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United Urban Investment (TSE:8960) Net-Net Working Capital : 円-105,874.23 (As of May. 2023)


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What is United Urban 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.

United Urban Investment's Net-Net Working Capital for the quarter that ended in May. 2023 was 円-105,874.23.

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

TSE:8960's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 14.79
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

United Urban Investment Net-Net Working Capital Historical Data

The historical data trend for United Urban 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.

United Urban Investment Net-Net Working Capital Chart

United Urban Investment Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -89,321.58 -92,158.97 -94,290.17 -100,254.82 -103,955.72

United Urban Investment Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23
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 -98,565.07 -100,254.82 -101,079.67 -103,955.72 -105,874.23

Competitive Comparison of United Urban Investment's Net-Net Working Capital

For the REIT - Diversified subindustry, United Urban 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.


United Urban Investment's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

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

* The bar in red indicates where United Urban Investment's Price-to-Net-Net-Working-Capital falls into.



United Urban Investment Net-Net Working Capital Calculation

United Urban Investment's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Nov. 2022 is calculated as

Net-Net Working Capital(A: Nov. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(31999.503+0.75 * 593.593+0.5 * 0-354560.867
-0-0)/3.09859
=-103,955.72

United Urban Investment's Net-Net Working Capital (NNWC) per share for the quarter that ended in May. 2023 is calculated as

Net-Net Working Capital(Q: May. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(34265.446+0.75 * 527.957+0.5 * 0-362722.249
-0-0)/3.09859
=-105,874.23

* 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.


United Urban Investment  (TSE:8960) 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.


United Urban Investment Net-Net Working Capital Related Terms

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United Urban Investment (TSE:8960) Business Description

Traded in Other Exchanges
N/A
Address
4-3-1 Toranomon, Minato-ku, Tokyo, JPN, 105-0001
United Urban Investment Corp is a real estate investment trust. The company invests in real estates such as retail properties, office buildings, hotels, residential properties and others. The company's primary objective is to secure steady earnings over the medium to long term through investment in varied both in types of use and geographical location. The company invests in real estates located in the Tokyo metropolitan area and other cities in Japan including government-designated cities, and surrounding areas thereof.

United Urban Investment (TSE:8960) Headlines

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