GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MOGU Inc (NYSE:MOGU) » Definitions » Net-Net Working Capital

MOGU (MOGU) Net-Net Working Capital : $2.52 (As of Sep. 2023)


View and export this data going back to 2018. Start your Free Trial

What is MOGU 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.

MOGU's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $2.52.

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

MOGU's Price-to-Net-Net-Working-Capital is ranked better than
95.9% of 317 companies
in the Retail - Cyclical industry
Industry Median: 6.2 vs MOGU: 0.73

MOGU Net-Net Working Capital Historical Data

The historical data trend for MOGU'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.

MOGU Net-Net Working Capital Chart

MOGU Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial 15.63 10.02 7.64 4.90 3.77

MOGU Semi-Annual Data
Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 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 3.69 4.90 4.07 3.77 2.52

Competitive Comparison of MOGU's Net-Net Working Capital

For the Internet Retail subindustry, MOGU'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.


MOGU's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MOGU's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



MOGU Net-Net Working Capital Calculation

MOGU's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(81.562+0.75 * 0+0.5 * 0.021-45.682
-0-4.934)/8.21516
=3.77

MOGU'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)
=(64.379+0.75 * 0+0.5 * 0.015-39.963
-0-3.685)/8.21584
=2.52

* 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.


MOGU  (NYSE:MOGU) 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.


MOGU Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of MOGU's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


MOGU (MOGU) Business Description

Traded in Other Exchanges
N/A
Address
No. 77 Xueyuan Road, Huanglong Wanke Center, 23/F, Building No. G, Xihu District, Hangzhou, CHN, 310012
MOGU Inc is an online fashion and lifestyle destination in China. The company's online platform includes Mogu.com, Mogujie.com, and Meilishuo.com. Its platform allows people to discover and share fashion trends while fully enjoying the shopping experience. The company on its platform provides content related to fashion and lifestyle guides in various multi-media formats which include Live Video Broadcasts, Short-form Videos, Photography, and Online Review Community. The company derives revenues from within China.

MOGU (MOGU) Headlines

From GuruFocus

MOGU Files Annual Report on Form 20-F for Fiscal Year 2020

By Business Wire Business Wire 07-30-2020

US Market Indexes Close Lower Monday

By Julie Young Julie Young 12-17-2018

MOGU Inc. Announces Resignation of Chief Financial Officer

By Business Wire Business Wire 03-27-2020

MOGU Announces US$10 Million Share Repurchase Program

By Business Wire Business Wire 09-14-2020

MOGU Cancels Scheduled Earnings Call

By Business Wire Business Wire 12-20-2021

US Market Indexes Close Higher for a Second Day

By Julie Young Julie Young 12-27-2018