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Inaba Denkisangyo Co (TSE:9934) Net-Net Working Capital : 円609.48 (As of Dec. 2023)


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What is Inaba Denkisangyo 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.

Inaba Denkisangyo Co's Net-Net Working Capital for the quarter that ended in Dec. 2023 was 円609.48.

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

TSE:9934's Price-to-Net-Net-Working-Capital is ranked better than
56.05% of 1372 companies
in the Industrial Products industry
Industry Median: 6.88 vs TSE:9934: 5.80

Inaba Denkisangyo Co Net-Net Working Capital Historical Data

The historical data trend for Inaba Denkisangyo 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.

Inaba Denkisangyo Co Net-Net Working Capital Chart

Inaba Denkisangyo 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 825.77 898.83 837.71 787.59 653.75

Inaba Denkisangyo 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 787.59 694.68 794.67 609.48 653.75

Competitive Comparison of Inaba Denkisangyo Co's Net-Net Working Capital

For the Electrical Equipment & Parts subindustry, Inaba Denkisangyo 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.


Inaba Denkisangyo Co's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Inaba Denkisangyo Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Inaba Denkisangyo Co Net-Net Working Capital Calculation

Inaba Denkisangyo 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)
=(69495+0.75 * 73995+0.5 * 24388-100590
-0-0)/55.9778
=653.75

Inaba Denkisangyo 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)
=(61115+0.75 * 59371+0.5 * 28946-86050
-0-0)/55.8938
=609.48

* 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.


Inaba Denkisangyo Co  (TSE:9934) 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.


Inaba Denkisangyo Co Net-Net Working Capital Related Terms

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Inaba Denkisangyo Co (TSE:9934) Business Description

Traded in Other Exchanges
N/A
Address
Nishi Ward 4-chome 11-14, Osaka, JPN, 550-0012
Inaba Denkisangyo Co Ltd is divided its business in Electrical equipment and materials, Industrial solutions and proprietary product divisions. Electrical equipment and materials division comprises products from light fittings, air conditioning systems, distribution panels for all types of buildings. Industrial solutions division consists of solutions for issues such as improving productivity, resource conservation, and space saving. Proprietary products division includes the development of in-house brands Inaba denko and Abaniact. It also develops products for eco-friendly lifestyles.

Inaba Denkisangyo Co (TSE:9934) Headlines

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