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PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Net-Net Working Capital : Rp4.29 (As of Mar. 2024)


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What is PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk's Net-Net Working Capital for the quarter that ended in Mar. 2024 was Rp4.29.

The industry rank for PT Mandiri Herindo Adiperkasa Tbk's Net-Net Working Capital or its related term are showing as below:

ISX:MAHA's Price-to-Net-Net-Working-Capital is ranked worse than
91.35% of 208 companies
in the Transportation industry
Industry Median: 5.395 vs ISX:MAHA: 51.75

PT Mandiri Herindo Adiperkasa Tbk Net-Net Working Capital Historical Data

The historical data trend for PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk Net-Net Working Capital Chart

PT Mandiri Herindo Adiperkasa Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
-4.81 -4.84 -3.35 3.27

PT Mandiri Herindo Adiperkasa Tbk Quarterly Data
Dec20 Dec21 Mar22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only -3.35 -13.60 5.83 3.27 4.29

Competitive Comparison of PT Mandiri Herindo Adiperkasa Tbk's Net-Net Working Capital

For the Trucking subindustry, PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk's Price-to-Net-Net-Working-Capital Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Mandiri Herindo Adiperkasa Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where PT Mandiri Herindo Adiperkasa Tbk's Price-to-Net-Net-Working-Capital falls into.



PT Mandiri Herindo Adiperkasa Tbk Net-Net Working Capital Calculation

PT Mandiri Herindo Adiperkasa 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)
=(537610.744+0.75 * 325908.184+0.5 * 70389.926-746424.614
-0-16234.992)/16666
=3.27

PT Mandiri Herindo Adiperkasa 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)
=(470738.625+0.75 * 376947.797+0.5 * 81639.285-707519.668
-0-15198.995)/16666
=4.29

* 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 Mandiri Herindo Adiperkasa Tbk  (ISX:MAHA) 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 Mandiri Herindo Adiperkasa Tbk Net-Net Working Capital Related Terms

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PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Business Description

Traded in Other Exchanges
N/A
Address
Senopati Raya No. 8B, Office 8, Floor 31, SCBD Lot 28, Jakarta, IDN, 12190
PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. Mandiri Services strives to provide safe, efficient, and effective mining services. Its focus is to provide prosperity and energy to the people of Indonesia through consistent and sustainable innovation toward a better future. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers and dump trucks with variations in payload capacity and equipment specifications according to the needs of the employer.

PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Headlines

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