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Mizuho Leasing Co (TSE:8425) Net-Net Working Capital : 円-7,601.73 (As of Dec. 2023)


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What is Mizuho Leasing Co 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.

Mizuho Leasing Co's Net-Net Working Capital for the quarter that ended in Dec. 2023 was 円-7,601.73.

The industry rank for Mizuho Leasing Co's Net-Net Working Capital or its related term are showing as below:

TSE:8425's Price-to-Net-Net-Working-Capital is not ranked *
in the Credit Services industry.
Industry Median: 7.555
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Mizuho Leasing Co Net-Net Working Capital Historical Data

The historical data trend for Mizuho Leasing Co'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.

Mizuho Leasing Co Net-Net Working Capital Chart

Mizuho Leasing Co 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 -6,227.28 -6,972.17 -7,198.34 -7,275.93 -8,216.41

Mizuho Leasing Co 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 -7,275.93 -7,317.83 -7,853.76 -7,601.73 -8,216.41

Competitive Comparison of Mizuho Leasing Co's Net-Net Working Capital

For the Credit Services subindustry, Mizuho Leasing Co'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.


Mizuho Leasing Co's Price-to-Net-Net-Working-Capital Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Mizuho Leasing Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Mizuho Leasing Co's Price-to-Net-Net-Working-Capital falls into.



Mizuho Leasing Co Net-Net Working Capital Calculation

Mizuho Leasing Co'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)
=(420379+0.75 * 848705+0.5 * 0-3033538
-0-20894)/243.114
=-8,216.41

Mizuho Leasing Co'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)
=(394940+0.75 * 835466+0.5 * 0-2848795
-0-20838)/243.115
=-7,601.73

* 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.


Mizuho Leasing Co  (TSE:8425) 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.


Mizuho Leasing Co Net-Net Working Capital Related Terms

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Mizuho Leasing Co (TSE:8425) Business Description

Traded in Other Exchanges
N/A
Address
2-6 Toranomon 1-chome, Minato-ku, Tokyo, JPN, 105-0001
Mizuho Leasing Co Ltd is a Japanese firm which provides total financial services to a range of customers from large companies to small and medium-sized companies. The company has four segments namely Leasing, Installment Sales, Loans and Other. The Leasing segment is engaged in leasing and renting services for industrial machinery, transportation equipment, and information-related equipment. Installment Sales segment is engaged in installment sales of production equipment, construction and engineering machinery, and commercial equipment. Loans segment is engaged in corporate finance, vessel finance, and factoring services. Other segment is engaged in investing in securities that are held for the purpose of generating operational revenues, as well as engaged in assurance services.

Mizuho Leasing Co (TSE:8425) Headlines

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