IOTR (iOThree) Net-Net Working Capital: $-0.11 (As of Mar. 2026)

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IOTR iOThree Ltd IOTR
14 GF Score
Price $2.66
! 1 Warning Sign
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What is iOThree Net-Net Working Capital?

iOThree IOTR -1.50% 14 Net-Net Working Capital is $-0.11 as of Mar. 2026. GuruFocus rates IOTR with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 55 Telecommunication Services companies, iOThree ranks worse than 1818180% on this metric.

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.

iOThree's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-0.11.

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

IOTR's Price-to-Net-Net-Working-Capital is not ranked *
in the Telecommunication Services industry.
Industry Median: 9.68
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

iOThree  (NAS:IOTR) 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.


iOThree Net-Net Working Capital Related Terms


iOThree Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for iOThree'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.

iOThree Net-Net Working Capital Chart

iOThree Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Net-Net Working Capital
-0.22 -0.39 -0.67 -0.83 -0.11

iOThree Semi-Annual Data
Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only -0.67 -0.67 -0.83 -0.82 -0.11

IOTR vs FNGR, ATGN, KTEL: Net-Net Working Capital Comparison

For the Telecom Services subindustry, iOThree'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.


iOThree Price-to-Net-Net-Working-Capital vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, iOThree's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


IOTR
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iOThree Ltd IOTR
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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iOThree Net-Net Working Capital Calculation

iOThree's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2026 is calculated as

Net-Net Working Capital(A: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.121+0.75 * 1.092+0.5 * 1.228-4.015
-0-0)/4.128
=-0.11

iOThree's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.121+0.75 * 1.092+0.5 * 1.228-4.015
-0-0)/4.128
=-0.11

* 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.

What does a Net-Net Working Capital of $-0.11 mean?
iOThree (IOTR) has a Net-Net Working Capital of $-0.11 as of Mar. 2026. 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 iOThree According to the industry distribution chart, iOThree ranks #999999 out of 55 companies in the Telecommunication Services industry.
Is iOThree's Net-Net Working Capital too high?
iOThree's current Net-Net Working Capital is $-0.11. Based on the distribution chart, iOThree ranks #999999 out of 55 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, iOThree has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does iOThree's Net-Net Working Capital compare to FNGR and ATGN?
According to the Telecommunication Services industry distribution chart, iOThree ranks #999999 out of 55 companies for Net-Net Working Capital. This places iOThree in the lower half of its industry. The industry median Net-Net Working Capital is 9.68. 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 Telecommunication Services company?
The median Net-Net Working Capital among Telecommunication Services companies is 9.68, based on 55 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 iOThree For the Telecommunication Services industry, the median Net-Net Working Capital is 9.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iOThree's current Net-Net Working Capital is $-0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iOThree stock overvalued right now?
iOThree (IOTR) has a current Net-Net Working Capital of $-0.11. The current Net-Net Working Capital is $-0.11. iOThree's overall GF Score™ is 14/100 with 1 warning sign to review. 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 iOThree (IOTR), the current Net-Net Working Capital is $-0.11 as of Mar. 2026. 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.

iOThree Business Description

Address 140 Paya Lebar Road, No. 07-02, AZ at Paya Lebar, Singapore, SGP, 409015
Website https://io3.sg
iOThree Ltd is a provider of maritime digital technologies, including satellite connectivity and digitalization solutions in Singapore, focused on facilitating the maritime industry towards digital transformation. It offers shipboard infrastructure to customers by designing and installing the necessary satellite connectivity solution, IT equipment, shipboard equipment (such as equipment relating to navigation systems, automatic identification system, etc.), and JARVISS, a digitalization platform on the vessels of customers. The group's operating segments are: Satellite connectivity solution, which generates key revenue, and Digitalization and other solution. Geographically, it generates maximum revenue from Singapore, and rest from Israel, Malaysia, Vietnam, Thailand, and other regions.
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