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Tellus Properties Fundo DE Investimento Imobiliario (BSP:TEPP11) Net-Net Working Capital : R$-8.82 (As of Dec. 2023)


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What is Tellus Properties Fundo DE Investimento Imobiliario 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.

Tellus Properties Fundo DE Investimento Imobiliario's Net-Net Working Capital for the quarter that ended in Dec. 2023 was R$-8.82.

The industry rank for Tellus Properties Fundo DE Investimento Imobiliario's Net-Net Working Capital or its related term are showing as below:

BSP:TEPP11's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 14.61
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Tellus Properties Fundo DE Investimento Imobiliario Net-Net Working Capital Historical Data

The historical data trend for Tellus Properties Fundo DE Investimento Imobiliario'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.

Tellus Properties Fundo DE Investimento Imobiliario Net-Net Working Capital Chart

Tellus Properties Fundo DE Investimento Imobiliario Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
1.66 -7.33 -13.50 -14.86 -8.82

Tellus Properties Fundo DE Investimento Imobiliario Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital 1.66 -7.33 -13.50 -14.86 -8.82

Competitive Comparison of Tellus Properties Fundo DE Investimento Imobiliario's Net-Net Working Capital

For the REIT - Residential subindustry, Tellus Properties Fundo DE Investimento Imobiliario'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.


Tellus Properties Fundo DE Investimento Imobiliario's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tellus Properties Fundo DE Investimento Imobiliario's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Tellus Properties Fundo DE Investimento Imobiliario's Price-to-Net-Net-Working-Capital falls into.



Tellus Properties Fundo DE Investimento Imobiliario Net-Net Working Capital Calculation

Tellus Properties Fundo DE Investimento Imobiliario'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)
=(8.128+0+0.75 * 0+0.5 * 0-45.367
-0-0)/4.22197
=-8.82

Tellus Properties Fundo DE Investimento Imobiliario'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)
=(8.128+0+0.75 * 0+0.5 * 0-45.367
-0-0)/4.22197
=-8.82

* 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.


Tellus Properties Fundo DE Investimento Imobiliario  (BSP:TEPP11) 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.


Tellus Properties Fundo DE Investimento Imobiliario Net-Net Working Capital Related Terms

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Tellus Properties Fundo DE Investimento Imobiliario (BSP:TEPP11) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
R R Iguatemi 151, 19th Floor (Parte), Sao Paulo, SP, BRA, 1451011
Tellus Properties Fundo DE Investimento Imobiliario is a real estate investment trust. It invests real estate funds.

Tellus Properties Fundo DE Investimento Imobiliario (BSP:TEPP11) Headlines

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