GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Aims Property Securities Fund (ASX:APW) » Definitions » Net-Net Working Capital

Aims Property Securities Fund (ASX:APW) Net-Net Working Capital : A$0.06 (As of Dec. 2023)


View and export this data going back to 2004. Start your Free Trial

What is Aims Property Securities Fund 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.

Aims Property Securities Fund's Net-Net Working Capital for the quarter that ended in Dec. 2023 was A$0.06.

The industry rank for Aims Property Securities Fund's Net-Net Working Capital or its related term are showing as below:

ASX:APW's Price-to-Net-Net-Working-Capital is ranked worse than
68.04% of 97 companies
in the REITs industry
Industry Median: 15.11 vs ASX:APW: 25.50

Aims Property Securities Fund Net-Net Working Capital Historical Data

The historical data trend for Aims Property Securities Fund'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.

Aims Property Securities Fund Net-Net Working Capital Chart

Aims Property Securities Fund Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.03 0.04 0.04 0.05

Aims Property Securities Fund 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 0.05 0.04 0.03 0.05 0.06

Competitive Comparison of Aims Property Securities Fund's Net-Net Working Capital

For the REIT - Diversified subindustry, Aims Property Securities Fund'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.


Aims Property Securities Fund's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Aims Property Securities Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Aims Property Securities Fund's Price-to-Net-Net-Working-Capital falls into.



Aims Property Securities Fund Net-Net Working Capital Calculation

Aims Property Securities Fund'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)
=(2.562+0.75 * 0+0.5 * 0-0.142
-0-0)/44.519
=0.05

Aims Property Securities Fund'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)
=(2.774+0.75 * 0.389+0.5 * 0-0.151
-0-0)/46.272
=0.06

* 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.


Aims Property Securities Fund  (ASX:APW) 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.


Aims Property Securities Fund Net-Net Working Capital Related Terms

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


Aims Property Securities Fund (ASX:APW) Business Description

Traded in Other Exchanges
N/A
Address
259 George Street, Level 41, Sydney, NSW, AUS, 2000
Aims Property Securities Fund operates as a real estate securities fund. It invests in listed property trusts, unlisted property trusts, and listed property-related companies, and cash and fixed interest securities. The company manages property and mortgage funds. The investment objective of the fund is to provide investors with regular quarterly income and the potential for long-term capital growth. The company holds investments in a portfolio of property-related securities diversified by property sectors, geographic locations, and fund managers.

Aims Property Securities Fund (ASX:APW) Headlines

No Headlines