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MiMedia Holdings (TSXV:MIM) Net-Net Working Capital : C$-0.09 (As of Dec. 2023)


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What is MiMedia Holdings 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.

MiMedia Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was C$-0.09.

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

TSXV:MIM's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.38
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

MiMedia Holdings Net-Net Working Capital Historical Data

The historical data trend for MiMedia Holdings'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.

MiMedia Holdings Net-Net Working Capital Chart

MiMedia Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
-0.10 -0.18 - -0.09

MiMedia Holdings Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -0.01 -0.04 -0.06 -0.09

Competitive Comparison of MiMedia Holdings's Net-Net Working Capital

For the Software - Infrastructure subindustry, MiMedia Holdings'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.


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

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

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



MiMedia Holdings Net-Net Working Capital Calculation

MiMedia Holdings'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)
=(2.308+0.75 * 0.004+0.5 * 0-6.44
-0-0)/43.6907
=-0.09

MiMedia Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.308+0.75 * 0.004+0.5 * 0-6.44
-0-0)/43.6907
=-0.09

* 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.


MiMedia Holdings  (TSXV:MIM) 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.


MiMedia Holdings Net-Net Working Capital Related Terms

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MiMedia Holdings (TSXV:MIM) Business Description

Traded in Other Exchanges
N/A
Address
c/o WeWork, 85 Broad Street, New York, NY, USA, 10004
MiMedia Holdings Inc provides a next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement. MiMedia partners with smartphone makers and telecom carriers globally and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world.

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