Partway Group (LSE:PTY) Net-Net Working Capital : £0.01 (As of Dec. 2023)

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What is Partway 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.

Partway Group's Net-Net Working Capital for the quarter that ended in Dec. 2023 was £0.01.

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

LSE:PTY's Price-to-Net-Net-Working-Capital is ranked better than
97.96% of 1224 companies
in the Software industry
Industry Median: 7.22 vs LSE:PTY: 0.83

Partway Group Net-Net Working Capital Historical Data

The historical data trend for Partway 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.

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Partway Group Net-Net Working Capital Chart

Partway Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net-Net Working Capital

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-0.02

-0.03

-0.04

0.01

Partway Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net-Net Working Capital	Get a 7-Day Free Trial															-0.03	-0.02	-0.04	-0.01	0.01

Competitive Comparison of Partway Group's Net-Net Working Capital

For the Information Technology Services subindustry, Partway 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.

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

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

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

Partway Group Net-Net Working Capital Calculation

Partway Group'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)
=	(1.495	+	0.75 * 0	+	0.5 * 0	-	0.28
-	0	-	0)	/	103.076
=	0.01

Partway Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

	Net-Net Working Capital		(Q: Dec. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.495	+	0.75 * 0	+	0.5 * 0	-	0.28
-	0	-	0)	/	103.076
=	0.01

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.

Partway Group (LSE:PTY) 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.

Partway Group Net-Net Working Capital Related Terms

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Partway Group (LSE:PTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Partway Group PLC (LSE:PTY) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

PTY.GB:UK

Address

32 Blackfriars Road, London, GBR, SE1 9PB

Website

https://www.partway.net

Partway Group PLC formerly Parity Group PLC provides professional recruitment, information technology solutions, and people development services to its clients. The company provides a range of recruitment and data and technology solutions to clients across the public and private sectors. The company provides recruitment services including predominately interim recruitment to a diverse range of clients delivered to central and local government within the public sector and retail, housing, utilities, and education in the private sector, and data and technology solutions including data consultancy services and business intelligence solutions. The company generates the majority of its revenue from geographical segments of the United Kingdom as compared to European Union, and Others.