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ESCON Japan REIT Investment (TSE:2971) Net-Net Working Capital : 円-96,470.25 (As of Jul. 2023)


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What is ESCON Japan REIT Investment 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.

ESCON Japan REIT Investment's Net-Net Working Capital for the quarter that ended in Jul. 2023 was 円-96,470.25.

The industry rank for ESCON Japan REIT Investment's Net-Net Working Capital or its related term are showing as below:

TSE:2971's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 14.435
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

ESCON Japan REIT Investment Net-Net Working Capital Historical Data

The historical data trend for ESCON Japan REIT Investment'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.

ESCON Japan REIT Investment Net-Net Working Capital Chart

ESCON Japan REIT Investment Annual Data
Trend Jul19 Jul20 Jul21 Jul22
Net-Net Working Capital
-86,837.37 -89,929.96 -89,084.74 -96,491.87

ESCON Japan REIT Investment Semi-Annual Data
Oct17 Apr18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 -97,574.41 -96,491.87 -95,006.46 -96,470.25 -

Competitive Comparison of ESCON Japan REIT Investment's Net-Net Working Capital

For the REIT - Retail subindustry, ESCON Japan REIT Investment'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.


ESCON Japan REIT Investment's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, ESCON Japan REIT Investment's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where ESCON Japan REIT Investment's Price-to-Net-Net-Working-Capital falls into.



ESCON Japan REIT Investment Net-Net Working Capital Calculation

ESCON Japan REIT Investment's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jul. 2022 is calculated as

Net-Net Working Capital(A: Jul. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2628.014+0.75 * 64.514+0.5 * 0-36638.644
-0-0)/0.35197
=-96,491.87

ESCON Japan REIT Investment's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jul. 2023 is calculated as

Net-Net Working Capital(Q: Jul. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2318.451+0.75 * 100.249+0.5 * 0-36348.27
-0-0)/0.35197
=-96,470.25

* 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.


ESCON Japan REIT Investment  (TSE:2971) 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.


ESCON Japan REIT Investment Net-Net Working Capital Related Terms

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ESCON Japan REIT Investment (TSE:2971) Business Description

Traded in Other Exchanges
N/A
Address
Try Edge Ochanomizu Building, 12th Floor, 4-2-5 kandasurugadai, Chiyoda-ku, Tokyo, JPN, 101-0062
ESCON Japan REIT Investment Corp is a Japanese real estate investment trust which invests in commercial properties. Its main investment is leasehold land properties known as "sokochi," with stable, high-quality commercial facilities occupying the site.

ESCON Japan REIT Investment (TSE:2971) Headlines

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