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Igis Value Plus REIT (XKRX:334890) Net-Net Working Capital : ₩-2,063.48 (As of May. 2024)


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What is Igis Value Plus REIT 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.

Igis Value Plus REIT's Net-Net Working Capital for the quarter that ended in May. 2024 was ₩-2,063.48.

The industry rank for Igis Value Plus REIT's Net-Net Working Capital or its related term are showing as below:

XKRX:334890's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 14.48
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Igis Value Plus REIT Net-Net Working Capital Historical Data

The historical data trend for Igis Value Plus REIT'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.

Igis Value Plus REIT Net-Net Working Capital Chart

Igis Value Plus REIT Annual Data
Trend Oct19 Aug20 Feb21 Feb22 Feb23 Feb24
Net-Net Working Capital
Get a 7-Day Free Trial 157.34 287.74 -1,414.11 -5,343.32 -2,970.50

Igis Value Plus REIT Semi-Annual Data
Jan20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only -1,442.81 -638.71 -5,615.31 -2,222.29 -2,063.48

Competitive Comparison of Igis Value Plus REIT's Net-Net Working Capital

For the REIT - Office subindustry, Igis Value Plus REIT'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.


Igis Value Plus REIT's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Igis Value Plus REIT's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Igis Value Plus REIT's Price-to-Net-Net-Working-Capital falls into.



Igis Value Plus REIT Net-Net Working Capital Calculation

Igis Value Plus REIT's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Feb. 2024 is calculated as

Net-Net Working Capital(A: Feb. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3461.943+0.75 * 0+0.5 * 0-155907.305
-0-367.721)/51.4435
=-2,970.50

Igis Value Plus REIT's Net-Net Working Capital (NNWC) per share for the quarter that ended in May. 2024 is calculated as

Net-Net Working Capital(Q: May. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4686.927+0.75 * 0+0.5 * 0-110475.002
-0-364.7)/51.4435
=-2,063.48

* 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.


Igis Value Plus REIT  (XKRX:334890) 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.


Igis Value Plus REIT Net-Net Working Capital Related Terms

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Igis Value Plus REIT Business Description

Traded in Other Exchanges
N/A
Address
115, Yeouigongwon-ro, Yeongdeungpo-gu, 14th Floor, Sewoo Building, Seoul, KOR, 07241
Igis Value Plus REIT is a real estate investment company. The investment objective is to grow capital and to generate returns through various strategies based on long-term risk and market cycle analysis.

Igis Value Plus REIT Headlines

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