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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.
Insight Enterprises's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-46.44.
The industry rank for Insight Enterprises's Net-Net Working Capital or its related term are showing as below:
The historical data trend for Insight Enterprises'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.
Insight Enterprises Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net-Net Working Capital | Get a 7-Day Free Trial | -26.21 | -20.88 | -20.33 | -21.29 | -46.44 |
Insight Enterprises Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Net-Net Working Capital | Get a 7-Day Free Trial | -21.29 | -22.94 | -27.75 | -24.92 | -46.44 |
For the Electronics & Computer Distribution subindustry, Insight Enterprises'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 Hardware industry and Technology sector, Insight Enterprises's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Insight Enterprises's Price-to-Net-Net-Working-Capital falls into.
Insight Enterprises'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) | ||
= | (268.73 | + | 0.75 * 3568.29 | + | 0.5 * 184.605 | - | 4550.617 |
- | 0 | - | 0) | / | 32.59 | ||
= | -46.44 |
Insight Enterprises'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) | ||
= | (268.73 | + | 0.75 * 3568.29 | + | 0.5 * 184.605 | - | 4550.617 |
- | 0 | - | 0) | / | 32.59 | ||
= | -46.44 |
* 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.
Insight Enterprises (NAS:NSIT) 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 Insight Enterprises's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.
Valueact Capital Master Fund, L.p. | director, other: See Remarks | ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129 |
Samuel C Cowley | officer: SVP, Gen'l Counsel & Secretary | 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043 |
Timothy A Crown | director, officer: CEO, President | 6820 S HARL AVE, TEMPE AZ 85283 |
Adrian P Gregory | officer: President, EMEA | 2701 E INSIGHT WAY, CHANDLER AZ 85286 |
Rachael A Bertrandt | officer: Principal Accounting Officer | INSIGHT ENTEPRISES, INC., 2701 E INSIGHT WAY, CHANDLER AZ 85286 |
Glynis Bryan | officer: CFO | 5500 WAYZATA BOULEVARD, SUITE 600, GOLDEN VALLEY MN 55416 |
Kathleen S Pushor | director | 8575 E VOLTAIRE AVE, SCOTTSDALE AZ 85260 |
Daniel Burger | officer: President INA | 6820 S HARL AVENUE, TEMPE AZ 85283 |
Sumana Nallapati | officer: Chief Information Officer | 6820 S HARL AVENUE, TEMPE AZ 85283 |
Jennifer M Vasin | officer: Chief Human Resources Officer | 2701 E INSIGHT WAY, CHANDLER AZ 85286 |
Valueact Capital Management, Llc | director, other: See Remarks | ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129 |
Alexander L. Baum | director | ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129 |
Valueact Capital Management, L.p. | director, other: See Remarks | ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129 |
Valueact Holdings, L.p. | director, other: See Remarks | ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129 |
Valueact Holdings Gp, Llc | director, other: See Remarks | ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129 |
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