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Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Net-Net Working Capital : ₺2.29 (As of Mar. 2024)


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What is Hitit Bilgisayar Hizmetleri AS 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.

Hitit Bilgisayar Hizmetleri AS's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ₺2.29.

The industry rank for Hitit Bilgisayar Hizmetleri AS's Net-Net Working Capital or its related term are showing as below:

IST:HTTBT's Price-to-Net-Net-Working-Capital is ranked worse than
83.42% of 1224 companies
in the Software industry
Industry Median: 7.335 vs IST:HTTBT: 30.57

Hitit Bilgisayar Hizmetleri AS Net-Net Working Capital Historical Data

The historical data trend for Hitit Bilgisayar Hizmetleri AS'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.

Hitit Bilgisayar Hizmetleri AS Net-Net Working Capital Chart

Hitit Bilgisayar Hizmetleri AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial 0.13 0.15 -0.02 1.82 2.84

Hitit Bilgisayar Hizmetleri AS Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.81 2.10 2.06 2.84 2.29

Competitive Comparison of Hitit Bilgisayar Hizmetleri AS's Net-Net Working Capital

For the Software - Application subindustry, Hitit Bilgisayar Hizmetleri AS'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.


Hitit Bilgisayar Hizmetleri AS's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, Hitit Bilgisayar Hizmetleri AS's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Hitit Bilgisayar Hizmetleri AS's Price-to-Net-Net-Working-Capital falls into.



Hitit Bilgisayar Hizmetleri AS Net-Net Working Capital Calculation

Hitit Bilgisayar Hizmetleri AS'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)
=(465.312+0.75 * 173.238+0.5 * 0-232.625
-0-0)/127.5
=2.84

Hitit Bilgisayar Hizmetleri AS's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(391.41+0.75 * 217.825+0.5 * 0-262.891
-0-0)/127.5
=2.29

* 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.


Hitit Bilgisayar Hizmetleri AS  (IST:HTTBT) 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.


Hitit Bilgisayar Hizmetleri AS Net-Net Working Capital Related Terms

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Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Business Description

Traded in Other Exchanges
N/A
Address
Resitpasa Mah. Katar Cad. No: 4/1 Ari, Teknokent 2 Ic Kapi No: 601 34469, Maslak, Istanbul, TUR
Hitit Bilgisayar Hizmetleri AS is a provider of airline IT solutions intended to meet the needs of industry players in the travel industry. The company's solutions offer a comprehensive suite that covers the entire operational life-circle, web-based airline reservations and ticketing systems, schedule and crew planning through core passenger service and ground-handling needs, industrial-standard accounting, reporting tools, as well as complementing solutions such as loyalty, customer management, multiple sales and distribution channels.

Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Headlines

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