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ARB Bhd (XKLS:7181) Net-Net Working Capital : RM0.04 (As of Mar. 2024)


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What is ARB 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.

ARB Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2024 was RM0.04.

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

XKLS:7181's Price-to-Net-Net-Working-Capital is ranked better than
89.08% of 119 companies
in the Conglomerates industry
Industry Median: 5.81 vs XKLS:7181: 1.00

ARB Bhd Net-Net Working Capital Historical Data

The historical data trend for ARB 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.

ARB Bhd Net-Net Working Capital Chart

ARB Bhd Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 - 0.08 0.08 -

ARB Bhd Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Mar22 Sep22 Dec22 Mar23 Sep23 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 0.05 0.02 - 0.06 0.04

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

For the Conglomerates subindustry, ARB 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.


ARB Bhd's Price-to-Net-Net-Working-Capital Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, ARB Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



ARB Bhd Net-Net Working Capital Calculation

ARB Bhd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2020 is calculated as

Net-Net Working Capital(A: Dec. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(26.512+0.75 * 68.23+0.5 * 0-66.7
-6.204-4.874)/505.471
=-0.00

ARB 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)
=(34.978+0.75 * 22.386+0.5 * 0-2.981
-0-1.693)/1249.8
=0.04

* 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.


ARB Bhd  (XKLS:7181) 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.


ARB Bhd Net-Net Working Capital Related Terms

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ARB Bhd (XKLS:7181) Business Description

Industry
Traded in Other Exchanges
Address
No. 17-03, Q Sentral, 2A, Jalan Stesen Sentral 2, Kuala Lumpur Sentral, Kuala Lumpur, MYS, 50470
ARB Bhd is engaged in manufacturing wood products in Malaysia. Besides, it is also involved in the provision of management services and investment holding. The company operates three business segments defined as Investment holdings and other segments, Enterprise Resource Planning ("ERP") system segment and the Internet of Things ("IoT") segment. It operates predominantly in Malaysia.

ARB Bhd (XKLS:7181) Headlines

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