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iGen Networks (iGen Networks) Net-Net Working Capital : $0.00 (As of Sep. 2023)


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What is iGen Networks 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.

iGen Networks's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $0.00.

The industry rank for iGen Networks's Net-Net Working Capital or its related term are showing as below:

IGEN's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.22
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

iGen Networks Net-Net Working Capital Historical Data

The historical data trend for iGen Networks'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.

iGen Networks Net-Net Working Capital Chart

iGen Networks Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 -0.02 - - -

iGen Networks Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of iGen Networks's Net-Net Working Capital

For the Software - Application subindustry, iGen Networks'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.


iGen Networks's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

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

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



iGen Networks Net-Net Working Capital Calculation

iGen Networks'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)
=(0+0.75 * 0.038+0.5 * 0.03-1.456
-0.142-0)/1890.26
=-0.00

iGen Networks's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0.033-1.455
-0.032-0)/2800.19
=-0.00

* 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.


iGen Networks  (OTCPK:IGEN) 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.


iGen Networks Net-Net Working Capital Related Terms

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iGen Networks (iGen Networks) Business Description

Traded in Other Exchanges
N/A
Address
31772 Casino Drive, Suite C, Lake Elsinore, CA, USA, 92530
iGen Networks Corp is engaged in the development and marketing of software services for the automotive industry. It has one reportable segment being Vehicle Tracking and Recovery Solutions. The company works with wireless carriers, hardware suppliers and software developers to provide direct and secure access to information on the vehicle and the driver's behavior. The software services are delivered from the AWS Cloud to the consumer and their families over the wireless networks and accessed from any mobile or desktop device. The software services are marketed to automotive dealers, financial institutions, and direct-to-consumer through various commercial and consumer brands. The company's brands include Nimbo Tracking, CU Trak, and Medallion GPS PRO.
Executives
Neil Gene Chan director, officer: CEO 1075 ST. DAVID STREET, VICTORIA A1 V8S 4Y7
Robert G Friedman director, 10 percent owner 510 EAST 80 STREET, NEW YORK NY 10075
Sierra Abel Israel Sr officer: VP/GM 28375 ROSTRATA AVE, LAKE ELSINORE CA 92532
Robert Nealon director 119 NORTH HENRY STREET, ALEXANDRIA VA 22314
Richard Allan Freeman director, officer: COO 361 WEST 20TH AVE, VANCOUVER A1 V5Y 2C5
Richard Gilbertson director, officer: Chief Financial Officer 408 WEST PALM AIRE DRIVE, POMPANO BEACH FL 33069
Chris Shade director 84283 - 5512 4TH STREET NW, CALGARY A0 T2K 1A9
Monty Ormsby director, officer: President 5605 INDIGO BAY WAY, LAS VEGAS NV 89131
Michael Grudman director, officer: CFO 104 - 838 W16TH AVE, VANCOUVER A1 V5Z 1T1