GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kardan NV (XTAE:KRNV-M) » Definitions » Net-Net Working Capital

Kardan NV (XTAE:KRNV-M) Net-Net Working Capital : ₪-42.27 (As of Dec. 2023)


View and export this data going back to 2003. Start your Free Trial

What is Kardan NV 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.

Kardan NV's Net-Net Working Capital for the quarter that ended in Dec. 2023 was ₪-42.27.

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

XTAE:KRNV-M's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.97
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Kardan NV Net-Net Working Capital Historical Data

The historical data trend for Kardan NV'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.

Kardan NV Net-Net Working Capital Chart

Kardan NV 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 -1,011.00 -1,028.32 -1,082.69 -43.30 -42.27

Kardan NV Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 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 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 -1,011.00 -1,028.32 -1,082.69 -43.30 -42.27

Competitive Comparison of Kardan NV's Net-Net Working Capital

For the Real Estate Services subindustry, Kardan NV'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.


Kardan NV's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

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

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



Kardan NV Net-Net Working Capital Calculation

Kardan NV'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)
=(46.577+0.75 * 11.312+0.5 * 14.974-1158.089
-0--56.465)/24.5799
=-42.27

Kardan NV'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)
=(46.577+0.75 * 11.312+0.5 * 14.974-1158.089
-0--56.465)/24.5799
=-42.27

* 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.


Kardan NV  (XTAE:KRNV-M) 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.


Kardan NV Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Kardan NV's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Kardan NV Business Description

Traded in Other Exchanges
N/A
Address
Kingsfordweg 151, Amsterdam, NH, NLD, 1043
Kardan NV is an investment company. The company through its subsidiaries is engaged in the development of real estate. Real estate includes the development of residential apartments, mixed-use projects, and combination shopping centers with residential and small office apartments. The company reports in the following segments: Real estate development, and Real Estate Investment property. The Real Estate Investment Property segment derives its key revenue and includes the results of the operation of the Galleria Dalian shopping mall; the Real-Estate Development segment includes the results of the residential development of the Europark Dalian project and others. The company's activity is geographically concentrated since it operates only within China.

Kardan NV Headlines

No Headlines