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Nerdy (NRDY) Net-Net Working Capital : $0.14 (As of Mar. 2024)


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What is Nerdy 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.

Nerdy's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $0.14.

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

NRDY's Price-to-Net-Net-Working-Capital is ranked worse than
67.18% of 1179 companies
in the Software industry
Industry Median: 7.44 vs NRDY: 12.93

Nerdy Net-Net Working Capital Historical Data

The historical data trend for Nerdy'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.

Nerdy Net-Net Working Capital Chart

Nerdy Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -2.34 -5.16 0.26 0.14 0.13

Nerdy Quarterly Data
Dec18 Dec19 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 0.05 0.09 0.16 0.13 0.14

Competitive Comparison of Nerdy's Net-Net Working Capital

For the Software - Application subindustry, Nerdy'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.


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

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

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



Nerdy Net-Net Working Capital Calculation

Nerdy'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)
=(74.824+0.75 * 15.398+0.5 * 0-39.138
-0-33.129)/106.416
=0.13

Nerdy'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)
=(76.96+0.75 * 9.632+0.5 * 0-36.17
-0-32.368)/109.002
=0.14

* 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.


Nerdy  (NYSE:NRDY) 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.


Nerdy Net-Net Working Capital Related Terms

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


Nerdy (NRDY) Business Description

Industry
Traded in Other Exchanges
N/A
Address
101 S. Hanley Road, Suite 300, St. Louis, MO, USA, 63105
Nerdy Inc is a curated direct-to-consumer platform for live online learning. Its purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Its comprehensive learning destination provides learning experiences across various subjects and multiple formats including one-on-one instruction, small group classes, large format group classes, and adaptive self-study.
Executives
Jason H. Pello officer: Chief Financial Officer NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105
Christopher C. Swenson officer: Chief Legal Officer NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105
Charles K. Cohn director, officer: Chief Executive Officer NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105
Heidi Robinson officer: Chief Product Officer NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105
Tpg Gp A, Llc director, 10 percent owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Light Street Mercury Master Fund, L.p. 10 percent owner 525 UNIVERSITY AVENUE, SUITE 300, PALO ALTO CA 94301
Stuart Udell director 2300 CORPORATE PARK DRIVE, HERNDON VA 20171
Christopher P Marshall director 250 MIDDLEFIELD RD, MENLO PARK CA 94025
Jon Winkelried director, 10 percent owner C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Gregory Mrva officer: President C/O CITADEL BROADCASTING CORPORATION, 7201 W. LAKE MEAD BLVD. 400, LAS VEGAS NV 89128
Technology Crossover Management Viii, Ltd. 10 percent owner, other: Member of a 13(d) group C/O TECHNOLOGY CROSSOVER VENTURES, 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Technology Crossover Manangement Viii, L.p. 10 percent owner, other: Member of a 13(d) group 528 RAMONA STREET, PALO ALTO CA 94301
Tcv Viii (a), L.p. other: Member of a 13(d) group 528 RAMONA STREET, PALO ALTO CA 94301
Tcv Viii, L.p. 10 percent owner, other: Member of a 13(d) group 528 RAMONA STREET, PALO ALTO CA 94301
Catherine Beaudoin director NERDY INC., 101 S. HANLEY RD., SUITE 300, ST. LOUIS MO 63105