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StoneX Group (StoneX Group) Net-Net Working Capital : $-680.08 (As of Mar. 2024)


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What is StoneX Group 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.

StoneX Group's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-680.08.

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

SNEX's Price-to-Net-Net-Working-Capital is not ranked *
in the Capital Markets industry.
Industry Median: 6.85
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

StoneX Group Net-Net Working Capital Historical Data

The historical data trend for StoneX Group'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.

StoneX Group Net-Net Working Capital Chart

StoneX Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -294.94 -388.98 -546.69 -558.17 -598.50

StoneX Group 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 -592.80 -592.96 -598.50 -626.34 -680.08

Competitive Comparison of StoneX Group's Net-Net Working Capital

For the Capital Markets subindustry, StoneX Group'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.


StoneX Group's Price-to-Net-Net-Working-Capital Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, StoneX Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



StoneX Group Net-Net Working Capital Calculation

StoneX Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2023 is calculated as

Net-Net Working Capital(A: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1108.3+0.75 * 683.1+0.5 * 537.3-20559.6
-0-0)/31.195
=-598.50

StoneX Group'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)
=(1305.1+0.75 * 1293.4+0.5 * 616.9-24108.4
-0-0)/31.6502
=-680.08

* 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.


StoneX Group  (NAS:SNEX) 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.


StoneX Group Net-Net Working Capital Related Terms

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


StoneX Group (StoneX Group) Business Description

Traded in Other Exchanges
Address
230 Park Avenue, 10th Floor, New York, NY, USA, 10169
StoneX Group Inc is a Global brokerage and financial services firm. Its service offerings are execution, OTC / Market-Making, advisory services, Global payment solutions, market intelligence, Physical Trading and clearing services. The firm operates in four segments: commercial, Institutional, Retail, and Global Payments. Its customers include governmental and nongovernmental organizations, and commercial banks, brokers, institutional investors, and investment banks. The company operates in United States, South America, Europe, Middle East and Asia and other countries, out of which majority revenue is generates from Middle East and Asia Region.
Executives
Scott J Branch director, officer: COO 220 E CENTRAL PARKWAY, STE 2060, ATTAMONTE SPRINGS FL 32701
Eric Parthemore director 1251 NW BRIARCLIFF PARKWAY, SUITE 800, KANSAS CITY MO 64116
Philip Andrew Smith other: CEO - subsidiary entity 708 THIRD AVENUE, SUITE 1500, NEW YORK NY 10017
Mark Lowry Maurer other: CEO - subsidiary entity 230 SOUTH LASALLE, SUITE 10-500, CHICAGO IL 60604
John Moore Fowler director 2 NORTHWEST WAY, BRONXVILLE NY 10708
Charles M Lyon officer: CEO - subsidiary entity 329 PARK AVENUE NORTH, SUITE 350, WINTER PARK FL 32789
John Radziwill director, officer: Chairman of the Board
Glenn Henry Stevens other: CEO - subsidiary entity 550 HILLS DRIVE, SUITE 210, BEDMINSTER NJ 07921
Aaron Schroeder officer: Group Controller 1251 NW BRIARCLIFF PARKWAY, SUITE 800, KANSAS CITY MO 64116
William J Dunaway officer: Chief Financial Officer 1251 NW BRIARCLIFF PARKWAY, SUITE 800, KANSAS CITY MO 64116
Sean Michael Oconnor director, officer: CEO 220 E. CENTRAL PARKWAY, SUITE 2060, ALTEMONTE SPRINGS FL 32701
Xuong Nguyen other: COO of Affiliates 230 SOUTH LASALLE, SUITE 10-500, CHICAGO IL 60604
Abigail H Perkins officer: Chief Information Officer 230 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10169
Diego Rotsztain officer: Chief Governance/Legal Officer 135 US HIGHWAY 202/206, SUITE 11, BEDMINSTER NJ 07921
Dhamu R. Thamodaran director 200 COMMERCE STREET, SMITHFIELD VA 23430

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