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hopTo (HPTO) Net-Net Working Capital : $0.20 (As of Sep. 2023)


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What is hopTo 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.

hopTo's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $0.20.

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

HPTO's Price-to-Net-Net-Working-Capital is ranked better than
99.67% of 1222 companies
in the Software industry
Industry Median: 7.235 vs HPTO: 0.51

hopTo Net-Net Working Capital Historical Data

The historical data trend for hopTo'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.

hopTo Net-Net Working Capital Chart

hopTo Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.14 -0.06 0.15 0.20 0.20

hopTo Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.18 0.20 0.20 0.19 0.20

Competitive Comparison of hopTo's Net-Net Working Capital

For the Software - Application subindustry, hopTo'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.


hopTo's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, hopTo's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



hopTo Net-Net Working Capital Calculation

hopTo's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5.356+0.75 * 0.511+0.5 * 0-1.968
-0-0)/18.8263
=0.20

hopTo'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)
=(5.605+0.75 * 0.467+0.5 * 0-2.077
-0-0)/18.9762
=0.20

* 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.


hopTo  (OTCPK:HPTO) 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.


hopTo Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of hopTo's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


hopTo (HPTO) Business Description

Industry
Traded in Other Exchanges
N/A
Address
189 North Main Street, Suite 102, Concord, NH, USA, 03301
hopTo Inc is a developer of application software that includes application virtualization and cloud computing software for multiple computer operating systems. The company's products are sold under the brand name GO-Global, which is sold to small to medium-sized companies, departments within large corporations, governmental and educational institutions, independent software vendors (ISVs), and value-added resellers (VARs). Its GO-Global includes different product families that GO-Global for Windows, UNIX, and Client. Its geographical segments are the United States, Brazil, Japan, and Other countries.
Executives
Jonathon R Skeels director 620 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Richard Chernicoff director C/O TESSERA TECHNOLOGIES, INC., 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Thomas C Stewart director 6 LOUDON STREET, SUITE 200, CONCORD NH 03301
Jean-louis Casabonne officer: CFO 1919 S. BASCOM AVENUE, SUITE 600, CAMPBELL CA 95008
Awm Investment Company, Inc. 10 percent owner 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Michael A Brochu director 16548 SE 59TH PL, BELLEVUE WA 98006
John Cronin director GRAPHON CORPORATION, 5400 SOQUEL AVENUE, SUITE A2, SANTA CRUZ CA 95062
Sam M Auriemma director
Eldad Eilam officer: Chief Technology Officer C/O GRAPHON CORPORATION, 5400 SOQUEL AVENUE, SUITE A2, SANTA CRUZ CA 95062
Jeremy Verba director C/O HOPTO INC., 1919 S BASCOM AVE., SUITE 600, CAMPBELL CA 95008
Ashfaq A Munshi director 2 MACARTHUR PLACE, SANTA ANA CA 92707
Robert Dixon officer: Interim CFO and Secretary C/O GRAPHON CORPORATION, 1901 S. BASCOM AVE., STE. 660, CAMPBELL CA 95008
Christoph Berlin officer: Chief Operating Officer 1901 S. BASCOM AVENUE, SUITE 660, CAMPBELL CA 95008
Steven A Ledger director 24 TAMALPAIS AVE, MILL VALLEY CA 94941
Howard S Jonas 10 percent owner

hopTo (HPTO) Headlines

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