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PT FKS Multi Agro Tbk (ISX:FISH) Net-Net Working Capital : Rp-3,145.98 (As of Mar. 2024)


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What is PT FKS Multi Agro Tbk 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.

PT FKS Multi Agro Tbk's Net-Net Working Capital for the quarter that ended in Mar. 2024 was Rp-3,145.98.

The industry rank for PT FKS Multi Agro Tbk's Net-Net Working Capital or its related term are showing as below:

ISX:FISH's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 7.255
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

PT FKS Multi Agro Tbk Net-Net Working Capital Historical Data

The historical data trend for PT FKS Multi Agro Tbk'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.

PT FKS Multi Agro Tbk Net-Net Working Capital Chart

PT FKS Multi Agro Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3,988.93 -3,670.46 -5,100.51 -3,028.48 -3,617.92

PT FKS Multi Agro Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -3,633.46 -3,826.42 -3,799.14 -3,617.92 -3,145.98

Competitive Comparison of PT FKS Multi Agro Tbk's Net-Net Working Capital

For the Farm Products subindustry, PT FKS Multi Agro Tbk'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.


PT FKS Multi Agro Tbk's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT FKS Multi Agro Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where PT FKS Multi Agro Tbk's Price-to-Net-Net-Working-Capital falls into.



PT FKS Multi Agro Tbk Net-Net Working Capital Calculation

PT FKS Multi Agro Tbk'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)
=(976633.98+0.75 * 1357100.683+0.5 * 2415300.681-4812580.067
-0-126133.654)/480
=-3,617.92

PT FKS Multi Agro Tbk's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(770938.387+0.75 * 1528017.796+0.5 * 2088219.561-4346030.459
-0-125100.782)/480
=-3,145.98

* 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.


PT FKS Multi Agro Tbk  (ISX:FISH) 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.


PT FKS Multi Agro Tbk Net-Net Working Capital Related Terms

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PT FKS Multi Agro Tbk (ISX:FISH) Business Description

Traded in Other Exchanges
N/A
Address
Jl. Jend. Sudirman Kav. 5-6, Menara Astra, 28th Floor, Jakarta Pusat, Jakarta, IDN, 10220
PT FKS Multi Agro Tbk is an Indonesia-based company engaged in the distribution and trading of grains, oilseeds, and feed ingredients. It supplies oilseed meals, animal protein meals, and co-products of grain milling for the animal feed industry. The company deals with food products such as rice, soybean and cooking oil. In addition, the company also provides a logistic solution for the importation and distribution of dry bulk commodities. The group's business activities are classified into three business segments consisting of Trading and distribution, Manufacturing and logistics, of which the majority of the revenue is derived from the Trading and distribution segment. The organization generates key revenue from Indonesia.

PT FKS Multi Agro Tbk (ISX:FISH) Headlines

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