033+0.5 * 0-3.814
-0-0)/11.500
=-0.11

Springview Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2024 is calculated as

Net-Net Working Capital(Q: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.498+0.75 * 0.033+0.5 * 0-3.814
-0-0)/11.500
=-0.11

* 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.

Springview Holdings  (NAS:SPHL) 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.

Springview Holdings Net-Net Working Capital Related Terms

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Springview Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Springview Holdings Ltd (NAS:SPHL) » Definitions » Net-Net Working Capital
Comparable Companies
DREM DHI LEN NVR PHM TSE:1928 TOL LSE:BTRW TSE:1911 LSE:PSN TMHC LSE:TW. LSE:BKG SKY MTH IBP LSE:BWY TSE:1808 TSE:3291 CVCO
Traded in Other Exchanges
N/A
Address
203 Henderson Road, No.06-01, Henderson Industrial Park, Singapore, SGP, 159546
Website
https://www.springviewggl.com
Springview Holdings Ltd is a company that conducts its operations through its indirect wholly-owned subsidiary which designs and constructs residential and commercial buildings in Singapore. It also provides four main types of works which includes new construction, reconstruction, Additions and Alterations (A&A), and other general contracting services such as renovation and design consultation. The company operates and manages its business as a single segment - in the development of construction projects. It derives maximum revenue from its Residential Customers.