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Prolintas Infra Business Trust (XKLS:5320) Net-Net Working Capital : RM-2.28 (As of Mar. 2025)


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What is Prolintas Infra Business Trust 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.

Prolintas Infra Business Trust's Net-Net Working Capital for the quarter that ended in Mar. 2025 was RM-2.28.

The industry rank for Prolintas Infra Business Trust's Net-Net Working Capital or its related term are showing as below:

XKLS:5320's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.555
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Prolintas Infra Business Trust Net-Net Working Capital Historical Data

The historical data trend for Prolintas Infra Business Trust'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.

Prolintas Infra Business Trust Net-Net Working Capital Chart

Prolintas Infra Business Trust Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
-2.47 -2.39 -2.30 -2.31 -2.30

Prolintas Infra Business Trust Quarterly Data
Dec20 Dec21 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 -2.28 -2.27 -2.28 -2.30 -2.28

Competitive Comparison of Prolintas Infra Business Trust's Net-Net Working Capital

For the Infrastructure Operations subindustry, Prolintas Infra Business Trust'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.


Prolintas Infra Business Trust's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Prolintas Infra Business Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Prolintas Infra Business Trust's Price-to-Net-Net-Working-Capital falls into.


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Prolintas Infra Business Trust Net-Net Working Capital Calculation

Prolintas Infra Business Trust'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(485.256+0.75 * 14.967+0.5 * 0-3021.784
-0-0)/1100.000
=-2.30

Prolintas Infra Business Trust'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(492.087+0.75 * 55.72+0.5 * 0-3036.702
-0-0)/1100.000
=-2.28

* 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.


Prolintas Infra Business Trust  (XKLS:5320) 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.


Prolintas Infra Business Trust Net-Net Working Capital Related Terms

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Prolintas Infra Business Trust Business Description

Traded in Other Exchanges
N/A
Address
201-A, Jalan Tun Razak, 12th Floor, Menara PNB, Wilayah Persekutuan, Kuala Lumpur, MYS, 50400
Prolintas Infra Business Trust, through its subsidiaries, is predominantly involved in the toll collection, construction, operation, and maintenance of the Highways. Its objective is to deliver stable and sustainable distributions to its unitholders by optimising the cash flows generated from its portfolio of matured highway assets. The trust group manages several highways in Malaysia, including Ampang-Kuala Lumpur Elevated Highway (AKLEH), Guthrie Corridor Expressway (GCE), Lebuhraya Kemuning-Shah Alam (LKSA), and Sistem Lingkaran Lebuhraya Kajang (SILK). In addition, it develops and provides ancillary facilities that complement the highways' operations to enhance the experience and convenience of road users.

Prolintas Infra Business Trust Headlines

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