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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.
Kore Group Holdings's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-5.85.
The industry rank for Kore Group Holdings's Net-Net Working Capital or its related term are showing as below:
The historical data trend for Kore Group 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.
Kore Group Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Net-Net Working Capital | - | -8.86 | -5.00 | -5.70 | -5.82 |
Kore Group Holdings Quarterly Data | ||||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Net-Net Working Capital | Get a 7-Day Free Trial | -5.76 | -5.16 | -5.24 | -5.82 | -5.85 |
For the Telecom Services subindustry, Kore Group 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.
For the Telecommunication Services industry and Communication Services sector, Kore Group Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Kore Group Holdings's Price-to-Net-Net-Working-Capital falls into.
Kore Group Holdings'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) | ||
= | (27.137 | + | 0.75 * 52.413 | + | 0.5 * 8.215 | - | 550.011 |
- | 0 | - | 0) | / | 82.3827 | ||
= | -5.82 |
Kore Group Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as
Net-Net Working Capital | (Q: Mar. 2024 ) | ||||||
= | (Cash, Cash Equivalents, Marketable Securities | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (23.025 | + | 0.75 * 54.749 | + | 0.5 * 7.605 | - | 554.282 |
- | 0 | - | 0) | / | 83.1968 | ||
= | -5.85 |
* 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.
Kore Group Holdings (NYSE:KORE) 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 Kore Group Holdings's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.
Romil Bahl | director, officer: Chief Executive Officer | 3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Jason Dietrich | officer: EVP, Chief Rev. Officer | 3 RAVINIA DRIVE NE, SUITE 500, ATLANTA GA 30346 |
Twilio Inc | 10 percent owner | 101 SPEAR STREET, SUITE 500, San Francisco CA 94105 |
Robert P Macinnis | director | C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022 |
Tomer Yosef-or | director | C/O ABRY BROADCAST PARTNERS, 111 HUNTINGTON AVE., 30TH FLOOR, BOSTON MA 02199 |
Kennedy Jack William Jr. | officer: See Remarks | 1871 ASPEN DR NE, ATLANTA GA 30345 |
Tushar K. Sachdev | officer: See Remarks | 600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339 |
Paul Holtz | officer: See Remarks | C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022 |
Wood River Capital, Llc | 10 percent owner | 4111 E. 37TH STREET N, WICHITA KS 67220 |
James E Geisler | director | 2087 BRIDGEPORT DR, LEXINGTON KY 40502 |
Paulett Eberhart | director | C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121 |
Mark A Neporent | director | C/O CERBERUS PARTNERS LP, 450 PARK AVENUE 28TH FLOOR, NEW YORK NY 10022 |
Louise P Winstone | officer: See Remarks | 3700 MANSELL RD., SUITE 300, ALPHARETTA GA 30022 |
R Michael Thurston | officer: See Remarks | 1170 PEACHTREE STREET, SUITE 900, ATLANTA GA 30309 |
Koch Industries Inc | 10 percent owner | 4111 EAST 37TH STREET NORTH, WICHITA KS 67220 |
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