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Kyowa Leather Cloth Co (TSE:3553) Net-Net Working Capital : 円34.25 (As of Mar. 2025)


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What is Kyowa Leather Cloth 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.

Kyowa Leather Cloth Co's Net-Net Working Capital for the quarter that ended in Mar. 2025 was 円34.25.

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

TSE:3553's Price-to-Net-Net-Working-Capital is ranked worse than
79.69% of 581 companies
in the Chemicals industry
Industry Median: 7.75 vs TSE:3553: 22.60

Kyowa Leather Cloth Co Net-Net Working Capital Historical Data

The historical data trend for Kyowa Leather Cloth 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.

Kyowa Leather Cloth Co Net-Net Working Capital Chart

Kyowa Leather Cloth Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.08 31.69 57.46 54.04 34.25

Kyowa Leather Cloth Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 54.04 - 40.09 41.89 34.25

Competitive Comparison of Kyowa Leather Cloth Co's Net-Net Working Capital

For the Chemicals subindustry, Kyowa Leather Cloth 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.


Kyowa Leather Cloth Co's Price-to-Net-Net-Working-Capital Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kyowa Leather Cloth Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Kyowa Leather Cloth Co's Price-to-Net-Net-Working-Capital falls into.


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Kyowa Leather Cloth Co Net-Net Working Capital Calculation

Kyowa Leather Cloth Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2025 is calculated as

Net-Net Working Capital(A: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11133+0.75 * 13815+0.5 * 5130-22073
-0-1170)/23.831
=34.25

Kyowa Leather Cloth Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11133+0.75 * 13815+0.5 * 5130-22073
-0-1170)/23.831
=34.25

* 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.


Kyowa Leather Cloth Co  (TSE:3553) 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.


Kyowa Leather Cloth Co Net-Net Working Capital Related Terms

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Kyowa Leather Cloth Co Business Description

Traded in Other Exchanges
N/A
Address
1876 Higashi-machi, Minami-ku, Shizuoka Prefecture, Hamamatsu, JPN, 430-8510
Kyowa Leather Cloth Co Ltd is a Japan-based chemical manufacturer. The company is mainly engaged in the manufacturing, processing, and sales of various synthetic resin products. It operates in Automotive, Housing and Fashion and lifestyle business divisions. Kyowa offers synthetic leather cover materials for automotive interiors, decorative products like wall covering paper or film, wood paneling for furniture, interior doors and walls, steel laminated decorative film, polyvinyl chloride (PVC) products consisting of handbags, shoes, and accessories.

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