Ultrapay Limited (ASX:ULT) Net-Net Working Capital : A$-0.05 (As of Dec. 2006)

Ultrapay Limited Net-Net Working Capital Chart

Ultrapay Limited Annual Data
	Trend	Jun97	Jun98	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06
Net-Net Working Capital		Get a 7-Day Free Trial					-0.17	-0.09	-0.07	-0.08	-0.09

Ultrapay Limited Semi-Annual Data
	Dec96	Jun97	Dec98	Jun99	Dec99	Jun00	Dec00	Jun01	Dec01	Jun02	Dec02	Jun03	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06
Net-Net Working Capital	Get a 7-Day Free Trial														-0.05	-0.09	-0.03	-0.08	-0.05

Competitive Comparison of Ultrapay Limited's Net-Net Working Capital

For the Consumer Electronics subindustry, Ultrapay Limited'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.

Ultrapay Limited's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ultrapay Limited's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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

Ultrapay Limited Net-Net Working Capital Calculation

Ultrapay Limited's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2006 is calculated as

Ultrapay Limited's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2006 is calculated as

* 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.

Ultrapay Limited  (ASX:ULT) 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.

Ultrapay Limited Net-Net Working Capital Related Terms

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Ultrapay Limited (ASX:ULT) Business Description