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Calnex Solutions (LSE:CLX) Net-Net Working Capital : £0.08 (As of Mar. 2024)


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What is Calnex Solutions 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.

Calnex Solutions's Net-Net Working Capital for the quarter that ended in Mar. 2024 was £0.08.

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

LSE:CLX's Price-to-Net-Net-Working-Capital is ranked better than
52.39% of 1214 companies
in the Hardware industry
Industry Median: 6.86 vs LSE:CLX: 6.38

Calnex Solutions Net-Net Working Capital Historical Data

The historical data trend for Calnex Solutions'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.

Calnex Solutions Net-Net Working Capital Chart

Calnex Solutions Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial -0.03 0.08 0.11 0.13 0.08

Calnex Solutions Semi-Annual Data
Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.09 0.13 0.09 0.08

Competitive Comparison of Calnex Solutions's Net-Net Working Capital

For the Communication Equipment subindustry, Calnex Solutions'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.


Calnex Solutions's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

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

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



Calnex Solutions Net-Net Working Capital Calculation

Calnex Solutions'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)
=(11.868+0.75 * 2.922+0.5 * 5.373-9.662
-0-0)/87.5583
=0.08

Calnex Solutions'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)
=(11.868+0.75 * 2.922+0.5 * 5.373-9.662
-0-0)/87.5583
=0.08

* 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.


Calnex Solutions  (LSE:CLX) 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.


Calnex Solutions Net-Net Working Capital Related Terms

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Calnex Solutions (LSE:CLX) Business Description

Traded in Other Exchanges
Address
Oracle Campus, Linlithgow, West Lothian, GBR, EH49 7LR
Calnex Solutions PLC is a provider of test and measurement solutions for the telecommunications sector. It designs, produces, and markets test instrumentation and solutions for network synchronization and network emulation. The company offers its equipment to network operators, network providers, systems suppliers, laboratories, and network infrastructures.

Calnex Solutions (LSE:CLX) Headlines

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