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Daiwa House Logistics Trust (SGX:DHLU) Net-Net Working Capital : S$-0.72 (As of Dec. 2023)


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What is Daiwa House Logistics Trust 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.

Daiwa House Logistics Trust's Net-Net Working Capital for the quarter that ended in Dec. 2023 was S$-0.72.

The industry rank for Daiwa House Logistics Trust's Net-Net Working Capital or its related term are showing as below:

SGX:DHLU's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 15.305
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Daiwa House Logistics Trust Net-Net Working Capital Historical Data

The historical data trend for Daiwa House Logistics Trust'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.

Daiwa House Logistics Trust Net-Net Working Capital Chart

Daiwa House Logistics Trust Annual Data
Trend Dec18 Dec19 Dec20 Dec22 Dec23
Net-Net Working Capital
- - -0.96 -0.78 -0.72

Daiwa House Logistics Trust Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial - -0.96 -0.96 -0.72 -0.72

Competitive Comparison of Daiwa House Logistics Trust's Net-Net Working Capital

For the REIT - Industrial subindustry, Daiwa House Logistics Trust'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.


Daiwa House Logistics Trust's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Daiwa House Logistics Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Daiwa House Logistics Trust's Price-to-Net-Net-Working-Capital falls into.



Daiwa House Logistics Trust Net-Net Working Capital Calculation

Daiwa House Logistics Trust'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)
=(45.801+0.75 * 0.667+0.5 * 0-548.262
-0-0)/696.066
=-0.72

Daiwa House Logistics Trust'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)
=(45.801+0.75 * 0.667+0.5 * 0-548.262
-0-0)/696.066
=-0.72

* 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.


Daiwa House Logistics Trust  (SGX:DHLU) 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.


Daiwa House Logistics Trust Net-Net Working Capital Related Terms

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Daiwa House Logistics Trust (SGX:DHLU) Business Description

Traded in Other Exchanges
N/A
Address
8 Marina View, No. 14-09 Asia Square Tower 1, Singapore, SGP, 018960
Daiwa House Logistics Trust is a real estate investment trust established with the investment strategy of principally investing in a portfolio of income-producing logistics and industrial real estate assets located across Asia. The DHLT Portfolio comprises 16 high-quality properties that are diversified across different regions in Japan, including the Greater Tokyo region and core regional markets in Japan.

Daiwa House Logistics Trust (SGX:DHLU) Headlines

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