GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Stadler Rail AG (OTCPK:SRAIF) » Definitions » Net-Net Working Capital

SRAIF (Stadler Rail AG) Net-Net Working Capital : $-29.42 (As of Jun. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Stadler Rail AG 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.

Stadler Rail AG's Net-Net Working Capital for the quarter that ended in Jun. 2024 was $-29.42.

The industry rank for Stadler Rail AG's Net-Net Working Capital or its related term are showing as below:

SRAIF's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.805
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Stadler Rail AG Net-Net Working Capital Historical Data

The historical data trend for Stadler Rail AG'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.

Stadler Rail AG Net-Net Working Capital Chart

Stadler Rail AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -15.86 -22.03 -19.57 -20.60 -25.53

Stadler Rail AG Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -20.51 -20.60 -23.17 -25.53 -29.42

Competitive Comparison of Stadler Rail AG's Net-Net Working Capital

For the Railroads subindustry, Stadler Rail AG'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.


Stadler Rail AG's Price-to-Net-Net-Working-Capital Distribution in the Transportation Industry

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

* The bar in red indicates where Stadler Rail AG's Price-to-Net-Net-Working-Capital falls into.



Stadler Rail AG Net-Net Working Capital Calculation

Stadler Rail AG'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)
=(1256.989+0.75 * 386.299+0.5 * 1556.052-4844.26
-0-33.509)/99.9997
=-25.53

Stadler Rail AG's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(903.786+0.75 * 353.735+0.5 * 1893.226-5030.236
-0-27.134)/99.9997
=-29.42

* 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.


Stadler Rail AG  (OTCPK:SRAIF) 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.


Stadler Rail AG Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Stadler Rail AG's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Stadler Rail AG Business Description

Traded in Other Exchanges
Address
Ernst-Stadler-Strasse 1, Bussnang, CHE, 9565
Stadler Rail AG is a Switzerland based producer of rolling stock and related systems. The company operates in three reportable segments that are Rolling Stock segment which include the manufacturing of various types of rail vehicles. The Service & Components segment offers full service, modernization and revision, spare parts service, and vehicle repairs, including the maintenance and assessment of defects, and Signalling segment develops and distributes various signalling solutions for vehicles and infrastructures. Geographically the company operates in Germany, Austria, Switzerland, Western Europe, Eastern Europe, America, CIS and Rest of the world.

Stadler Rail AG Headlines

From GuruFocus

Stadler Rail AG's Dividend Analysis

By GuruFocus Research 05-24-2024