GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Tat Seng Packaging Group Ltd (SGX:T12) » Definitions » Net-Net Working Capital

Tat Seng Packaging Group (SGX:T12) Net-Net Working Capital : S$0.13 (As of Dec. 2023)


View and export this data going back to 2001. Start your Free Trial

What is Tat Seng Packaging Group 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.

Tat Seng Packaging Group's Net-Net Working Capital for the quarter that ended in Dec. 2023 was S$0.13.

The industry rank for Tat Seng Packaging Group's Net-Net Working Capital or its related term are showing as below:

SGX:T12's Price-to-Net-Net-Working-Capital is ranked better than
52.17% of 138 companies
in the Packaging & Containers industry
Industry Median: 5.675 vs SGX:T12: 5.62

Tat Seng Packaging Group Net-Net Working Capital Historical Data

The historical data trend for Tat Seng Packaging Group'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.

Tat Seng Packaging Group Net-Net Working Capital Chart

Tat Seng Packaging Group 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 0.03 0.18 0.27 0.13 0.13

Tat Seng Packaging Group 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 0.27 0.22 0.13 0.37 0.13

Competitive Comparison of Tat Seng Packaging Group's Net-Net Working Capital

For the Packaging & Containers subindustry, Tat Seng Packaging Group'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.


Tat Seng Packaging Group's Price-to-Net-Net-Working-Capital Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Tat Seng Packaging Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Tat Seng Packaging Group's Price-to-Net-Net-Working-Capital falls into.



Tat Seng Packaging Group Net-Net Working Capital Calculation

Tat Seng Packaging Group'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)
=(104.24+0.75 * 48.959+0.5 * 21.245-119.073
-0-11.362)/157.2
=0.13

Tat Seng Packaging Group'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)
=(104.24+0.75 * 48.959+0.5 * 21.245-119.073
-0-11.362)/157.2
=0.13

* 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.


Tat Seng Packaging Group  (SGX:T12) 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.


Tat Seng Packaging Group Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Tat Seng Packaging Group's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Tat Seng Packaging Group (SGX:T12) Business Description

Traded in Other Exchanges
N/A
Address
28 Senoko Drive, Singapore, SGP, 758214
Tat Seng Packaging Group Ltd is engaged in manufacturing and sales of corrugated paper products and other packaging products. The company designs, manufactures and sells corrugated paper packaging products for the packing of a diverse range of products according to customers' specifications. Its key products include corrugated paper boards, corrugated paper cartons, die-cut boxes, assembly cartons and heavy duty corrugated paper products. It also carries and sells a range of other packaging related products. Its segments include Singapore and PRC with majority of the revenue deriving from PRC.

Tat Seng Packaging Group (SGX:T12) Headlines

No Headlines