Interplay Entertainment (Interplay Entertainment) Net-Net Working Capital : $-0.03 (As of Mar. 2011)

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What is Interplay 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.

Interplay Entertainment's Net-Net Working Capital for the quarter that ended in Mar. 2011 was $-0.03.

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

IPLY's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Software industry.
Industry Median: 7.365
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Interplay Entertainment Net-Net Working Capital Historical Data

The historical data trend for Interplay 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.

Interplay Entertainment Net-Net Working Capital Chart

Interplay Entertainment Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Net-Net Working Capital

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-0.08

-0.02

-0.03

-0.02

Interplay Entertainment Quarterly Data
	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11
Net-Net Working Capital	Get a 7-Day Free Trial															-0.02	-0.02	-0.02	-0.02	-0.03

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

For the Software - Application subindustry, Interplay 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.

Interplay Entertainment's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

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

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

Interplay Entertainment Net-Net Working Capital Calculation

Interplay Entertainment's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2010 is calculated as

	Net-Net Working Capital		(A: Dec. 2010 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.003	+	0.75 * 0.199	+	0.5 * 0.01	-	3.134
-	0	-	0)	/	122.662
=	-0.02

Interplay Entertainment's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2011 is calculated as

	Net-Net Working Capital		(Q: Mar. 2011 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.004	+	0.75 * 0.132	+	0.5 * 0.011	-	3.416
-	0	-	0)	/	122.662
=	-0.03

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.

Interplay Entertainment (OTCPK:IPLY) 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.

Interplay Entertainment Net-Net Working Capital Related Terms

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