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Avesco Group (Avesco Group) Net-Net Working Capital : $-1.57 (As of Mar. 2016)


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What is Avesco Group 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.

Avesco Group's Net-Net Working Capital for the quarter that ended in Mar. 2016 was $-1.57.

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

AVGPF's Price-to-Net-Net-Working-Capital is not ranked *
in the Media - Diversified industry.
Industry Median: 4.8
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Avesco Group Net-Net Working Capital Historical Data

The historical data trend for Avesco Group'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.

Avesco Group Net-Net Working Capital Chart

Avesco Group Annual Data
Trend Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.30 -2.76 -0.06 -3.68 -2.70

Avesco Group Semi-Annual Data
Sep06 Mar07 Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16
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 -3.28 -3.68 -2.86 -2.67 -1.57

Competitive Comparison of Avesco Group's Net-Net Working Capital

For the Broadcasting subindustry, Avesco Group'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.


Avesco Group's Price-to-Net-Net-Working-Capital Distribution in the Media - Diversified Industry

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

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



Avesco Group Net-Net Working Capital Calculation

Avesco Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2015 is calculated as

Net-Net Working Capital(A: Sep. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(19.554+0.75 * 39.663+0.5 * 0.995-100.495
-0-0.166)/18.86
=-2.70

Avesco Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2016 is calculated as

Net-Net Working Capital(Q: Mar. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(32.715+0.75 * 44.534+0.5 * 1.436-96.696
-0-0.024)/19.08
=-1.57

* 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.


Avesco Group  (OTCPK:AVGPF) 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.


Avesco Group Net-Net Working Capital Related Terms

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Avesco Group (Avesco Group) Business Description

Traded in Other Exchanges
N/A
Address
Avesco Group PLC was incorporated on February 2, 1984. The Company provides services to the corporate presentation, entertainment and broadcast markets. Its operating business segments are Creative Technology, Full Service and Broadcast Services. The creative technology provides specialist AV services and equipment to the live events, broadcast and entertainment markets. The full service segment provides full technical support for conferences, sports, music, corporate and television programs. The broadcast services segment provides broadcast equipment, systems and services to the broadcast industry. The Company has operations in the United Kingdom, Mainland Europe, United States of America, and other part of the World.

Avesco Group (Avesco Group) Headlines

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