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APAC Realty (SGX:CLN) Net-Net Working Capital : S$-0.18 (As of Dec. 2023)


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What is APAC Realty 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.

APAC Realty's Net-Net Working Capital for the quarter that ended in Dec. 2023 was S$-0.18.

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

SGX:CLN's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.3
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

APAC Realty Net-Net Working Capital Historical Data

The historical data trend for APAC Realty'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.

APAC Realty Net-Net Working Capital Chart

APAC Realty 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 -0.21 -0.20 -0.23 -0.18 -0.18

APAC Realty Semi-Annual Data
Dec14 Dec15 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 -0.23 -0.21 -0.18 -0.22 -0.18

Competitive Comparison of APAC Realty's Net-Net Working Capital

For the Real Estate Services subindustry, APAC Realty'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.


APAC Realty's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

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

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



APAC Realty Net-Net Working Capital Calculation

APAC Realty'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)
=(44.052+0.75 * 99.495+0.5 * 0-183.889
-0-0.396)/355.198
=-0.18

APAC Realty'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)
=(44.052+0.75 * 99.495+0.5 * 0-183.889
-0-0.396)/355.198
=-0.18

* 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.


APAC Realty  (SGX:CLN) 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.


APAC Realty Net-Net Working Capital Related Terms

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APAC Realty (SGX:CLN) Business Description

Traded in Other Exchanges
N/A
Address
450 Lorong 6 Toa Payoh, No 03-01 ERA APAC Centre, Singapore, SGP, 319394
APAC Realty Ltd is a real estate services provider in Asia. The company operates three main business segments, namely, real estate brokerage services; franchise arrangements; training, valuation, and other ancillary services. Its real estate brokerage services are operated by its wholly-owned subsidiary ERA Realty Network Pte Ltd under the ERA brand. ERA Realty derives commission-based fees through the provision of property brokerage services for primary sales; secondary sales; and rental of residential, commercial and industrial properties.

APAC Realty (SGX:CLN) Headlines

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