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Edge Technology (TSE:4268) Net-Net Working Capital : 円53.44 (As of Jan. 2024)


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What is Edge Technology 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.

Edge Technology's Net-Net Working Capital for the quarter that ended in Jan. 2024 was 円53.44.

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

TSE:4268's Price-to-Net-Net-Working-Capital is ranked worse than
64.5% of 1231 companies
in the Software industry
Industry Median: 7.1 vs TSE:4268: 11.38

Edge Technology Net-Net Working Capital Historical Data

The historical data trend for Edge Technology'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.

Edge Technology Net-Net Working Capital Chart

Edge Technology Annual Data
Trend Apr20 Apr21 Apr22 Apr23
Net-Net Working Capital
-1.67 1.24 31.35 48.63

Edge Technology Quarterly Data
Apr20 Apr21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.82 48.63 50.21 50.98 53.44

Competitive Comparison of Edge Technology's Net-Net Working Capital

For the Software - Infrastructure subindustry, Edge Technology'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.


Edge Technology's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

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

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



Edge Technology Net-Net Working Capital Calculation

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

Net-Net Working Capital(A: Apr. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(646.908+0.75 * 256.113+0.5 * 0.086-319.565
-0-0)/10.6824
=48.63

Edge Technology's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jan. 2024 is calculated as

Net-Net Working Capital(Q: Jan. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(629.667+0.75 * 324.227+0.5 * 0.084-299.378
-0-0)/10.7318
=53.44

* 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.


Edge Technology  (TSE:4268) 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.


Edge Technology Net-Net Working Capital Related Terms

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Edge Technology (TSE:4268) Business Description

Traded in Other Exchanges
N/A
Address
1-32-7 Kanda Sudacho, Cress Real Estate Kanda Building 5th Floor, Tokyo, JPN
Edge Technology Inc is engaged in the AI implementation support and big data analysis consulting business.

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