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Tokyu Fudosan Holdings (TSE:3289) Net-Net Working Capital : 円-2,140.01 (As of Dec. 2023)


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What is Tokyu Fudosan Holdings 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.

Tokyu Fudosan Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was 円-2,140.01.

The industry rank for Tokyu Fudosan Holdings's Net-Net Working Capital or its related term are showing as below:

TSE:3289's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.505
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Tokyu Fudosan Holdings Net-Net Working Capital Historical Data

The historical data trend for Tokyu Fudosan Holdings'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.

Tokyu Fudosan Holdings Net-Net Working Capital Chart

Tokyu Fudosan Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,972.96 -2,038.82 -1,968.61 -2,022.35 -2,131.15

Tokyu Fudosan Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -2,022.35 -1,910.03 -1,920.04 -2,140.01 -2,131.15

Competitive Comparison of Tokyu Fudosan Holdings's Net-Net Working Capital

For the Real Estate - Diversified subindustry, Tokyu Fudosan Holdings'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.


Tokyu Fudosan Holdings's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

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

* The bar in red indicates where Tokyu Fudosan Holdings's Price-to-Net-Net-Working-Capital falls into.



Tokyu Fudosan Holdings Net-Net Working Capital Calculation

Tokyu Fudosan Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(263193+0.75 * 56192+0.5 * 914252-2258851
-0-21751)/712.357
=-2,131.15

Tokyu Fudosan Holdings'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)
=(222167+0.75 * 44071+0.5 * 923160-2220951
-0-18850)/711.679
=-2,140.01

* 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.


Tokyu Fudosan Holdings  (TSE:3289) 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.


Tokyu Fudosan Holdings Net-Net Working Capital Related Terms

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Tokyu Fudosan Holdings (TSE:3289) Business Description

Traded in Other Exchanges
Address
Shin-nanpeidai Tokyu Building, Dogenzaka 1-21-2, Shibuya-ku, Tokyo, JPN
Tokyu Fudosan Holdings Corp engages in the management and administration of a host of businesses. The business that compose Tokyu Fudosan Holdings operate in the following business segments: urban development, residential, wellness, innovation, property management, real estate agency, and tokyu hands. Altogether, the group develops, leases, and operates office buildings, commercial facilities, rental residences, and other properties. Tokyu's host of businesses also engage in management and operation of resort facilities, sports clubs, and senior housing. Businesses like the innovation segment serve as a complement and include overseas operations, custom homes, renovation, and landscaping.

Tokyu Fudosan Holdings (TSE:3289) Headlines

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