GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tadano Ltd (TSE:6395) » Definitions » Net-Net Working Capital

Tadano (TSE:6395) Net-Net Working Capital : 円1.10 (As of Mar. 2024)


View and export this data going back to 1971. Start your Free Trial

What is Tadano 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.

Tadano's Net-Net Working Capital for the quarter that ended in Mar. 2024 was 円1.10.

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

TSE:6395's Price-to-Net-Net-Working-Capital is ranked worse than
100% of 64 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 7.22 vs TSE:6395: 1025.91

Tadano Net-Net Working Capital Historical Data

The historical data trend for Tadano'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.

Tadano Net-Net Working Capital Chart

Tadano Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 391.54 241.14 -30.46 -17.52 62.21

Tadano 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 -15.55 -8.53 -23.87 34.19 1.10

Competitive Comparison of Tadano's Net-Net Working Capital

For the Farm & Heavy Construction Machinery subindustry, Tadano'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.


Tadano's Price-to-Net-Net-Working-Capital Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tadano's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Tadano Net-Net Working Capital Calculation

Tadano's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2022 is calculated as

Net-Net Working Capital(A: Mar. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(118396+0.75 * 44494+0.5 * 83450-184407
-0-1198)/126.774
=62.21

Tadano'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)
=(93302+0.75 * 32147+0.5 * 140880-187387
-0-326)/126.912
=1.10

* 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.


Tadano  (TSE:6395) 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.


Tadano Net-Net Working Capital Related Terms

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


Tadano (TSE:6395) Business Description

Traded in Other Exchanges
Address
34 Kou, Nittacho, Kagawa Prefecture, Takamatsu City, JPN, 761-0185
Tadano Ltd manufactures cranes, aerial work platforms, and other components. Mobile cranes account for majority of sales, but the company has diversified into truck cranes, loader cranes, and other special purpose vehicles. Its equipment is built for various terrains with multiple steering and acceleration controls. Tadano has three reportable segments: Japan (majority of total revenue), Europe, and Americas. Its research and development division looks to utilize innovative and cutting-edge technologies for both domestic and overseas markets. The company offers used equipment and various cylinders to help meet urgent demand. A wide range of experienced and trained technicians help customize components for the operating machines.

Tadano (TSE:6395) Headlines

No Headlines