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Glostrext Bhd (XKLS:0284) Net-Net Working Capital : RM0.06 (As of Mar. 2023)


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What is Glostrext Bhd 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.

Glostrext Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2023 was RM0.06.

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

XKLS:0284's Price-to-Net-Net-Working-Capital is ranked better than
60.7% of 430 companies
in the Construction industry
Industry Median: 5.5 vs XKLS:0284: 3.92

Glostrext Bhd Net-Net Working Capital Historical Data

The historical data trend for Glostrext Bhd'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.

Glostrext Bhd Net-Net Working Capital Chart

Glostrext Bhd Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
-0.01 -0.01 - 0.06

Glostrext Bhd Semi-Annual Data
Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital -0.01 -0.01 - 0.06

Competitive Comparison of Glostrext Bhd's Net-Net Working Capital

For the Engineering & Construction subindustry, Glostrext Bhd'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.


Glostrext Bhd's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Glostrext Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Glostrext Bhd Net-Net Working Capital Calculation

Glostrext Bhd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(26.705+0.75 * 7.403+0.5 * 3.142-11.166
-0-0)/407.041
=0.06

Glostrext Bhd's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2023 is calculated as

Net-Net Working Capital(Q: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(26.705+0.75 * 7.403+0.5 * 3.142-11.166
-0-0)/407.041
=0.06

* 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.


Glostrext Bhd  (XKLS:0284) 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.


Glostrext Bhd Net-Net Working Capital Related Terms

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Glostrext Bhd (XKLS:0284) Business Description

Traded in Other Exchanges
N/A
Address
No. 11A, Jalan Apollo U5/194, Bandar Pinggiran Subang, Seksyen U5, Shah Alam, SGR, MYS, 40150
Glostrext Bhd is a geotechnical instrumentation service provider, where it provides piling, structural and geotechnical-related services, covering instrumentation, testing and monitoring services to construction projects as well as completed buildings and infrastructure. Its service offerings can be categorized into 2 segments; Provision of pile instrumentation and static load test services to construction projects and Provision of structural and ground instrumentation and monitoring services to construction projects as well as completed buildings and infrastructures. The majority of revenue is derived from pile instrumentation and static load test services.

Glostrext Bhd (XKLS:0284) Headlines

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