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Zimre Holdings (XZIM:ZIMR.ZW) Net-Net Working Capital : ZWL-246.87 (As of Dec. 2023)


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What is Zimre Holdings 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.

Zimre Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was ZWL-246.87.

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

XZIM:ZIMR.ZW's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 4.64
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Zimre Holdings Net-Net Working Capital Historical Data

The historical data trend for Zimre Holdings'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.

Zimre Holdings Net-Net Working Capital Chart

Zimre Holdings Annual Data
Trend Dec08 Dec09 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -0.65 -4.35 -17.16 -26.94 -246.87

Zimre Holdings Semi-Annual Data
Dec09 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -17.16 -16.80 -26.94 -291.69 -246.87

Competitive Comparison of Zimre Holdings's Net-Net Working Capital

For the Insurance - Reinsurance subindustry, Zimre Holdings'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.


Zimre Holdings's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zimre Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Zimre Holdings Net-Net Working Capital Calculation

Zimre Holdings'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(70717.345+46767.828+0.75 * 131953.421+0.5 * 0-557161.565
-0-108161.344)/1818.219
=-246.87

Zimre Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(70717.345+46767.828+0.75 * 131953.421+0.5 * 0-557161.565
-0-108161.344)/1818.219
=-246.87

* 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.


Zimre Holdings  (XZIM:ZIMR.ZW) 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.


Zimre Holdings Net-Net Working Capital Related Terms

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Zimre Holdings (XZIM:ZIMR.ZW) Business Description

Traded in Other Exchanges
N/A
Address
Smatsatsa Office Park, 2nd Floor, D Block, P.O. Box 4839, Borrowdale, Stand Number 10667, Harare, ZWE
Zimre Holdings Ltd is a Zimbabwe-based investment holding company. The firm operates its business activities in five segments. The Reinsurance segment offers short-term reinsurance products and services to general insurance companies locally, regionally and internationally. The Life reassurance segment offers its services to life assurance companies and medical aid societies locally and regionally. The Property segment is engaged in leasing, developing, managing, selling and buying properties. General insurance offers short-term insurance products and services directly to policyholders locally. Life and Pension segment. The Reinsurance segment contributes to the majority of the company's revenue. Zimre has operations in Botswana, Malawi, Mozambique, South Africa, Zambia and Zimbabwe.

Zimre Holdings (XZIM:ZIMR.ZW) Headlines

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