YMAIF (Yoma Strategic Holdings) Net-Net Working Capital: $-0.21 (As of Sep. 2024)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Yoma Strategic Holdings Net-Net Working Capital?

Yoma Strategic Holdings YMAIF Net-Net Working Capital is $-0.21 as of Sep. 2024.

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.

Yoma Strategic Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2024 was $-0.21.

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

YMAIF's Price-to-Net-Net-Working-Capital is not ranked *
in the Conglomerates industry.
Industry Median: 5.91
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Yoma Strategic Holdings  (OTCPK:YMAIF) 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.


Yoma Strategic Holdings Net-Net Working Capital Related Terms


Yoma Strategic Holdings Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Yoma Strategic 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.

Yoma Strategic Holdings Net-Net Working Capital Chart

Yoma Strategic Holdings Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Sep21 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.14 -0.22 0.00 -0.24 -0.26

Yoma Strategic Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Mar21 Sep21 Mar22 Mar23 Sep23 Mar24 Sep24
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 -0.22 -0.22 -0.26 -0.21

YMAIF vs HON, MMM: Net-Net Working Capital Comparison

For the Conglomerates subindustry, Yoma Strategic 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.


Yoma Strategic Holdings Price-to-Net-Net-Working-Capital vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Yoma Strategic Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Yoma Strategic Holdings Net-Net Working Capital Calculation

Yoma Strategic Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(123.788+0.75 * 6.052+0.5 * 171.616-480.986
-0-307.97)/2244.327
=-0.26

Yoma Strategic Holdings'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)
=(99.403+0.75 * 100.596+0.5 * 147.82-481.654
-0-278.942)/2386.838
=-0.21

* 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.

What does a Net-Net Working Capital of $-0.21 mean?
Yoma Strategic Holdings (YMAIF) has a Net-Net Working Capital of $-0.21 as of Sep. 2024. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Yoma Strategic Holdings
Is Yoma Strategic Holdings' Net-Net Working Capital too high?
Yoma Strategic Holdings' current Net-Net Working Capital is $-0.21.
How does Yoma Strategic Holdings' Net-Net Working Capital compare to HON and MMM?
Yoma Strategic Holdings' Net-Net Working Capital of $-0.21 can be compared against companies in the Conglomerates industry. The industry median Net-Net Working Capital is 5.91. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Conglomerates company?
The median Net-Net Working Capital among Conglomerates companies is 5.91, based on 113 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Yoma Strategic Holdings For the Conglomerates industry, the median Net-Net Working Capital is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yoma Strategic Holdings's current Net-Net Working Capital is $-0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yoma Strategic Holdings stock overvalued right now?
Yoma Strategic Holdings (YMAIF) has a current Net-Net Working Capital of $-0.21. The current Net-Net Working Capital is $-0.21. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Yoma Strategic Holdings (YMAIF), the current Net-Net Working Capital is $-0.21 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Yoma Strategic Holdings Business Description

Address 63 Mohamed Sultan Road, No. 02-14, Sultan-Link, Singapore, SGP, 239002
Yoma Strategic Holdings Ltd is an investment holding company. The company's operating segment includes the Yoma land development segment, Yoma Central segment, Yoma land services segment, Yoma motors segment, leasing segment, mobile financial services, food and beverages segment, investments segment, and others. The Yoma land development segment is in the business of property development and the sale of land development rights and development properties. The company generates maximum revenue from the Yoma land development segment. Geographically, it derives a majority of its revenue from Myanmar.