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Pinar Sut Mamullerinayii AS (IST:PNSUT) Net-Net Working Capital : ₺-67.44 (As of Dec. 2023)


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What is Pinar Sut Mamullerinayii AS 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.

Pinar Sut Mamullerinayii AS's Net-Net Working Capital for the quarter that ended in Dec. 2023 was ₺-67.44.

The industry rank for Pinar Sut Mamullerinayii AS's Net-Net Working Capital or its related term are showing as below:

IST:PNSUT's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 7.25
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Pinar Sut Mamullerinayii AS Net-Net Working Capital Historical Data

The historical data trend for Pinar Sut Mamullerinayii AS'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.

Pinar Sut Mamullerinayii AS Net-Net Working Capital Chart

Pinar Sut Mamullerinayii AS 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 -6.20 -8.42 -14.21 -66.43 -67.44

Pinar Sut Mamullerinayii AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 -66.43 -46.77 -45.18 -49.83 -67.44

Competitive Comparison of Pinar Sut Mamullerinayii AS's Net-Net Working Capital

For the Packaged Foods subindustry, Pinar Sut Mamullerinayii AS'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.


Pinar Sut Mamullerinayii AS's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pinar Sut Mamullerinayii AS's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Pinar Sut Mamullerinayii AS's Price-to-Net-Net-Working-Capital falls into.



Pinar Sut Mamullerinayii AS Net-Net Working Capital Calculation

Pinar Sut Mamullerinayii AS'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)
=(15.024+0.75 * 2146.065+0.5 * 1284.899-5298.726
-0-0)/44.951
=-67.44

Pinar Sut Mamullerinayii AS'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)
=(15.024+0.75 * 2146.065+0.5 * 1284.899-5298.726
-0-0)/44.951
=-67.44

* 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.


Pinar Sut Mamullerinayii AS  (IST:PNSUT) 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.


Pinar Sut Mamullerinayii AS Net-Net Working Capital Related Terms

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Pinar Sut Mamullerinayii AS (IST:PNSUT) Business Description

Traded in Other Exchanges
N/A
Address
Kemalpasa Caddesi No. 317, Yunus Emre Mahallesi, Bornova, Izmir, TUR, 35060
Pinar Sut Mamulleri Sanayii AS is a Turkey-based company that operates in the packaged food business. The activities of the groups include processing, production, and sale of milk, dairy products, sauces, fruit juice, and powder products. It operates through the Labne, Klasik, Mangal Keyfi, Solen, Cocuk, Kido, and other brands. Geographically activities are conducted through the region of Turkey.

Pinar Sut Mamullerinayii AS (IST:PNSUT) Headlines

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