GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Kura Sushi Inc (TSE:2695) » Definitions » Net-Net Working Capital

Kura Sushi (TSE:2695) Net-Net Working Capital : 円-1,296.09 (As of Jan. 2024)


View and export this data going back to 2004. Start your Free Trial

What is Kura Sushi 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.

Kura Sushi's Net-Net Working Capital for the quarter that ended in Jan. 2024 was 円-1,296.09.

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

TSE:2695's Price-to-Net-Net-Working-Capital is not ranked *
in the Restaurants industry.
Industry Median: 12.85
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Kura Sushi Net-Net Working Capital Historical Data

The historical data trend for Kura Sushi'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.

Kura Sushi Net-Net Working Capital Chart

Kura Sushi Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.72 -415.11 -708.24 -1,024.60 -1,239.37

Kura Sushi Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -1,106.13 -1,169.08 -1,200.76 -1,239.37 -1,296.09

Competitive Comparison of Kura Sushi's Net-Net Working Capital

For the Restaurants subindustry, Kura Sushi'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.


Kura Sushi's Price-to-Net-Net-Working-Capital Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Kura Sushi's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Kura Sushi Net-Net Working Capital Calculation

Kura Sushi's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Oct. 2023 is calculated as

Net-Net Working Capital(A: Oct. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(20188+0.75 * 5162+0.5 * 2522-59556
-0-15024)/39.7457
=-1,239.37

Kura Sushi's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jan. 2024 is calculated as

Net-Net Working Capital(Q: Jan. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(19487+0.75 * 5692+0.5 * 2622-61646
-0-14935)/39.7457
=-1,296.09

* 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.


Kura Sushi  (TSE:2695) 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.


Kura Sushi Net-Net Working Capital Related Terms

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


Kura Sushi (TSE:2695) Business Description

Traded in Other Exchanges
N/A
Address
1-2-1 Fukasaka, Naka-ku, Sakai-shi, Osaka, JPN, 599-8253
Kura Sushi Inc operates a chain of close to 400 sushi restaurants in Japan. Kura's restaurants pledge to serve natural, organic, additive-free food that is devoid of chemical seasonings and artificial sweeteners, colorings, and preservatives. They operate as revolving sushi restaurants using the conveyor belt method to serve customers, which keeps staff requirements low. The method entails customers choosing and grabbing their sushi preferences as the options rotate in front of them on a conveyor belt.

Kura Sushi (TSE:2695) Headlines

No Headlines