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Jamco (TSE:7408) Net-Net Working Capital : 円-1,662.32 (As of Dec. 2024)


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What is Jamco 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.

Jamco's Net-Net Working Capital for the quarter that ended in Dec. 2024 was 円-1,662.32.

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

TSE:7408's Price-to-Net-Net-Working-Capital is not ranked *
in the Aerospace & Defense industry.
Industry Median: 15.22
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Jamco Net-Net Working Capital Historical Data

The historical data trend for Jamco'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.

Jamco Net-Net Working Capital Chart

Jamco 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 -1,499.32 -1,447.86 -1,560.58 -1,684.38 -1,472.25

Jamco 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 -1,684.38 - -1,674.48 -1,662.32 -1,472.25

Competitive Comparison of Jamco's Net-Net Working Capital

For the Aerospace & Defense subindustry, Jamco'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.


Jamco's Price-to-Net-Net-Working-Capital Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Jamco's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Jamco Net-Net Working Capital Calculation

Jamco'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)
=(15990.46+0.75 * 19260.221+0.5 * 51363.856-95656.195
-0-0)/26.856
=-1,472.25

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

Net-Net Working Capital(Q: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(15143.84+0.75 * 19948.191+0.5 * 56399.866-102948.073
-0-0)/26.856
=-1,662.32

* 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.


Jamco  (TSE:7408) 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.


Jamco Net-Net Working Capital Related Terms

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Jamco Business Description

Traded in Other Exchanges
N/A
Address
1-100 Takamatsu-cho, Tachikawa, Tokyo, JPN, 190-0011
Jamco Corp is a Japan-based aircraft engine and engine parts company. Its business divisions include Aircraft Interiors Business, Aircraft Seat Business, Aircraft Components Business and Aircraft Maintenance Business. Aircraft Interiors Business mainly engages in the manufacturing and sales of products including galleys and lavatories for passenger aircraft. Aircraft Seat Business primarily engages in manufacturing and sales of products including passenger aircraft seats. Aircraft Components Business engages in manufacturing and sales primarily of heat exchangers, aircraft equipment. Aircraft Maintenance Business conducts operations such as maintenance and alteration of regional jets, medium and small-sized aircrafts and helicopters, as well as repairs of equipment for these aircrafts.

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