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CreditAccess Grameen (BOM:541770) Net-Net Working Capital : ₹-1,315.26 (As of Mar. 2024)


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What is CreditAccess Grameen 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.

CreditAccess Grameen's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ₹-1,315.26.

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

BOM:541770's Price-to-Net-Net-Working-Capital is not ranked *
in the Credit Services industry.
Industry Median: 5.95
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

CreditAccess Grameen Net-Net Working Capital Historical Data

The historical data trend for CreditAccess Grameen'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.

CreditAccess Grameen Net-Net Working Capital Chart

CreditAccess Grameen 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 -633.36 -572.16 -752.81 -962.12 -1,315.26

CreditAccess Grameen 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 -962.12 - -1,051.68 - -1,315.26

Competitive Comparison of CreditAccess Grameen's Net-Net Working Capital

For the Credit Services subindustry, CreditAccess Grameen'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.


CreditAccess Grameen's Price-to-Net-Net-Working-Capital Distribution in the Credit Services Industry

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

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



CreditAccess Grameen Net-Net Working Capital Calculation

CreditAccess Grameen'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)
=(13139.1+0.75 * 0+0.5 * 0-222761.8
-0-0)/159.377
=-1,315.26

CreditAccess Grameen's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(13139.1+0.75 * 0+0.5 * 0-222761.8
-0-0)/159.377
=-1,315.26

* 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.


CreditAccess Grameen  (BOM:541770) 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.


CreditAccess Grameen Net-Net Working Capital Related Terms

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CreditAccess Grameen (BOM:541770) Business Description

Traded in Other Exchanges
Address
New No. 49 (Old No. 725), 46th Cross, 8th Block, Jayanagar, Next to Rajalakshmi Kalayana Mantap, Bengaluru, KA, IND, 560070
CreditAccess Grameen Ltd provides financial and non-financial products and services. The company is engaged in providing microfinance services to women who are enrolled as members and organized as Joint Liability Groups. The only operating segment of the company is lending to members. Geographically, it operates only in India. The company's financial product includes income generation loans, home improvement loans, emergency loans, family welfare loans, Gruha Vikas loans, Grameen Swarna loans, Grameen Vikas loans, life insurance, and others.

CreditAccess Grameen (BOM:541770) Headlines

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