GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Klepierre (XPAR:LI) » Definitions » Net-Net Working Capital

Klepierre (XPAR:LI) Net-Net Working Capital : €-42.50 (As of Jun. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Klepierre 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.

Klepierre's Net-Net Working Capital for the quarter that ended in Jun. 2024 was €-42.50.

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

XPAR:LI's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 13.74
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Klepierre Net-Net Working Capital Historical Data

The historical data trend for Klepierre'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.

Klepierre Net-Net Working Capital Chart

Klepierre Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -49.45 -49.63 -44.34 -41.45 -40.68

Klepierre Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -43.59 -41.45 -41.79 -40.68 -42.50

Competitive Comparison of Klepierre's Net-Net Working Capital

For the REIT - Retail subindustry, Klepierre'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.


Klepierre's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

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

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



Klepierre Net-Net Working Capital Calculation

Klepierre'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)
=(358.7+0.75 * 84.4+0.5 * 65.4-10073.2
-0-2002.9)/285.649
=-40.68

Klepierre's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(960.5+0.75 * 58.9+0.5 * 0.3-11167.1
-0-1972.7)/285.533
=-42.50

* 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.


Klepierre  (XPAR:LI) 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.


Klepierre Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Klepierre's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Klepierre Business Description

Industry
Traded in Other Exchanges
Address
26 boulevard des Capucines, CS 20062, Paris, FRA, 75009
Klepierre is a French real estate company with a focus on the European retail property market. The company generates the vast majority of its revenue from the rents received from its shopping centres. The company also operates development, refurbishment, and extension programs in its shopping centres. By geography, maximum of the shopping centres are located in France and Belgium, with the others in Scandinavia, Italy, the Netherlands, Iberia, Germany, and elsewhere. The tenants include large retail companies.