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Inspired Entertainment (Inspired Entertainment) Net-Net Working Capital : $-12.70 (As of Dec. 2023)


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What is Inspired Entertainment 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.

Inspired Entertainment's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-12.70.

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

INSE's Price-to-Net-Net-Working-Capital is not ranked *
in the Travel & Leisure industry.
Industry Median: 7.66
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Inspired Entertainment Net-Net Working Capital Historical Data

The historical data trend for Inspired Entertainment'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.

Inspired Entertainment Net-Net Working Capital Chart

Inspired Entertainment Annual Data
Trend Dec14 Dec15 Sep17 Sep18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only -14.89 -15.52 -12.76 -11.63 -12.70

Inspired Entertainment Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -11.63 -11.43 -11.74 -11.79 -12.70

Competitive Comparison of Inspired Entertainment's Net-Net Working Capital

For the Gambling subindustry, Inspired Entertainment'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.


Inspired Entertainment's Price-to-Net-Net-Working-Capital Distribution in the Travel & Leisure Industry

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

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



Inspired Entertainment Net-Net Working Capital Calculation

Inspired Entertainment's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(40+0.75 * 39.8+0.5 * 32.3-418.9
-0-0)/26.219
=-12.70

Inspired Entertainment'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)
=(40+0.75 * 39.8+0.5 * 32.3-418.9
-0-0)/26.219
=-12.70

* 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.


Inspired Entertainment  (NAS:INSE) 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.


Inspired Entertainment Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Inspired Entertainment's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Inspired Entertainment (Inspired Entertainment) Business Description

Traded in Other Exchanges
N/A
Address
250 West 57th Street, Suite 415, New York, NY, USA, 10107
Inspired Entertainment Inc is a gaming technology company based in the United States. Its core business involves the development of Virtual Sports and Server-Based Gaming systems with associated terminals and digital content to regulate betting, gaming, and lottery operators around the world. It operates through four segments namely Gaming; Virtual Sports; Interactive and Leisure. The company generates maximum revenue from the Gaming segment. Its Gaming segment supplies gaming terminals as well as gaming software and games for the terminals provided to betting offices, casinos, gaming halls, and high street adult gaming centers. Geographically, it derives a majority of revenue from the UK.
Executives
Michael R. Chambrello director C/O SCIENTIFIC GAMES CORPORATION, 750 LEXINGTON AVENUE, 25TH FLOOR, NEW YORK NY 10022
Andrew C Stone officer: See Remarks C/O INSPIRED ENTERTAINMENT, INC., 250 WEST 57TH STREET SUITE 415, NEW YORK NY 10107
Evan Wainhouse Davis 10 percent owner 15 EAST LEVERING MILL ROAD, BALA CYNWYD PA 19004
Katja Tautscher director BOREALIS AG, WAGRAMER STRASSE 17 TO 19, VIENNA C4 1220
Desiree G Rogers director C/O PINNACLE ENTERTAINMENT, INC., 3980 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
Marcus Alexander Hoye director RUNWAY EAST BUILDING, 10 FINSBURY SQUARE, LONDON X0 EC2A1AF
Steven M Saferin director C/O SCIENTIFIC GAMES INTERNATIONAL, INC., 1500 BLUEGRASS LAKES PARKWAY, ALPHARETTA, GA 30004
Brooks H Pierce officer: President and COO C/O SCIENTIFIC GAMES CORPORATION, 750 LEXINGTON AVENUE, NEW YORK, NY 10022
Carys Damon officer: General Counsel 250 WEST 57TH STREET SUITE 2223, NEW YORK NY 10107
Partners Llp Vitruvian 10 percent owner 105 WIGMORE STREET, LONDON X0 W1U 1QY
Luke Lyon Alvarez director, officer: Chief Executive Officer 4 PITMAN'S ALLEY, GIBRALTAR J1 GX11 1AA
Hg Vora Capital Management, Llc 10 percent owner 330 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10017
Vip I B L.p. 10 percent owner 105 WIGMORE STREET, LONDON X0 WIV IQY
John M Vandemore director 6355 S. BUFFALO DRIVE, LAS VEGAS NV 89521
Ira H Raphaelson director LAS VEGAS SANDS CORP., 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109

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