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Tune Protect Group Bhd (XKLS:5230) Net-Net Working Capital : RM-0.93 (As of Mar. 2025)


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What is Tune Protect Group 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.

Tune Protect Group Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2025 was RM-0.93.

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

XKLS:5230's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 6.615
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Tune Protect Group Bhd Net-Net Working Capital Historical Data

The historical data trend for Tune Protect Group 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.

Tune Protect Group Bhd Net-Net Working Capital Chart

Tune Protect Group Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.45 -1.26 -1.05 -0.96 -1.01

Tune Protect Group Bhd 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 -1.04 -1.01 -1.00 -1.01 -0.93

Competitive Comparison of Tune Protect Group Bhd's Net-Net Working Capital

For the Insurance - Diversified subindustry, Tune Protect Group 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.


Tune Protect Group Bhd's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

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

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


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Tune Protect Group Bhd Net-Net Working Capital Calculation

Tune Protect Group Bhd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 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)
=(31.986+0+0.75 * 0+0.5 * 0-734.995
-0-54.555)/753.641
=-1.01

Tune Protect Group Bhd's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(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)
=(23.981+0+0.75 * 0+0.5 * 0-666.456
-0-56.04)/753.641
=-0.93

* 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.


Tune Protect Group Bhd  (XKLS:5230) 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.


Tune Protect Group Bhd Net-Net Working Capital Related Terms

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Tune Protect Group Bhd Business Description

Traded in Other Exchanges
N/A
Address
Level 9, Wisma Tune, No. 19 Lorong Dungun, Damansara Heights, Wilayah Persekutuan, Kuala Lumpur, MYS, 50490
Tune Protect Group Bhd is a Malaysian investment holding company that underwrites and reinsures non-life insurance products through its subsidiary companies. The group is organized into five business segments: investment holding, and others, funds managed through collective investment schemes, general reinsurance, general insurance business, and Life insurance business. The company has two general insurance businesses, Tune Insurance Malaysia Berhad, as well as an associate company, Tune Insurance Public Company Limited, located in Thailand. Both offer varieties of products while also underwriting travel businesses in their respective countries. The company generates the majority of its revenue from the General Insurance Business segment.

Tune Protect Group Bhd Headlines

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