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Chosun Refractories Co spin off (XKRX:462520) Net-Net Working Capital : ₩0.00 (As of Sep. 2023)


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What is Chosun Refractories Co spin off 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.

Chosun Refractories Co spin off's Net-Net Working Capital for the quarter that ended in Sep. 2023 was ₩0.00.

The industry rank for Chosun Refractories Co spin off's Net-Net Working Capital or its related term are showing as below:

XKRX:462520's Price-to-Net-Net-Working-Capital is not ranked *
in the Building Materials industry.
Industry Median: 9.2
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Chosun Refractories Co spin off Net-Net Working Capital Historical Data

The historical data trend for Chosun Refractories Co spin off'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.

Chosun Refractories Co spin off Net-Net Working Capital Chart

Chosun Refractories Co spin off Annual Data
Trend Dec23
Net-Net Working Capital
-8,848.66

Chosun Refractories Co spin off Semi-Annual Data
Sep23
Net-Net Working Capital -

Competitive Comparison of Chosun Refractories Co spin off's Net-Net Working Capital

For the Building Materials subindustry, Chosun Refractories Co spin off'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.


Chosun Refractories Co spin off's Price-to-Net-Net-Working-Capital Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Chosun Refractories Co spin off's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Chosun Refractories Co spin off's Price-to-Net-Net-Working-Capital falls into.



Chosun Refractories Co spin off Net-Net Working Capital Calculation

Chosun Refractories Co spin off's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16430.463+0.75 * 80515.177+0.5 * 87108.824-217208.546
-0-8011.351)/11.8491
=-8,848.66

Chosun Refractories Co spin off's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16019.7+0.75 * 0+0.5 * 89293.827-156086.075
-0-7859.982)/0
=N/A

* 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.


Chosun Refractories Co spin off  (XKRX:462520) 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.


Chosun Refractories Co spin off Net-Net Working Capital Related Terms

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Chosun Refractories Co spin off (XKRX:462520) Business Description

Traded in Other Exchanges
N/A
Address
55 Saneop-ro, Jeollanam-do, Taein-dong, Gwangyang-si, KOR
Chosun Refractories Co Ltd spin off manufactures general-purpose products and high-functionality products (refractories for continuous casting, special refractories) based on domestic production facilities. Its product offerings comprise Shaped and unshaped refractories, Special alumina bricks, high alumina bricks, casting blocks, castable refractories, metal plating/ shaft alleys for the mortar production refractories industry, technical service for the refractories industry, and manufacturing of industrial furnaces.

Chosun Refractories Co spin off (XKRX:462520) Headlines

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