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Auction Technology Group (LSE:ATG) Net-Net Working Capital : £-1.55 (As of Mar. 2024)


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What is Auction Technology Group 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.

Auction Technology Group's Net-Net Working Capital for the quarter that ended in Mar. 2024 was £-1.55.

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

LSE:ATG's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.325
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Auction Technology Group Net-Net Working Capital Historical Data

The historical data trend for Auction Technology Group'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.

Auction Technology Group Net-Net Working Capital Chart

Auction Technology Group Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Net-Net Working Capital
Get a 7-Day Free Trial -0.79 -2.20 -0.03 -1.74 -1.49

Auction Technology Group Semi-Annual Data
Sep18 Sep19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.54 -1.74 -1.61 -1.49 -1.55

Competitive Comparison of Auction Technology Group's Net-Net Working Capital

For the Software - Application subindustry, Auction Technology Group'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.


Auction Technology Group's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

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

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



Auction Technology Group Net-Net Working Capital Calculation

Auction Technology Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2023 is calculated as

Net-Net Working Capital(A: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6.097+0.75 * 12.598+0.5 * 0-196.079
-0-0)/121.491
=-1.49

Auction Technology Group'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)
=(5.604+0.75 * 20.182+0.5 * 0-209.746
-0-0)/121.737
=-1.55

* 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.


Auction Technology Group  (LSE:ATG) 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.


Auction Technology Group Net-Net Working Capital Related Terms

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Auction Technology Group (LSE:ATG) Business Description

Traded in Other Exchanges
Address
65 Southwark Street, The Harlequin Building, London, GBR, SE1 0HR
Auction Technology Group PLC is engaged in the provision of auction technology software and related services to auction houses and other customers. Its goal is to simplify and integrate multiple parts of the online auction process, from the cataloguing of items to marketing, auction hosting, bidding and recent payment solutions. The group has four segments namely Arts and Antiques, Industrial and Commercial, Auction services, and Content. The majority of revenue is generated from Art & Antiques segment. Geographically the company serves the United Kingdom, Germany, and USA, where the majority of revenue is generated from USA.

Auction Technology Group (LSE:ATG) Headlines

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