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Gecina Nom (XPAR:GFC) Net-Net Working Capital : €-91.81 (As of Dec. 2023)


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What is Gecina Nom 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.

Gecina Nom's Net-Net Working Capital for the quarter that ended in Dec. 2023 was €-91.81.

The industry rank for Gecina Nom's Net-Net Working Capital or its related term are showing as below:

XPAR:GFC's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 15.395
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Gecina Nom Net-Net Working Capital Historical Data

The historical data trend for Gecina Nom'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.

Gecina Nom Net-Net Working Capital Chart

Gecina Nom Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -93.87 -99.91 -99.24 -104.63 -91.81

Gecina Nom Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -99.24 -104.66 -104.63 -96.51 -91.81

Competitive Comparison of Gecina Nom's Net-Net Working Capital

For the REIT - Office subindustry, Gecina Nom'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.


Gecina Nom's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

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

* The bar in red indicates where Gecina Nom's Price-to-Net-Net-Working-Capital falls into.



Gecina Nom Net-Net Working Capital Calculation

Gecina Nom'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)
=(143.715+0.75 * 62.338+0.5 * 184.715-7049.288
-0-16.719)/73.8802
=-91.81

Gecina Nom'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)
=(143.715+0.75 * 62.338+0.5 * 184.715-7049.288
-0-16.719)/73.8802
=-91.81

* 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.


Gecina Nom  (XPAR:GFC) 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.


Gecina Nom Net-Net Working Capital Related Terms

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Gecina Nom (XPAR:GFC) Business Description

Industry
Traded in Other Exchanges
Address
14-16, Rue des Capucines, Cedex 02, Paris, FRA, 75084
Gecina Nom is a French real estate investment trust with assets primarily located in Paris, France, and the surrounding region. The majority of Gecina's real estate property portfolio is comprised of office buildings with residential properties also making up a substantial percentage. Most of Gecina's properties are located in the City of Paris, while others are also located in the Paris region and other French cities, such as Lyon. Gecina primarily generates revenue from rental income and the sale of its real estate properties. Most of this rental revenue is derived from its office buildings. Gecina's customers and occupants include businesses, students, and individuals. The company also manages the construction, redevelopment, and environmental operations of its assets.

Gecina Nom (XPAR:GFC) Headlines

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