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Impax Asset Management Group (LSE:IPX) Net-Net Working Capital : £0.58 (As of Mar. 2025)


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What is Impax Asset Management 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.

Impax Asset Management Group's Net-Net Working Capital for the quarter that ended in Mar. 2025 was £0.58.

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

LSE:IPX's Price-to-Net-Net-Working-Capital is ranked better than
64.36% of 491 companies
in the Asset Management industry
Industry Median: 6.65 vs LSE:IPX: 3.09

Impax Asset Management Group Net-Net Working Capital Historical Data

The historical data trend for Impax Asset Management 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.

Impax Asset Management Group Net-Net Working Capital Chart

Impax Asset Management Group Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.20 0.46 0.44 0.50

Impax Asset Management Group Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 0.49 0.44 0.55 0.50 0.58

Competitive Comparison of Impax Asset Management Group's Net-Net Working Capital

For the Asset Management subindustry, Impax Asset Management 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.


Impax Asset Management Group's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Impax Asset Management Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Impax Asset Management Group's Price-to-Net-Net-Working-Capital falls into.


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Impax Asset Management Group Net-Net Working Capital Calculation

Impax Asset Management Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2024 is calculated as

Net-Net Working Capital(A: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(109.09+0.75 * 7.721+0.5 * 0-51.259
-0-0)/127.774
=0.50

Impax Asset Management Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(81.976+0.75 * 34.626+0.5 * 0-33.964
-0-0)/127.935
=0.58

* 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.


Impax Asset Management Group  (LSE:IPX) 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.


Impax Asset Management Group Net-Net Working Capital Related Terms

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Impax Asset Management Group Business Description

Traded in Other Exchanges
Address
30 Panton Street, 7th Floor, London, GBR, SW1Y 4AJ
Impax Asset Management Group PLC is an investment firm. It operates in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable economy. The Group is managed on an integrated basis and there is one reportable segment The company offers listed and private equity strategies to institutional clients, with assets under management and advice. Geographically, it derives a majority of revenue from North America and also has a presence in UK; France; Luxembourg; Netherlands; Ireland; Australia and other regions.

Impax Asset Management Group Headlines

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