GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nihon Kagaku Sangyo Co Ltd (TSE:4094) » Definitions » Net-Net Working Capital

Nihon Kagakungyo Co (TSE:4094) Net-Net Working Capital : 円819.54 (As of Sep. 2024)


View and export this data going back to 1961. Start your Free Trial

What is Nihon Kagakungyo 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.

Nihon Kagakungyo Co's Net-Net Working Capital for the quarter that ended in Sep. 2024 was 円819.54.

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

TSE:4094's Price-to-Net-Net-Working-Capital is ranked better than
83.62% of 574 companies
in the Chemicals industry
Industry Median: 7.785 vs TSE:4094: 2.40

Nihon Kagakungyo Co Net-Net Working Capital Historical Data

The historical data trend for Nihon Kagakungyo 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.

Nihon Kagakungyo Co Net-Net Working Capital Chart

Nihon Kagakungyo Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 773.83 800.68 887.15 992.02 1,033.78

Nihon Kagakungyo Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 1,002.94 1,015.13 1,011.32 1,033.78 819.54

Competitive Comparison of Nihon Kagakungyo Co's Net-Net Working Capital

For the Specialty Chemicals subindustry, Nihon Kagakungyo 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.


Nihon Kagakungyo Co's Price-to-Net-Net-Working-Capital Distribution in the Chemicals Industry

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

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


;
;

Nihon Kagakungyo Co Net-Net Working Capital Calculation

Nihon Kagakungyo Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(19687.27+0.75 * 7109.292+0.5 * 4697.812-7267.26
-0-0)/19.444
=1,033.78

Nihon Kagakungyo Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as

Net-Net Working Capital(Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(15541.119+0.75 * 6894.381+0.5 * 4958.492-7242.054
-0-0)/19.461
=819.54

* 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.


Nihon Kagakungyo Co  (TSE:4094) 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.


Nihon Kagakungyo Co Net-Net Working Capital Related Terms

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


Nihon Kagakungyo Co Business Description

Traded in Other Exchanges
N/A
Address
4-8-1 Higashi Ueno, Tixtower Ueno (Reception 5th Floor, Taito-ku, Tokyo, JPN, 110-0015
Nihon Kagaku Sangyo Co Ltd is a Japan-based chemical manufacturer. Its business activities are divided into two divisions including Chemical business which is engaged in production and sales of organic and inorganic industrial chemicals. And Building Materials business which offers metal products. Its chemical product offerings include copper compounds, tin compounds, nickel compounds, cobalt compounds, metallic soaps, among others. The building materials division offers products including plancier air vent, nent roof, finish hardware, mail post, approach stainless steel, handrails, heat exchanger, metal eaves fascia and cold rolling forming hardware.

Nihon Kagakungyo Co Headlines

No Headlines