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Tritax EuroBox (LSE:BOXE) Net-Net Working Capital : €-0.90 (As of Mar. 2024)


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What is Tritax EuroBox 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.

Tritax EuroBox's Net-Net Working Capital for the quarter that ended in Mar. 2024 was €-0.90.

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

LSE:BOXE's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.26
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Tritax EuroBox Net-Net Working Capital Historical Data

The historical data trend for Tritax EuroBox'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.

Tritax EuroBox Net-Net Working Capital Chart

Tritax EuroBox Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Net-Net Working Capital
-0.83 -0.31 -0.95 -1.01

Tritax EuroBox Semi-Annual Data
Dec18 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.72 -0.95 -1.01 -1.01 -0.90

Competitive Comparison of Tritax EuroBox's Net-Net Working Capital

For the Real Estate Services subindustry, Tritax EuroBox'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.


Tritax EuroBox's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

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

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



Tritax EuroBox Net-Net Working Capital Calculation

Tritax EuroBox's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2023 is calculated as

Net-Net Working Capital(A: Sep. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(43.08+0+0.75 * 0+0.5 * 0-856.21
-0-0)/806.804
=-1.01

Tritax EuroBox's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(48.17+0+0.75 * 0+0.5 * 0-773.56
-0-0)/806.804
=-0.90

* 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.


Tritax EuroBox  (LSE:BOXE) 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.


Tritax EuroBox Net-Net Working Capital Related Terms

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Tritax EuroBox (LSE:BOXE) Business Description

Traded in Other Exchanges
Address
6 Duke Street St James’s, 3rd Floor, London, GBR, SW1Y 6BN
Tritax EuroBox PLC is an investment company. Its investment objective is to invest in continental European logistics real estate assets to deliver an attractive capital return and secure income. The majority of revenue is generated through rental income. The company is engaged in a single segment business, being the investment in and development of European Big Box assets.

Tritax EuroBox (LSE:BOXE) Headlines

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