Mad Paws Holdings (ASX:MPA) Net-Net Working Capital : A$-0.03 (As of Dec. 2023)

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What is Mad Paws 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.

Mad Paws Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was A$-0.03.

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

ASX:MPA's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Personal Services industry.
Industry Median: 5.97
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Mad Paws Holdings Net-Net Working Capital Historical Data

The historical data trend for Mad Paws 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.

Mad Paws Holdings Net-Net Working Capital Chart

Mad Paws Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Net-Net Working Capital

0.08

0.04

-0.01

-0.03

Mad Paws Holdings Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net-Net Working Capital	Get a 7-Day Free Trial			0.02	-0.01	-0.02	-0.03	-0.03

Competitive Comparison of Mad Paws Holdings's Net-Net Working Capital

For the Personal Services subindustry, Mad Paws 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.

Mad Paws Holdings's Price-to-Net-Net-Working-Capital Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Mad Paws Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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

Mad Paws Holdings Net-Net Working Capital Calculation

Mad Paws Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2023 is calculated as

	Net-Net Working Capital		(A: Jun. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3.087	+	0.75 * 0.14	+	0.5 * 1.493	-	13.275
-	0	-	0)	/	351.663
=	-0.03

Mad Paws 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)
=	(3.581	+	0.75 * 0.362	+	0.5 * 1.916	-	15.58
-	0	-	0)	/	356.041
=	-0.03

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.

Mad Paws Holdings (ASX:MPA) 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.

Mad Paws Holdings Net-Net Working Capital Related Terms

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Mad Paws Holdings (ASX:MPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mad Paws Holdings Ltd (ASX:MPA) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

126-130 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.madpaws.com.au

Mad Paws Holdings Ltd is an Australian-based pet services business whose primary activity is the operation of a pet care services online marketplace. The Mad Paws marketplace matches and connects pet owners seeking pet care services, such as pet sitting, walking, daycare, and grooming, with pet sitters, walkers, and other pet service providers registered on the marketplace. The company operates in two segments, marketplace, and E-commerce & subscription. The majority of revenue is derived from e-commerce & subscription segments.