RegTech Open Project (LSE:RTOP) Net-Net Working Capital : £-0.11 (As of Dec. 2022)

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What is RegTech Open Project 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.

RegTech Open Project's Net-Net Working Capital for the quarter that ended in Dec. 2022 was £-0.11.

The industry rank for RegTech Open Project's Net-Net Working Capital or its related term are showing as below:

LSE:RTOP's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Software industry.
Industry Median: 7.21
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

RegTech Open Project Net-Net Working Capital Historical Data

The historical data trend for RegTech Open Project'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.

RegTech Open Project Net-Net Working Capital Chart

RegTech Open Project Annual Data

Trend

Dec20

Dec21

Net-Net Working Capital

-0.07

-0.09

RegTech Open Project Semi-Annual Data
	Dec20	Dec21	Dec22
Net-Net Working Capital	-0.07	-0.09	-0.11

Competitive Comparison of RegTech Open Project's Net-Net Working Capital

For the Software - Application subindustry, RegTech Open Project'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.

RegTech Open Project's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, RegTech Open Project's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where RegTech Open Project's Price-to-Net-Net-Working-Capital falls into.

RegTech Open Project Net-Net Working Capital Calculation

RegTech Open Project's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

	Net-Net Working Capital		(A: Dec. 2021 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.143	+	0.75 * 0.459	+	0.5 * 0	-	6.186
-	0	-	0)	/	60.000
=	-0.09

RegTech Open Project's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2022 is calculated as

	Net-Net Working Capital		(Q: Dec. 2022 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.003	+	0.75 * 0.434	+	0.5 * 0	-	7.216
-	0	-	0)	/	60.000
=	-0.11

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.

RegTech Open Project (LSE:RTOP) 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.

RegTech Open Project Net-Net Working Capital Related Terms

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RegTech Open Project (LSE:RTOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RegTech Open Project plc (LSE:RTOP) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

RM1:Germany

Address

107 Cheapside, 9th Floor, London, GBR, EC2V 6DN

Website

https://www.regtechopenproject.co.uk

RegTech Open Project plc is a technology business specialized in regtech that has developed the Orbit Open Platform, an award-winning proprietary software platform focused on OR, which helps its customers navigate an increasingly complex regulatory landscape, maintain a secure and stable operating environment, whilst improving compliance with applicable regulations and standards and reducing the risk of business disruptions. The Orbit Open Platform is a cloud-based SaaS solution that offers a suite of modules and features enabling businesses to achieve OR more efficiently and effectively. By leveraging the cloud, the Orbit Open Platform is able to offer flexibility, scalability, and easy access for businesses of all sizes, sectors and geographies.

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