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iFIT Health & Fitness (iFIT Health & Fitness) Net-Net Working Capital : $-1.10 (As of May. 2020)


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What is iFIT Health & Fitness 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.

iFIT Health & Fitness's Net-Net Working Capital for the quarter that ended in May. 2020 was $-1.10.

The industry rank for iFIT Health & Fitness's Net-Net Working Capital or its related term are showing as below:

IFIT's Price-to-Net-Net-Working-Capital is not ranked *
in the Travel & Leisure industry.
Industry Median: 7.81
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

iFIT Health & Fitness Net-Net Working Capital Historical Data

The historical data trend for iFIT Health & Fitness'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.

iFIT Health & Fitness Net-Net Working Capital Chart

iFIT Health & Fitness Annual Data
Trend May19 May20 May21
Net-Net Working Capital
- -1.10 -3.71

iFIT Health & Fitness Quarterly Data
May19 May20 May21
Net-Net Working Capital - -1.10 -3.71

Competitive Comparison of iFIT Health & Fitness's Net-Net Working Capital

For the Leisure subindustry, iFIT Health & Fitness'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.


iFIT Health & Fitness's Price-to-Net-Net-Working-Capital Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, iFIT Health & Fitness's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where iFIT Health & Fitness's Price-to-Net-Net-Working-Capital falls into.



iFIT Health & Fitness Net-Net Working Capital Calculation

iFIT Health & Fitness's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in May. 2021 is calculated as

Net-Net Working Capital(A: May. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(167.646+0.75 * 167.297+0.5 * 403.437-1662.725
-0-0)/314.891
=-3.71

iFIT Health & Fitness's Net-Net Working Capital (NNWC) per share for the quarter that ended in May. 2020 is calculated as

Net-Net Working Capital(Q: May. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(110.244+0.75 * 73.828+0.5 * 81.581-553.285
-0-0)/314.891
=-1.10

* 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.


iFIT Health & Fitness  (NAS:IFIT) 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.


iFIT Health & Fitness Net-Net Working Capital Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
1500 South 1000 West, Logan, UT, USA, 84321
iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.

iFIT Health & Fitness (iFIT Health & Fitness) Headlines