GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Activia Properties Inc (TSE:3279) » Definitions » Net-Net Working Capital

Activia Properties (TSE:3279) Net-Net Working Capital : 円-346,338.28 (As of May. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Activia Properties 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.

Activia Properties's Net-Net Working Capital for the quarter that ended in May. 2024 was 円-346,338.28.

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

TSE:3279's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 13.74
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Activia Properties Net-Net Working Capital Historical Data

The historical data trend for Activia Properties'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.

Activia Properties Net-Net Working Capital Chart

Activia Properties 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 -318,987.22 -330,727.12 -329,225.90 -329,037.49 -336,966.85

Activia Properties Semi-Annual Data
Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
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 -337,214.34 -329,037.49 -340,735.55 -336,966.85 -346,338.28

Competitive Comparison of Activia Properties's Net-Net Working Capital

For the REIT - Diversified subindustry, Activia Properties'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.


Activia Properties's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Activia Properties's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Activia Properties Net-Net Working Capital Calculation

Activia Properties'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)
=(21367.77+0.75 * 889.327+0.5 * 0-294118.652
-0-0)/0.80745
=-336,966.85

Activia Properties's Net-Net Working Capital (NNWC) per share for the quarter that ended in May. 2024 is calculated as

Net-Net Working Capital(Q: May. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(18331.673+0.75 * 880.497+0.5 * 0-293330.064
-0-0)/0.79211
=-346,338.28

* 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.


Activia Properties  (TSE:3279) 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.


Activia Properties Net-Net Working Capital Related Terms

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


Activia Properties Business Description

Traded in Other Exchanges
N/A
Address
1-21-1 Dogenzaka, Shibuya-ku, Tokyo, JPN, 150-0043
Activia Properties Inc, or API, is a Japanese real estate investment trust principally involved in the ownership of properties in the Greater Tokyo area. Most of these properties are either urban retail units near major train stations, corporate office properties, or other popular areas in Tokyo. API derives the vast majority of its income in the form of rental revenue from its real estate holdings. Its urban retail properties encompass the larger overall share of these holdings. The company's major tenants include the Tokyu Land Corporation, a Japanese railway operator. Tokyu Land Corp is also the controlling shareholder of the firm that works with Activia through an asset management agreement, TLC Activia Investment Management Inc.

Activia Properties Headlines

No Headlines