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Wotif.com Holdings (ASX:WTF) Net-Net Working Capital : A$-0.17 (As of Jun. 2014)


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What is Wotif.com Holdings 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.

Wotif.com Holdings's Net-Net Working Capital for the quarter that ended in Jun. 2014 was A$-0.17.

The industry rank for Wotif.com Holdings's Net-Net Working Capital or its related term are showing as below:

ASX:WTF's Price-to-Net-Net-Working-Capital is not ranked *
in the Interactive Media industry.
Industry Median: 5.55
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Wotif.com Holdings Net-Net Working Capital Historical Data

The historical data trend for Wotif.com Holdings'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.

Wotif.com Holdings Net-Net Working Capital Chart

Wotif.com Holdings Annual Data
Trend Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only -0.18 -0.15 -0.14 -0.17 -0.17

Wotif.com Holdings Semi-Annual Data
Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
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 -0.14 -0.14 -0.16 -0.13 -0.17

Competitive Comparison of Wotif.com Holdings's Net-Net Working Capital

For the Internet Content & Information subindustry, Wotif.com Holdings'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.


Wotif.com Holdings's Price-to-Net-Net-Working-Capital Distribution in the Interactive Media Industry

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

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



Wotif.com Holdings Net-Net Working Capital Calculation

Wotif.com Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2014 is calculated as

Net-Net Working Capital(A: Jun. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(91.082+0.75 * 0+0.5 * 0-127.091
-0-0)/213.044
=-0.17

Wotif.com Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2014 is calculated as

Net-Net Working Capital(Q: Jun. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(91.082+0.75 * 0+0.5 * 0-127.091
-0-0)/213.106
=-0.17

* 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.


Wotif.com Holdings  (ASX:WTF) 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.


Wotif.com Holdings Net-Net Working Capital Related Terms

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Wotif.com Holdings (ASX:WTF) Business Description

Traded in Other Exchanges
N/A
Address
Wotif.com Holdings Limited is a provider of online accommodation, activity and flight booking services in Australasia. The company represents over 19,600+ properties in more than 66 countries with its headquarters in Australia and offices in New Zealand, UK, Singapore, Thailand, Malaysia and Canada.

Wotif.com Holdings (ASX:WTF) Headlines

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