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Star Asia Investment (TSE:3468) Net-Net Working Capital : 円-52,928.46 (As of Jan. 2023)


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What is Star Asia Investment 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.

Star Asia Investment's Net-Net Working Capital for the quarter that ended in Jan. 2023 was 円-52,928.46.

The industry rank for Star Asia Investment's Net-Net Working Capital or its related term are showing as below:

TSE:3468's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 14.79
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Star Asia Investment Net-Net Working Capital Historical Data

The historical data trend for Star Asia Investment'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.

Star Asia Investment Net-Net Working Capital Chart

Star Asia Investment Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Net-Net Working Capital
Get a 7-Day Free Trial -46,988.72 -49,660.46 -29,151.59 -51,809.62 -52,150.05

Star Asia Investment Semi-Annual Data
Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jan21 Jul21 Jan22 Jul22 Jan23 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 -51,809.62 -52,376.76 -52,150.05 -52,928.46 -

Competitive Comparison of Star Asia Investment's Net-Net Working Capital

For the REIT - Diversified subindustry, Star Asia Investment'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.


Star Asia Investment's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Star Asia Investment's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Star Asia Investment's Price-to-Net-Net-Working-Capital falls into.



Star Asia Investment Net-Net Working Capital Calculation

Star Asia Investment's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jul. 2022 is calculated as

Net-Net Working Capital(A: Jul. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4265.178+0.75 * 137.598+0.5 * 0-97685.159
-0-0)/1.78939
=-52,150.05

Star Asia Investment's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jan. 2023 is calculated as

Net-Net Working Capital(Q: Jan. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3488.637+0.75 * 147.713+0.5 * 0-105311.508
-0-0)/1.92169
=-52,928.46

* 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.


Star Asia Investment  (TSE:3468) 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.


Star Asia Investment Net-Net Working Capital Related Terms

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Star Asia Investment (TSE:3468) Business Description

Traded in Other Exchanges
N/A
Address
2-5-1, Atago, 18th Floor, Atago Green Hills MORI Tower, Minato-ku, Tokyo, JPN, 105-0002
Star Asia Investment Corp is a real estate investment trust (REIT). The company mainly invests in real estate properties such as business offices, logistics facilities, residential buildings and hotels. It aims to achieve internal and external growth in asset and maximize investors' profit from mid-term to long-term perspectives.

Star Asia Investment (TSE:3468) Headlines

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