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Dongkuk Steel Mill Co spin off (XKRX:460860) Net-Net Working Capital : ₩-12,865.24 (As of Sep. 2024)


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What is Dongkuk Steel Mill Co spin off 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.

Dongkuk Steel Mill Co spin off's Net-Net Working Capital for the quarter that ended in Sep. 2024 was ₩-12,865.24.

The industry rank for Dongkuk Steel Mill Co spin off's Net-Net Working Capital or its related term are showing as below:

XKRX:460860's Price-to-Net-Net-Working-Capital is not ranked *
in the Steel industry.
Industry Median: 5.305
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Dongkuk Steel Mill Co spin off Net-Net Working Capital Historical Data

The historical data trend for Dongkuk Steel Mill Co spin off'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.

Dongkuk Steel Mill Co spin off Net-Net Working Capital Chart

Dongkuk Steel Mill Co spin off Annual Data
Trend Dec23
Net-Net Working Capital
-15,497.44

Dongkuk Steel Mill Co spin off Quarterly Data
Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net-Net Working Capital Get a 7-Day Free Trial -17,112.77 -15,497.44 -15,243.81 -13,372.87 -12,865.24

Competitive Comparison of Dongkuk Steel Mill Co spin off's Net-Net Working Capital

For the Steel subindustry, Dongkuk Steel Mill Co spin off'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.


Dongkuk Steel Mill Co spin off's Price-to-Net-Net-Working-Capital Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Dongkuk Steel Mill Co spin off's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Dongkuk Steel Mill Co spin off's Price-to-Net-Net-Working-Capital falls into.



Dongkuk Steel Mill Co spin off Net-Net Working Capital Calculation

Dongkuk Steel Mill Co spin off'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(434773.398+0.75 * 411275.503+0.5 * 598596.052-1810426.229
-0-0)/49.55
=-15,497.44

Dongkuk Steel Mill Co spin off's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as

Net-Net Working Capital(Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(458845.07+0.75 * 333744.306+0.5 * 504003.444-1598627.572
-0-0)/49.55
=-12,865.24

* 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.


Dongkuk Steel Mill Co spin off  (XKRX:460860) 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.


Dongkuk Steel Mill Co spin off Net-Net Working Capital Related Terms

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Dongkuk Steel Mill Co spin off Business Description

Traded in Other Exchanges
N/A
Address
19 Eulji-ro 5-gil, Ferrum Tower, Jung-gu, Seoul, KOR
Dongkuk Steel Mill Co Ltd spin off is a Korean steel company that engages in manufacturing steel products. It produces high-strength and ultra-high-strength reinforcing bars of various standards. It offers H-beams, angles, Reinforcing Bar, Seismic Resistant Bar, and channels, Threaded Bar, and steel plates.

Dongkuk Steel Mill Co spin off Headlines

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