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Accentro Real Estate AG (XTER:A4Y) Net-Net Working Capital : €-12.89 (As of Sep. 2023)


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What is Accentro Real Estate AG 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.

Accentro Real Estate AG's Net-Net Working Capital for the quarter that ended in Sep. 2023 was €-12.89.

The industry rank for Accentro Real Estate AG's Net-Net Working Capital or its related term are showing as below:

XTER:A4Y's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.29
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Accentro Real Estate AG Net-Net Working Capital Historical Data

The historical data trend for Accentro Real Estate AG'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.

Accentro Real Estate AG Net-Net Working Capital Chart

Accentro Real Estate AG Annual Data
Trend Jun13 Jun14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.39 -3.76 -9.91 -12.23 -12.71

Accentro Real Estate AG Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -12.03 -12.71 -12.42 -12.80 -12.89

Competitive Comparison of Accentro Real Estate AG's Net-Net Working Capital

For the Real Estate Services subindustry, Accentro Real Estate AG'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.


Accentro Real Estate AG's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Accentro Real Estate AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Accentro Real Estate AG's Price-to-Net-Net-Working-Capital falls into.



Accentro Real Estate AG Net-Net Working Capital Calculation

Accentro Real Estate AG's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(100.784+0.75 * 17.753+0.5 * 233.7-629.42
-0-13.731)/32.4379
=-12.71

Accentro Real Estate AG's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(31.323+0.75 * 24.257+0.5 * 203.899-556.351
-0-13.396)/32.4379
=-12.89

* 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.


Accentro Real Estate AG  (XTER:A4Y) 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.


Accentro Real Estate AG Net-Net Working Capital Related Terms

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Accentro Real Estate AG (XTER:A4Y) Business Description

Traded in Other Exchanges
Address
Kantstrasse 44/45, Berlin, BB, DEU, D-10625
Accentro Real Estate AG is a residential property company. Its core business consists of trading residential real estate within the framework of housing privatizations. Its business activities include tenant-sensitive retailing of condominiums to private owner-occupiers and buy-to-let investors, sales of real-estate portfolios to institutional investors, management of proprietary real-estate portfolios, and provision of sales and property administration services to third parties. The company has three segments the trading and privatization business, the portfolio business, and the fee-based and service business. The company generates the majority of its revenue from the trading and privatization segment.

Accentro Real Estate AG (XTER:A4Y) Headlines

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