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Supermax Bhd (XKLS:7106) Net-Net Working Capital : RM0.45 (As of Mar. 2024)


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What is Supermax Bhd 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.

Supermax Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2024 was RM0.45.

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

XKLS:7106's Price-to-Net-Net-Working-Capital is ranked better than
83.93% of 448 companies
in the Medical Devices & Instruments industry
Industry Median: 6.175 vs XKLS:7106: 1.99

Supermax Bhd Net-Net Working Capital Historical Data

The historical data trend for Supermax Bhd'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.

Supermax Bhd Net-Net Working Capital Chart

Supermax Bhd Annual Data
Trend Dec13 Dec14 Dec15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.12 -0.07 0.69 0.82 0.63

Supermax Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.74 0.63 0.56 0.49 0.45

Competitive Comparison of Supermax Bhd's Net-Net Working Capital

For the Medical Instruments & Supplies subindustry, Supermax Bhd'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.


Supermax Bhd's Price-to-Net-Net-Working-Capital Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Supermax Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Supermax Bhd Net-Net Working Capital Calculation

Supermax Bhd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2023 is calculated as

Net-Net Working Capital(A: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2145.966+0.75 * 53.314+0.5 * 157.212-554.274
-0-90.099)/2576.12
=0.63

Supermax Bhd'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)
=(1511.344+0.75 * 70.837+0.5 * 176.205-404.428
-0-83.222)/2576.12
=0.45

* 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.


Supermax Bhd  (XKLS:7106) 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.


Supermax Bhd Net-Net Working Capital Related Terms

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Supermax Bhd (XKLS:7106) Business Description

Traded in Other Exchanges
N/A
Address
Lot 38, Putra Industrial Park, Bukit Rahman Putra, Petaling Jaya, SGR, MYS, 40160
Supermax Corp Bhd is an investment holding company. The company is an international manufacturer, distributor, and marketer of high-quality medical gloves and contact lenses. It offers various types of latex gloves, which are exported to over 155 countries around the world. The company is organized into the following operating segments, Investment Holding, Manufacturing of Gloves, Trading of Gloves and Others. It has operational footprints across America, Europe and Asia. The company's largest end market by revenue is in North, Central and South America. The company generates maximum revenue from the Trading of Gloves segment.

Supermax Bhd (XKLS:7106) Headlines

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