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Yokohama Wright Industries Co (TSE:1452) Net-Net Working Capital : 円4,030.54 (As of Aug. 2023)


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What is Yokohama Wright Industries 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.

Yokohama Wright Industries Co's Net-Net Working Capital for the quarter that ended in Aug. 2023 was 円4,030.54.

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

TSE:1452's Price-to-Net-Net-Working-Capital is not ranked
in the Construction industry.
Industry Median: 5.45 vs TSE:1452: 4.60

Yokohama Wright Industries Co Net-Net Working Capital Historical Data

The historical data trend for Yokohama Wright Industries 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.

Yokohama Wright Industries Co Net-Net Working Capital Chart

Yokohama Wright Industries Co Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Net-Net Working Capital
Get a 7-Day Free Trial -3,497.94 372.14 1,948.76 2,582.76 2,132.20

Yokohama Wright Industries Co Semi-Annual Data
Feb18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -1,442.25 2,582.76 3,524.53 2,132.20 4,030.54

Competitive Comparison of Yokohama Wright Industries Co's Net-Net Working Capital

For the Engineering & Construction subindustry, Yokohama Wright Industries 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.


Yokohama Wright Industries Co's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Yokohama Wright Industries Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Yokohama Wright Industries Co's Price-to-Net-Net-Working-Capital falls into.



Yokohama Wright Industries Co Net-Net Working Capital Calculation

Yokohama Wright Industries Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Feb. 2023 is calculated as

Net-Net Working Capital(A: Feb. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(479.483+0.75 * 546.259+0.5 * 0-788.324
-0-0)/0.0473
=2,132.20

Yokohama Wright Industries Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Aug. 2023 is calculated as

Net-Net Working Capital(Q: Aug. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(585.095+0.75 * 286.742+0.5 * 0-609.507
-0-0)/0.0473
=4,030.54

* 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.


Yokohama Wright Industries Co  (TSE:1452) 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.


Yokohama Wright Industries Co Net-Net Working Capital Related Terms

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Yokohama Wright Industries Co (TSE:1452) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
870 Imaicho, Hodogaya-ku, Yokohama, Kanagawa Prefecture, Tokyo, JPN, 240-0035
YOKOHAMA WRIGHT Industries Co Ltd is engaged in providing engineering and construction services. The company's services include existing pile removal work, demolition and civil engineering set, underground obstacle removal work, mega solar business, among others.

Yokohama Wright Industries Co (TSE:1452) Headlines

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