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Ekennis Software Service (BOM:543475) Net-Net Working Capital : ₹19.11 (As of Sep. 2023)


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What is Ekennis Software Service 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.

Ekennis Software Service's Net-Net Working Capital for the quarter that ended in Sep. 2023 was ₹19.11.

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

BOM:543475's Price-to-Net-Net-Working-Capital is ranked better than
57.59% of 1179 companies
in the Software industry
Industry Median: 7.66 vs BOM:543475: 5.78

Ekennis Software Service Net-Net Working Capital Historical Data

The historical data trend for Ekennis Software Service'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.

Ekennis Software Service Net-Net Working Capital Chart

Ekennis Software Service Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
-3.48 3.73 18.34 13.63

Ekennis Software Service Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Net-Net Working Capital Get a 7-Day Free Trial - 18.34 17.43 13.63 19.11

Competitive Comparison of Ekennis Software Service's Net-Net Working Capital

For the Information Technology Services subindustry, Ekennis Software Service'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.


Ekennis Software Service's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

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

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



Ekennis Software Service Net-Net Working Capital Calculation

Ekennis Software Service's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(26.842+0.75 * 2.918+0.5 * 2.402-11.152
-0-0)/1.4
=13.63

Ekennis Software Service's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(27.548+0.75 * 7.893+0.5 * 2.87-8.154
-0-0)/1.4
=19.11

* 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.


Ekennis Software Service  (BOM:543475) 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.


Ekennis Software Service Net-Net Working Capital Related Terms

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Ekennis Software Service (BOM:543475) Business Description

Traded in Other Exchanges
N/A
Address
No. 1&2 Second Floor, Neeladri Circle, Electronic City Phase-1, Dodathogur Village, Bangalore, KA, IND, 560100
Ekennis Software Service Ltd operates in the Information technology and Printing Industry. It is in the business of Software IT Solution and Consulting Services, IT Product / Software Development and Software Training, Enterprise Resource Planning solutions, Learning Management solutions, 3D Printing, Digital Printing and Packaging Design Management consultancy. The company generates majority of its revenue from Manpower Supply Services.

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