GURUFOCUS.COM » STOCK LIST » Technology » Software » Black Knight Inc (NYSE:BKI) » Definitions » Net-Net Working Capital

Black Knight (Black Knight) Net-Net Working Capital : $-7.07 (As of Sep. 2023)


View and export this data going back to 2015. Start your Free Trial

What is Black Knight 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.

Black Knight's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $-7.07.

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

BKI's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.09
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Black Knight Net-Net Working Capital Historical Data

The historical data trend for Black Knight'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.

Black Knight Net-Net Working Capital Chart

Black Knight Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.68 -13.01 -21.19 -26.22 -20.09

Black Knight Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -20.26 -20.09 -18.36 -18.18 -7.07

Competitive Comparison of Black Knight's Net-Net Working Capital

For the Software - Application subindustry, Black Knight'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.


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

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

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



Black Knight Net-Net Working Capital Calculation

Black Knight's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(12.2+0.75 * 150.4+0.5 * 0-3210.7
-0-47.6)/155.93
=-20.09

Black Knight's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(94.1+0.75 * 127.8+0.5 * 0-1297.6
-0-0)/156.76
=-7.07

* 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.


Black Knight  (NYSE:BKI) 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.


Black Knight Net-Net Working Capital Related Terms

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


Black Knight (Black Knight) Business Description

Traded in Other Exchanges
N/A
Address
601 Riverside Avenue, Jacksonville, FL, USA, 32204
Black Knight Inc is a technology company that, through its subsidiaries, provides software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital markets industry. The company's product portfolio includes software solutions to support loan origination, processing and servicing, and data and analytics solutions such as automated valuation models, data integration, risk assessment, among others. Black Knight's business is organized in two segments: software solutions and data/analytics. The majority of revenue comes from the company's software solutions segment, and most of the company's revenue is earned in the United States.
Executives
Joseph M Otting director C/O CIT GROUP INC., 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Anthony M Jabbour officer: Chief Executive Officer 601 RIVERSIDE AVE, JACKSONVILLE FL 32204
Michele M Meyers officer: Chief Accounting Officer 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32207
John D Rood director 3020 HARTLEY ROAD SUITE 300, JACKSONVILLE FL 32257
Catherine Levinson Burke director C/O NCR CORPORATION, 864 SPRING STREET NW, ATLANTA GA 30308
Michael L Gravelle officer: Corp. Secretary & General Coun 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Kirk T Larsen officer: Chief Financial Officer 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Foley William P Ii director, officer: Chairman FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Richard N Massey director 900 S. SHACKLEFORD ROAD, SUITE 401, LITTLE ROCK AR 72211
Nancy L. Shanik director CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., CS119N, STAMFORD CT 06901
Shelley S Leonard officer: Chief Product & Digital Ofcr 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Joseph M Nackashi officer: President LENDER PROCESSING SERVICES, INC., 601 RIVERSIDE AVE., JACKSONVILLE FL 32204
Anthony Orefice officer: Chief Operating Officer C/O BLACK KNIGHT FINANCIAL SERVICES, INC, 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Thomas J. Sanzone officer: Chief Executive Officer BLACK KNIGHT FINANCIAL SERVICES, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Thl Equity Fund Vi Investors (bkfs-lm), Llc 10 percent owner C/O THOMAS H. LEE PARNTERS, L.P., 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110

Black Knight (Black Knight) Headlines

From GuruFocus