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Emerson Radio (Emerson Radio) Net-Net Working Capital : $0.92 (As of Dec. 2023)


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What is Emerson Radio 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.

Emerson Radio's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $0.92.

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

MSN's Price-to-Net-Net-Working-Capital is ranked better than
98.69% of 1222 companies
in the Hardware industry
Industry Median: 6.5 vs MSN: 0.60

Emerson Radio Net-Net Working Capital Historical Data

The historical data trend for Emerson Radio'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.

Emerson Radio Net-Net Working Capital Chart

Emerson Radio Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 1.37 1.19 1.00 0.89

Emerson Radio Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.91 0.89 0.88 0.93 0.92

Competitive Comparison of Emerson Radio's Net-Net Working Capital

For the Consumer Electronics subindustry, Emerson Radio'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.


Emerson Radio's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Emerson Radio's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Emerson Radio Net-Net Working Capital Calculation

Emerson Radio'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)
=(25.268+0.75 * 1.165+0.5 * 3.813-5.912
-3.31-0)/21.0427
=0.89

Emerson Radio's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(22.142+0.75 * 1.087+0.5 * 5.761-3.114
-3.31-0)/21.0427
=0.92

* 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.


Emerson Radio  (AMEX:MSN) 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.


Emerson Radio Net-Net Working Capital Related Terms

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


Emerson Radio (Emerson Radio) Business Description

Traded in Other Exchanges
N/A
Address
959 Route 46 East, Suite 210, Parsippany, NJ, USA, 07054
Emerson Radio Corp operates in the consumer electronics industry. The company designs, sources, imports, and markets a variety of houseware and consumer electronic products, and licenses the Emerson trademark domestically and internationally. Its products are offered to encompass televisions, digital versatile disc players and video cassette recorders, audio accessories, microwave ovens, home theatres, high-end audio products, office products, mobile stereo, and wireless products. geographically, it derives a majority of its revenue from the United States.
Executives
Richard Li officer: Chief Financial Officer C/O EMERSON RADIO CORP., 35 WATERVIEW BLVD., SUITE 140, PARSIPPANY NJ 07054
Omen Charm Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Bingzhao Tan 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Guichai He 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Ocean Rose Global Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Wealth Warrior Global Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Praisewise Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Merchant Link Holdings Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Splendid Brilliance (ptc) Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Aurizon Enterprises Ltd 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Rise Vision Global Ltd director, 10 percent owner UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Ho Wing On Christopher director 146 ROBINSON ROAD, #01-01, SINGAPORE U0 068909
Kin S Yuen director C/O EMERSON RADIO CORP., 3 UNIVERSITY PLAZA, SUITE 405, HACKENSACK NJ 07601
Accolade (ptc) Inc. 10 percent owner C/O 12TH FLOOR, THE GRANDE BUILDING, 398 KWUN TONG ROAD, KOWLOON K3 NONE
Ho Family Trust 10 percent owner 146 ROBINSON ROAD, #01-01, SINGAPORE U0 068909

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