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INAPA Inapa Investimentos Participacoes e Gestao (XLIS:INA) Net-Net Working Capital : €-0.72 (As of Dec. 2023)


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What is INAPA Inapa Investimentos Participacoes e Gestao 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.

INAPA Inapa Investimentos Participacoes e Gestao's Net-Net Working Capital for the quarter that ended in Dec. 2023 was €-0.72.

The industry rank for INAPA Inapa Investimentos Participacoes e Gestao's Net-Net Working Capital or its related term are showing as below:

XLIS:INA's Price-to-Net-Net-Working-Capital is not ranked *
in the Forest Products industry.
Industry Median: 5.57
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

INAPA Inapa Investimentos Participacoes e Gestao Net-Net Working Capital Historical Data

The historical data trend for INAPA Inapa Investimentos Participacoes e Gestao'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.

INAPA Inapa Investimentos Participacoes e Gestao Net-Net Working Capital Chart

INAPA Inapa Investimentos Participacoes e Gestao 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 -0.85 -0.85 -0.85 -0.76 -0.72

INAPA Inapa Investimentos Participacoes e Gestao 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 -0.85 -0.78 -0.76 -0.71 -0.72

Competitive Comparison of INAPA Inapa Investimentos Participacoes e Gestao's Net-Net Working Capital

For the Paper & Paper Products subindustry, INAPA Inapa Investimentos Participacoes e Gestao'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.


INAPA Inapa Investimentos Participacoes e Gestao's Price-to-Net-Net-Working-Capital Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, INAPA Inapa Investimentos Participacoes e Gestao's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where INAPA Inapa Investimentos Participacoes e Gestao's Price-to-Net-Net-Working-Capital falls into.



INAPA Inapa Investimentos Participacoes e Gestao Net-Net Working Capital Calculation

INAPA Inapa Investimentos Participacoes e Gestao'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)
=(15.389+0.75 * 41.614+0.5 * 49.144-449.846
-0-0)/526.226
=-0.72

INAPA Inapa Investimentos Participacoes e Gestao'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)
=(15.389+0.75 * 41.614+0.5 * 49.144-449.846
-0-0)/526.226
=-0.72

* 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.


INAPA Inapa Investimentos Participacoes e Gestao  (XLIS:INA) 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.


INAPA Inapa Investimentos Participacoes e Gestao Net-Net Working Capital Related Terms

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INAPA Inapa Investimentos Participacoes e Gestao (XLIS:INA) Business Description

Traded in Other Exchanges
Address
Rua Braamcamp, 40, 9ºD, Lisbon, PRT, 1250-050
INAPA Inapa Investimentos Participacoes e Gestao SA is engaged in the paper distribution in Europe. It operates in the Paper, Packaging, and Visual Communication segments. Its portfolio for graphics and office industry products consists of paper, printing and office consumables, and logistics services. Inapa, alongside the distribution of packaging materials, also develops technologies and various packaging concepts. The paper segment contributes to the majority of revenue. The geographical segments include Germany, France, Portugal, Spain, and others.

INAPA Inapa Investimentos Participacoes e Gestao (XLIS:INA) Headlines

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