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C.S.Lumber Co (TSE:7808) Net-Net Working Capital : 円-2,354.88 (As of Feb. 2024)


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What is C.S.Lumber 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.

C.S.Lumber Co's Net-Net Working Capital for the quarter that ended in Feb. 2024 was 円-2,354.88.

The industry rank for C.S.Lumber Co's Net-Net Working Capital or its related term are showing as below:

TSE:7808's Price-to-Net-Net-Working-Capital is not ranked *
in the Forest Products industry.
Industry Median: 5.215
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

C.S.Lumber Co Net-Net Working Capital Historical Data

The historical data trend for C.S.Lumber 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.

C.S.Lumber Co Net-Net Working Capital Chart

C.S.Lumber Co Annual Data
Trend Nov15 Nov16 Nov17 Nov18 May20 May21 May22 May23
Net-Net Working Capital
Get a 7-Day Free Trial -3,191.44 -3,571.61 -3,671.24 -2,767.76 -2,469.11

C.S.Lumber Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 -1,988.80 -2,469.11 -2,511.89 -2,357.29 -2,354.88

Competitive Comparison of C.S.Lumber Co's Net-Net Working Capital

For the Lumber & Wood Production subindustry, C.S.Lumber 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.


C.S.Lumber Co's Price-to-Net-Net-Working-Capital Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, C.S.Lumber Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where C.S.Lumber Co's Price-to-Net-Net-Working-Capital falls into.



C.S.Lumber Co Net-Net Working Capital Calculation

C.S.Lumber Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in May. 2023 is calculated as

Net-Net Working Capital(A: May. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5425.384+0.75 * 3488.617+0.5 * 1516.669-13367.684
-0-0)/1.84986
=-2,469.11

C.S.Lumber Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Feb. 2024 is calculated as

Net-Net Working Capital(Q: Feb. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5091.563+0.75 * 3389.912+0.5 * 1531.98-12755.966
-0-0)/1.84977
=-2,354.88

* 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.


C.S.Lumber Co  (TSE:7808) 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.


C.S.Lumber Co Net-Net Working Capital Related Terms

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C.S.Lumber Co (TSE:7808) Business Description

Traded in Other Exchanges
N/A
Address
1-16-3 Makuhari-Hongo, Hanamigawa-ku, Chiba, JPN, 262-0033
C.S.Lumber Co Inc is a Japan-based company, engages in the pre-cutting and sale of a wood business. It is engaged in the computer-aided design, pre-cut processing, and distribution of lumbers, design of two-by-four method, as well as the manufacture and distribution of panels. It is also engaged in the construction contracting of wooden detached houses and wooden general buildings as well as Real Estate Leasing business.

C.S.Lumber Co (TSE:7808) Headlines

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