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Zynga (ZNGA) Net-Net Working Capital : $-1.71 (As of Mar. 2022)


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What is Zynga 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.

Zynga's Net-Net Working Capital for the quarter that ended in Mar. 2022 was $-1.71.

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

ZNGA's Price-to-Net-Net-Working-Capital is not ranked *
in the Interactive Media industry.
Industry Median: 5.62
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Zynga Net-Net Working Capital Historical Data

The historical data trend for Zynga'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.

Zynga Net-Net Working Capital Chart

Zynga Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.12 -0.23 -1.41 -1.69

Zynga Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 -1.37 -1.30 -1.42 -1.69 -1.71

Competitive Comparison of Zynga's Net-Net Working Capital

For the Electronic Gaming & Multimedia subindustry, Zynga'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.


Zynga's Price-to-Net-Net-Working-Capital Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Zynga's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Zynga Net-Net Working Capital Calculation

Zynga'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)
=(1153+0.75 * 242.5+0.5 * 0-3247
-0-0)/1130.5
=-1.69

Zynga's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2022 is calculated as

Net-Net Working Capital(Q: Mar. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(836.5+0.75 * 233.4+0.5 * 0-2953.9
-0-0)/1137.28
=-1.71

* 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.


Zynga  (NAS:ZNGA) 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.


Zynga Net-Net Working Capital Related Terms

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Zynga (ZNGA) Business Description

Traded in Other Exchanges
N/A
Address
699 Eighth Street, San Francisco, CA, USA, 94103
Zynga Inc is a company that develops, markets, and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking sites, such as Facebook. Zynga generates revenue through mobile game downloads, in-games sales of virtual goods, and advertising services. Zynga's revenue is divided between Online game and Advertising and other, where Online game accounts for the vast majority of total revenue. The firm's top three games account for the majority of its online game revenue. The company invests in several game categories, such as Social Casino, including Zynga Poker; Casual, including Words With Friends; Action Strategy, including Empires & Allies; and Invest Express, including Farmville.
Executives
Ellen F Siminoff director 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Jeffrey Miles Ryan officer: Chief People Officer C/O ZYNGA INC. 699 8TH STREET SAN FRANCISCO CA 94103
James Gerard Griffin officer: Chief Financial Officer C/O ZYNGA INC. 699 8TH STREET SAN FRANCISCO CA 94103
Matthew S Bromberg officer: Chief Operating Officer C/O ZYNGA INC., 699 8TH STREET, SAN FRANCISCO CA 94103
Amy Marie Rawlings officer: Chief Accounting Officer C/O ZYNGA INC., 699 8TH STREET, SAN FRANCISCO CA 94103
Mark J Pincus director, 10 percent owner, officer: CEO, Chief Product Officer C/O ZYNGA INC., 699 EIGHTH STREET, SAN FRANCISCO CA 94103
Phuong Y. Phillips officer: Chief Legal Officer C/O ZYNGA INC. 699 8TH STREET SAN FRANCISCO CA 94103
Bernard Jin Kim officer: President of Publishing C/O MATCH GROUP, INC., 8750 N CENTRAL EXPRESSWAY, SUITE 1400, DALLAS TX 75231
Regina E Dugan director VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304
Frank D Gibeau director 699 8TH STREET, C/O ZYNGA INC., SAN FRANCISCO CA 94103
Jeffrey Buckley officer: Chief Accounting Officer C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Noel Bertram Watson director 400 1ST AVENUE, C/O TRIPADVISOR, INC., NEEDHAM MA 02494
William B Gordon director, 10 percent owner
Devang Shah officer: General Counsel, Sec. and VP 699 8TH STREET, SAN FRANCISCO CA 94103
Carol Mills Baldwin director 600 TELEPHONE AVENUE, MS#65, ANCHORAGE AK 99503