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QTCG PCL (BKK:QTCG) Net-Net Working Capital : ฿-0.79 (As of Dec. 2022)


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What is QTCG 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.

QTCG PCL's Net-Net Working Capital for the quarter that ended in Dec. 2022 was ฿-0.79.

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

BKK:QTCG's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.45
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

QTCG PCL Net-Net Working Capital Historical Data

The historical data trend for QTCG 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.

QTCG PCL Net-Net Working Capital Chart

QTCG PCL Annual Data
Trend Dec22 Dec23
Net-Net Working Capital
-0.79 -0.71

QTCG PCL Quarterly Data
Dec22 Dec23
Net-Net Working Capital -0.79 -0.71

Competitive Comparison of QTCG PCL's Net-Net Working Capital

For the Engineering & Construction subindustry, QTCG 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.


QTCG PCL's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, QTCG PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



QTCG PCL Net-Net Working Capital Calculation

QTCG PCL'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)
=(6.492+0.75 * 110.005+0.5 * 21.563-527.586
-0-1.045)/600
=-0.71

QTCG PCL's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2022 is calculated as

Net-Net Working Capital(Q: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(35.132+0.75 * 140.62+0.5 * 31.272-630.319
-0-1.033)/600.000
=-0.79

* 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.


QTCG PCL  (BKK:QTCG) 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.


QTCG PCL Net-Net Working Capital Related Terms

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QTCG PCL (BKK:QTCG) Business Description

Industry
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 42 Soi Ramkhamhaeng 187, Intersection 2, Minburi Subdistrict, Minburi District, Bangkok, THA, 10510
QTCG PCL is engaged in contracting and installation services for systems engineering. Its services consists of electrical communication systems, air conditioning and ventilation systems. Sanitary system and conducts business related to asset management from purchasing or receiving transfer of debtors from financial institutions, including primary insurance of debtors. The company as two segments Construction segment and asset management segment. Key revenue is generated from Construction segment.

QTCG PCL (BKK:QTCG) Headlines

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