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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.
Sacks Parente Golf's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $0.25.
The industry rank for Sacks Parente Golf's Net-Net Working Capital or its related term are showing as below:
The historical data trend for Sacks Parente Golf'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.
Sacks Parente Golf Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Net-Net Working Capital | -0.06 | -0.11 | -0.13 | 0.34 |
Sacks Parente Golf Quarterly Data | ||||||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Net-Net Working Capital | Get a 7-Day Free Trial | -0.21 | -0.25 | 0.44 | 0.34 | 0.25 |
For the Leisure subindustry, Sacks Parente Golf'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.
For the Travel & Leisure industry and Consumer Cyclical sector, Sacks Parente Golf's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Sacks Parente Golf's Price-to-Net-Net-Working-Capital falls into.
Sacks Parente Golf'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) | ||
= | (5.338 | + | 0.75 * 0.053 | + | 0.5 * 0.248 | - | 0.604 |
- | 0 | - | 0) | / | 14.5959 | ||
= | 0.34 |
Sacks Parente Golf'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) | ||
= | (4.083 | + | 0.75 * 0.03 | + | 0.5 * 0.336 | - | 0.593 |
- | 0 | - | 0) | / | 14.5959 | ||
= | 0.25 |
* 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.
Sacks Parente Golf (NAS:SPGC) 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.
Thank you for viewing the detailed overview of Sacks Parente Golf's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.
Brett Widney Hoge | director | 121 GRASSLANDS CT, ADVANCE NC 27006 |
Steve Handy | officer: Chief Financial Officer | 8228 SUNSET BLVD., LOS ANGELES CA 90046 |
Timothy Triplett | director, officer: Chief Executive Officer | |
Michael Robert Ferris | officer: See remarks | 2 CAPTAIN ROAD, WILBRAHAM MA 01095 |
Akinobu Yorihiro | director, officer: Chief Technology Officer | 155 GILES ROAD, LAKE SHERWOOD CA 91361 |
Gregor Alasdair Campbell | director | 5460 LIVERPOOL CT, OAK PARK CA 91377 |
Dorothy Lynn Pepper | director | P.O.BOX 623 ! WEBSTER ST, SARATOGA SPRINGS NY 12866 |
Angelo Gregory Papadourakis | officer: EVP Sales & Distribution | 8468 CHICORY COURT, DARIEN IL 60561 |
Nippon Xport Ventures, Inc. | 10 percent owner | 155 GILES ROAD,, LAKE SHERWOOD CA 91361 |
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