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Mewah International (SGX:MV4) Net-Net Working Capital : S$-0.11 (As of Dec. 2023)


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What is Mewah International 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.

Mewah International's Net-Net Working Capital for the quarter that ended in Dec. 2023 was S$-0.11.

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

SGX:MV4's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 7.35
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Mewah International Net-Net Working Capital Historical Data

The historical data trend for Mewah International'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.

Mewah International Net-Net Working Capital Chart

Mewah International 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 -0.29 -0.21 -0.20 -0.19 -0.11

Mewah International Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -0.20 -0.36 -0.19 -0.10 -0.11

Competitive Comparison of Mewah International's Net-Net Working Capital

For the Packaged Foods subindustry, Mewah International'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.


Mewah International's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mewah International's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Mewah International Net-Net Working Capital Calculation

Mewah International'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)
=(175.733+0.75 * 405.446+0.5 * 580.752-936.604
-0-3.605)/1500.67
=-0.11

Mewah International'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(175.733+0.75 * 405.446+0.5 * 580.752-936.604
-0-3.605)/1500.67
=-0.11

* 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.


Mewah International  (SGX:MV4) 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.


Mewah International Net-Net Working Capital Related Terms

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Mewah International (SGX:MV4) Business Description

Traded in Other Exchanges
N/A
Address
5 International Business Park, No. 05-00, Mewah Building, Singapore, SGP, 609914
Mewah International Inc is an investment holding company. It operates in two segments: The Bulk segment, which generates the majority of the revenue, and the Consumer pack. The Bulk segment manufactures and sells edible oils and specialty fats & oils. The consumer pack segment manufactures and sells edible oils and bakery fats, and rice to consumers in packaged form. Its geographical segments are Malaysia, Singapore, the Rest of Asia, Africa, the Middle East, Europe, Pacific Oceania, and America, Out of which the majority is from Malaysia.

Mewah International (SGX:MV4) Headlines

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