BLMZF (Harrison Global Holdings) Net-Net Working Capital: $-0.64 (As of Mar. 2025)

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What is Harrison Global Holdings Net-Net Working Capital?

Harrison Global Holdings BLMZF Net-Net Working Capital is $-0.64 as of Mar. 2025.

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.

Harrison Global Holdings's Net-Net Working Capital for the quarter that ended in Mar. 2025 was $-0.64.

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

BLMZF's Price-to-Net-Net-Working-Capital is not ranked *
in the Media - Diversified industry.
Industry Median: 4.45
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Harrison Global Holdings  (OTCPK:BLMZF) 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.


Harrison Global Holdings Net-Net Working Capital Related Terms


Harrison Global Holdings Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Harrison Global 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.

Harrison Global Holdings Net-Net Working Capital Chart

Harrison Global Holdings Annual Data
Trend Sep21 Sep22 Sep23 Sep24
Net-Net Working Capital
-0.19 -0.06 -0.08 -0.48

Harrison Global Holdings Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
Net-Net Working Capital Get a 7-Day Free Trial -0.41 -0.08 -0.87 -0.48 -0.64

BLMZF vs CMLSQ, NFLX, DIS: Net-Net Working Capital Comparison

For the Entertainment subindustry, Harrison Global 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.


Harrison Global Holdings Price-to-Net-Net-Working-Capital vs Media - Diversified Industry

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

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



Harrison Global Holdings Net-Net Working Capital Calculation

Harrison Global Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2024 is calculated as

Net-Net Working Capital(A: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.04+0.75 * 0.051+0.5 * 0-1.719
-0-0)/1.343
=-0.48

Harrison Global Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.475+0.75 * 0.04+0.5 * 0-1.444
-0-0)/1.465
=-0.64

* 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.

What does a Net-Net Working Capital of $-0.64 mean?
Harrison Global Holdings (BLMZF) has a Net-Net Working Capital of $-0.64 as of Mar. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Harrison Global Holdings
Is Harrison Global Holdings' Net-Net Working Capital too high?
Harrison Global Holdings' current Net-Net Working Capital is $-0.64.
How does Harrison Global Holdings' Net-Net Working Capital compare to CMLSQ and NFLX?
Harrison Global Holdings' Net-Net Working Capital of $-0.64 can be compared against companies in the Media - Diversified industry. The industry median Net-Net Working Capital is 4.45. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Media - Diversified company?
The median Net-Net Working Capital among Media - Diversified companies is 4.45, based on 383 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Harrison Global Holdings For the Media - Diversified industry, the median Net-Net Working Capital is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harrison Global Holdings's current Net-Net Working Capital is $-0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harrison Global Holdings stock overvalued right now?
Harrison Global Holdings (BLMZF) has a current Net-Net Working Capital of $-0.64. The current Net-Net Working Capital is $-0.64. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Harrison Global Holdings (BLMZF), the current Net-Net Working Capital is $-0.64 as of Mar. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Harrison Global Holdings Business Description

Address 4-5-19 Akasaka, Toyo Recording 1st Floor, Minato-ku, Tokyo, JPN
Harrison Global Holdings Inc Formerly BloomZ Inc operates as an audio-producing and voice actor managing company. The company provides audio production services and voice-acting educational services in Japan. The business lines of the company are the audio production business, the VTuber management business, and the voice actor workshop business. The audio production comprises producing audios for animations and video games using dubbing, BGM producing, and mixing techniques; the Vtuber management business creates motion-capture technology for streamers to provide the voice to stream real-time videos featuring human facial expressions and gestures; and the voice actor workshop provides practical voice acting services.