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Higashinihon Jisho Co (TSE:139A) Net-Net Working Capital : 円230.79 (As of Aug. 2022)


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What is Higashinihon Jisho Co 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.

Higashinihon Jisho Co's Net-Net Working Capital for the quarter that ended in Aug. 2022 was 円230.79.

The industry rank for Higashinihon Jisho Co's Net-Net Working Capital or its related term are showing as below:

TSE:139A's Price-to-Net-Net-Working-Capital is not ranked
in the Real Estate industry.
Industry Median: 4.29 vs TSE:139A: 9.51

Higashinihon Jisho Co Net-Net Working Capital Historical Data

The historical data trend for Higashinihon Jisho Co'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.

Higashinihon Jisho Co Net-Net Working Capital Chart

Higashinihon Jisho Co Annual Data
Trend Aug22 Aug23
Net-Net Working Capital
230.79 352.31

Higashinihon Jisho Co Quarterly Data
Aug22 Aug23
Net-Net Working Capital 230.79 352.31

Competitive Comparison of Higashinihon Jisho Co's Net-Net Working Capital

For the Real Estate Services subindustry, Higashinihon Jisho Co'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.


Higashinihon Jisho Co's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Higashinihon Jisho Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Higashinihon Jisho Co's Price-to-Net-Net-Working-Capital falls into.



Higashinihon Jisho Co Net-Net Working Capital Calculation

Higashinihon Jisho Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Aug. 2023 is calculated as

Net-Net Working Capital(A: Aug. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(950.029+0.75 * 125.29+0.5 * 342.979-1039.331
-0-0)/0.5
=352.31

Higashinihon Jisho Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Aug. 2022 is calculated as

Net-Net Working Capital(Q: Aug. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(859.64+0.75 * 98.381+0.5 * 189.061-912.56
-0-0)/0.500
=230.79

* 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.


Higashinihon Jisho Co  (TSE:139A) 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.


Higashinihon Jisho Co Net-Net Working Capital Related Terms

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Higashinihon Jisho Co (TSE:139A) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
7-2 Shintoshin, Chuo-ku, Saitama, Saitama-shi, JPN, 330-0081
Higashinihon Jisho Co Ltd is engaged in construction business for detached rental house, Transaction business of real estate (brokerage or purchase and sales), etc.

Higashinihon Jisho Co (TSE:139A) Headlines

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