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Pop Culture Group Co (Pop Culture Group Co) Net-Net Working Capital : $0.67 (As of Dec. 2023)


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What is Pop Culture Group Co 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.

Pop Culture Group Co's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $0.67.

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

CPOP's Price-to-Net-Net-Working-Capital is ranked better than
73.92% of 372 companies
in the Media - Diversified industry
Industry Median: 4.73 vs CPOP: 2.22

Pop Culture Group Co Net-Net Working Capital Historical Data

The historical data trend for Pop Culture Group Co'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.

Pop Culture Group Co Net-Net Working Capital Chart

Pop Culture Group Co Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
Net-Net Working Capital
0.32 1.44 3.01 9.36 2.52

Pop Culture Group Co Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.12 9.36 3.62 2.52 0.67

Competitive Comparison of Pop Culture Group Co's Net-Net Working Capital

For the Entertainment subindustry, Pop Culture Group Co'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.


Pop Culture Group Co's Price-to-Net-Net-Working-Capital Distribution in the Media - Diversified Industry

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

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



Pop Culture Group Co Net-Net Working Capital Calculation

Pop Culture Group Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2023 is calculated as

Net-Net Working Capital(A: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.637+0.75 * 19.642+0.5 * 0-12.867
-0--0.557)/2.405
=2.52

Pop Culture Group Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.11+0.75 * 20.115+0.5 * 0-17.281
-0--0.694)/2.405
=0.67

* 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.


Pop Culture Group Co  (NAS:CPOP) 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.


Pop Culture Group Co Net-Net Working Capital Related Terms

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Pop Culture Group Co (Pop Culture Group Co) Business Description

Traded in Other Exchanges
N/A
Address
3rd Floor, No. 168 Fengqi Road, Jimei District, Fujian Province, Xiamen, CHN, 361008
Pop Culture Group Co Ltd hosts entertainment events, operates hip-hop-related online programs, and provides event planning and execution services and marketing services to corporate clients. It generates revenue from our Event Hosting business by providing sponsorship packages to advertisers in exchange for sponsorship fees and by selling tickets for those concerts.