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MBSB Bhd (XKLS:1171) Net-Net Working Capital : RM-6.21 (As of Mar. 2024)


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What is MBSB 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.

MBSB Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2024 was RM-6.21.

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

XKLS:1171's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.86
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

MBSB Bhd Net-Net Working Capital Historical Data

The historical data trend for MBSB 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.

MBSB Bhd Net-Net Working Capital Chart

MBSB Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.68 -5.31 -5.56 -5.94 -6.04

MBSB Bhd 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 -6.12 -6.32 -6.46 -6.04 -6.21

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

For the Banks - Regional subindustry, MBSB 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.


MBSB Bhd's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, MBSB Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



MBSB Bhd Net-Net Working Capital Calculation

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

Net-Net Working Capital(A: Dec. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(7179.787+0+0.75 * 0+0.5 * 0-56825.02
-0-0.238)/8222.31
=-6.04

MBSB Bhd'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4627.221+0+0.75 * 0+0.5 * 0-55666.323
-0-0.238)/8222.31
=-6.21

* 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.


MBSB Bhd  (XKLS:1171) 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.


MBSB Bhd Net-Net Working Capital Related Terms

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MBSB Bhd (XKLS:1171) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Level 25, Menara MBSB Bank, Lot 12, Persiaran Barat, Seksyen 52, PJ Sentral, Petaling Jaya, SGR, MYS, 46200
Malaysia Building Society Bhd is a Malaysia-based banking company. The company operates through four major segments: Consumer Banking, which includes consumer financing such as property financing, personal financing and wealth management services with individual customers in Malaysia; Corporate Banking segment includes corporate financing, wholesale financing, contract financing and commercial property financing with business customers; Global Market segment incldues saving accounts, current accounts, term deposits, investment accounts, treasury activities including money market, sukuk, derivatives and trading of capital market securities; and Others.

MBSB Bhd (XKLS:1171) Headlines

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