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Harn Len Bhd (XKLS:7501) Net-Net Working Capital : RM-0.20 (As of Feb. 2025)


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What is Harn Len 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.

Harn Len Bhd's Net-Net Working Capital for the quarter that ended in Feb. 2025 was RM-0.20.

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

XKLS:7501's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 6.945
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Harn Len Bhd Net-Net Working Capital Historical Data

The historical data trend for Harn Len 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.

Harn Len Bhd Net-Net Working Capital Chart

Harn Len Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 May23 May24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.60 -0.23 -0.17 -0.15 -0.18

Harn Len Bhd Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 -0.19 -0.18 -0.16 -0.15 -0.20

Competitive Comparison of Harn Len Bhd's Net-Net Working Capital

For the Farm Products subindustry, Harn Len 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.


Harn Len Bhd's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Harn Len Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Harn Len Bhd Net-Net Working Capital Calculation

Harn Len Bhd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in May. 2024 is calculated as

Net-Net Working Capital(A: May. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11.887+0.75 * 3.583+0.5 * 8.088-142.801
-0--21.74)/563.573
=-0.18

Harn Len Bhd's Net-Net Working Capital (NNWC) per share for the quarter that ended in Feb. 2025 is calculated as

Net-Net Working Capital(Q: Feb. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(39.666+0.75 * 11.301+0.5 * 13.491-196.336
-0--21.352)/610.701
=-0.20

* 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.


Harn Len Bhd  (XKLS:7501) 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.


Harn Len Bhd Net-Net Working Capital Related Terms

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Harn Len Bhd Business Description

Traded in Other Exchanges
N/A
Address
15 Jalan Gereja, 6th Floor, Johor Tower, Johor Bahru, JHR, MYS, 80100
Harn Len Corp Bhd is involved in the operation of oil palm plantations and oil milling operations. The operating segments of the company are; Plantation, and Property and Others. A majority of its revenue is generated from the Plantation segment which is engaged in the operation of oil palm estates, oil palm mills, sales and purchases of Fresh Fruit Bunches (FFB), cultivation of pineapples, sales and trading of Crude Palm Oil (CPO) and Palm Kernels (PK), and the provision of plantation development contract services. The Property and Others segment is involved in property investment in land, commercial and industrial buildings. Other business includes the operation of a food and beverage outlet.

Harn Len Bhd Headlines

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