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Advice IT Infinite PCL (BKK:ADVICE) Net-Net Working Capital : ฿-2.14 (As of Sep. 2023)


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What is Advice IT Infinite PCL 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.

Advice IT Infinite PCL's Net-Net Working Capital for the quarter that ended in Sep. 2023 was ฿-2.14.

The industry rank for Advice IT Infinite PCL's Net-Net Working Capital or its related term are showing as below:

BKK:ADVICE's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 6.81
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Advice IT Infinite PCL Net-Net Working Capital Historical Data

The historical data trend for Advice IT Infinite PCL'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.

Advice IT Infinite PCL Net-Net Working Capital Chart

Advice IT Infinite PCL Annual Data
Trend Dec20 Dec21 Dec22
Net-Net Working Capital
- -2.11 -2.13

Advice IT Infinite PCL Quarterly Data
Dec21 Sep22 Dec22 Sep23
Net-Net Working Capital -2.11 - -2.13 -2.14

Competitive Comparison of Advice IT Infinite PCL's Net-Net Working Capital

For the Electronics & Computer Distribution subindustry, Advice IT Infinite PCL'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.


Advice IT Infinite PCL's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Advice IT Infinite PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Advice IT Infinite PCL's Price-to-Net-Net-Working-Capital falls into.



Advice IT Infinite PCL Net-Net Working Capital Calculation

Advice IT Infinite PCL's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(122.522+0.75 * 284.009+0.5 * 1232.677-2275.47
-0-0)/620.000
=-2.13

Advice IT Infinite PCL's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(140.35+0.75 * 278.261+0.5 * 1349.331-2351.423
-0-0)/620
=-2.14

* 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.


Advice IT Infinite PCL  (BKK:ADVICE) 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.


Advice IT Infinite PCL Net-Net Working Capital Related Terms

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Advice IT Infinite PCL (BKK:ADVICE) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
74/1 Moo 1, Tha It Subdistrict, Pak Kret District, Nonthaburi Province, Nonthaburi, THA
Advice IT Infinite PCL is a retailer and wholesaler of IT products in the Thailand. It operates a business of selling, retail-wholesale products and providing IT services. It sells a variety of IT products ranging from computer assembly (DIY), notebook computers, desktop computers and various peripherals such as monitors, printers, mice, keyboards, network equipment. The company has three segments; Retail; Wholesale and services, out of which Retail Segment derives maximum profit.

Advice IT Infinite PCL (BKK:ADVICE) Headlines

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