Sono Group NV (Sono Group NV) Net-Net Working Capital : $-0.85 (As of Jun. 2023)

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What is Sono Group NV 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.

Sono Group NV's Net-Net Working Capital for the quarter that ended in Jun. 2023 was $-0.85.

The industry rank for Sono Group NV's Net-Net Working Capital or its related term are showing as below:

SEVCF's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 8.195
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sono Group NV Net-Net Working Capital Historical Data

The historical data trend for Sono Group NV'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.

Sono Group NV Net-Net Working Capital Chart

Sono Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Net-Net Working Capital

-0.48

-0.23

1.15

-0.79

Sono Group NV Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Net-Net Working Capital	Get a 7-Day Free Trial							0.59	0.22	-0.46	-0.79	-0.85

Competitive Comparison of Sono Group NV's Net-Net Working Capital

For the Auto Manufacturers subindustry, Sono Group NV'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.

Sono Group NV's Price-to-Net-Net-Working-Capital Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sono Group NV's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Sono Group NV's Price-to-Net-Net-Working-Capital falls into.

Sono Group NV Net-Net Working Capital Calculation

Sono Group NV's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

	Net-Net Working Capital		(A: Dec. 2022 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(32.672	+	0.75 * 0.025	+	0.5 * 0.077	-	106.974
-	0	-	0)	/	93.9461
=	-0.79

Sono Group NV's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2023 is calculated as

	Net-Net Working Capital		(Q: Jun. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(10.322	+	0.75 * 0	+	0.5 * 0	-	103.028
-	0	-	0)	/	108.667
=	-0.85

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.

Sono Group NV (OTCPK:SEVCF) 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.

Sono Group NV Net-Net Working Capital Related Terms

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Sono Group NV (Sono Group NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sono Group NV (OTCPK:SEVCF) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

Waldmeisterstrasse 76, Munich, DEU, 80935

Website

https://www.sonomotors.com

Sono Group NV is engaged in the field of solar-powered electric mobility. With its proprietary solar technology, the company is able to integrate solar panels into a vehicle's bodywork, using energy captured from the sun to charge the vehicle's battery. The group is engaged in the design and development of its own first solar electric vehicle, the Sion. The company is also involved in process of integrating its solar technology with other manufacturers for different use cases, such as buses, trucks, camper vans, trains, and even boats, to accelerate the transition towards sustainable transportation.