Roma Green Finance (Roma Green Finance) Net-Net Working Capital : $-0.04 (As of Mar. 2023)

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What is Roma Green Finance 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.

Roma Green Finance's Net-Net Working Capital for the quarter that ended in Mar. 2023 was $-0.04.

The industry rank for Roma Green Finance's Net-Net Working Capital or its related term are showing as below:

ROMA's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Business Services industry.
Industry Median: 6.27
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Roma Green Finance Net-Net Working Capital Historical Data

The historical data trend for Roma Green Finance'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.

Roma Green Finance Net-Net Working Capital Chart

Roma Green Finance Annual Data

Trend

Mar21

Mar22

Mar23

Net-Net Working Capital

-0.01

-0.02

-0.04

Roma Green Finance Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23
Net-Net Working Capital	-0.01	-	-0.02	-0.04	-0.04

Competitive Comparison of Roma Green Finance's Net-Net Working Capital

For the Consulting Services subindustry, Roma Green Finance'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.

Roma Green Finance's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Roma Green Finance's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Roma Green Finance's Price-to-Net-Net-Working-Capital falls into.

Roma Green Finance Net-Net Working Capital Calculation

Roma Green Finance's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

	Net-Net Working Capital		(A: Mar. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.068	+	0.75 * 0.34	+	0.5 * 0	-	0.776
-	0	-	0)	/	10.4253
=	-0.04

Roma Green Finance's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2023 is calculated as

	Net-Net Working Capital		(Q: Mar. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.068	+	0.75 * 0.34	+	0.5 * 0	-	0.776
-	0	-	0)	/	10.4253
=	-0.04

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.

Roma Green Finance (NAS:ROMA) 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.

Roma Green Finance Net-Net Working Capital Related Terms

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Roma Green Finance (Roma Green Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Roma Green Finance Ltd (NAS:ROMA) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Fleming Road, Flat 605, 6 Floor, Tai Tung Building, Wanchai, Hong Kong, HKG

Website

http://www.romaesg.com

Roma Green Finance Ltd is principally engaged in the provision of ESG, corporate governance and risk management as well as sustainability and climate change-related advisory services. The company works closely with its clients to help them understand, identify, manage and overcome various business matters arising from such factors related to ESG, sustainability and climate change. it provides tailored-made sustainability solutions to meet the client's specific needs. Its mission is to provide its clients with a one-stop destination for high-quality and holistic sustainability and climate change-related consulting services to support a more sustainable, balanced and inclusive future for our clients' organizations and the world.

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