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SCOR SE (SCOR SE) Net-Net Working Capital : $-60.05 (As of Dec. 2023)


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What is SCOR SE 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.

SCOR SE's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-60.05.

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

SZCRF's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 4.555
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

SCOR SE Net-Net Working Capital Historical Data

The historical data trend for SCOR SE'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.

SCOR SE Net-Net Working Capital Chart

SCOR SE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -87.67 -95.14 7.75 -16.51 -60.05

SCOR SE Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 7.75 -121.37 -16.51 -43.34 -60.05

Competitive Comparison of SCOR SE's Net-Net Working Capital

For the Insurance - Reinsurance subindustry, SCOR SE'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.


SCOR SE's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, SCOR SE's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



SCOR SE Net-Net Working Capital Calculation

SCOR SE'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1791.712+21002.181+0.75 * 0+0.5 * 0-33537.623
-0-31.625)/179.429
=-60.05

SCOR SE'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1791.712+21002.181+0.75 * 0+0.5 * 0-33537.623
-0-31.625)/179.429
=-60.05

* 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.


SCOR SE  (OTCPK:SZCRF) 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.


SCOR SE Net-Net Working Capital Related Terms

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


SCOR SE (SCOR SE) Business Description

Address
5, avenue Kleber, Paris, FRA, 75116
Scor is the world's fifth-largest reinsurer selling non-life and life reinsurance. Scor global life insurers life insurance and annuities. In its co-insurance agreements Scor shares in premiums and claims of life insurance contracts that have been sold by a primary insurer. In its excess of loss agreements, Scor reimburses a primary insurer for claims that are filed above an agreed amount. Scor also sells property and casualty reinsurance in co-insurance and excess of loss. Historically Scor has been better in specialist lines and not as good in lines where there is a large potential for loss. Having recently grown in natural catastrophe book, standards of underwriting have not been good. The business has subsequently decided to move back to its historical roots.

SCOR SE (SCOR SE) Headlines

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