GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » 4Cs HD Co Ltd (TSE:3726) » Definitions » Net-Net Working Capital

4Cs HD Co (TSE:3726) Net-Net Working Capital : 円-30.96 (As of Mar. 2024)


View and export this data going back to 2003. Start your Free Trial

What is 4Cs HD 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.

4Cs HD Co's Net-Net Working Capital for the quarter that ended in Mar. 2024 was 円-30.96.

The industry rank for 4Cs HD Co's Net-Net Working Capital or its related term are showing as below:

TSE:3726's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Cyclical industry.
Industry Median: 5.455
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

4Cs HD Co Net-Net Working Capital Historical Data

The historical data trend for 4Cs HD 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.

4Cs HD Co Net-Net Working Capital Chart

4Cs HD Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.76 4.75 -8.00 -9.74 -27.16

4Cs HD Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -10.12 -14.77 -27.16 -27.99 -30.96

Competitive Comparison of 4Cs HD Co's Net-Net Working Capital

For the Internet Retail subindustry, 4Cs HD 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.


4Cs HD Co's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, 4Cs HD Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where 4Cs HD Co's Price-to-Net-Net-Working-Capital falls into.



4Cs HD Co Net-Net Working Capital Calculation

4Cs HD Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2023 is calculated as

Net-Net Working Capital(A: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(539.51+0.75 * 193.914+0.5 * 442.369-1125.221
-0-0)/8.0678
=-27.16

4Cs HD Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(449.784+0.75 * 163.781+0.5 * 407.762-1026.321
-0-0)/8.06815
=-30.96

* 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.


4Cs HD Co  (TSE:3726) 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.


4Cs HD Co Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of 4Cs HD Co's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


4Cs HD Co Business Description

Traded in Other Exchanges
N/A
Address
1-1-1 Yakuin, Chuo-ku, Yakuin Business Garden 8th floor, Fukuoka, JPN, 810-0002
4Cs HD Co Ltd is a Japan-based company mainly engaged in the online sale of basic cosmetic products, base and makeup products and healthy food products. Products offered by the company include water cleasing gel. foaming net, natural soap, Hadarifuto essence oil, beauty lotion, aging care cream, whitening cream, face mask, foundation, face powder, mascara, body cream, lip cream, hand cream, and supplements. It sells skin care products under the name NANO ACQUA & base makeup products under the name ACQUA FAIRY, and health food products under brand BE ACQUA.

4Cs HD Co Headlines

No Headlines