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Sureserve Group (LSE:SUR) Net-Net Working Capital : £-0.11 (As of Mar. 2023)


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What is Sureserve 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.

Sureserve Group's Net-Net Working Capital for the quarter that ended in Mar. 2023 was £-0.11.

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

LSE:SUR's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.5
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sureserve Group Net-Net Working Capital Historical Data

The historical data trend for Sureserve 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.

Sureserve Group Net-Net Working Capital Chart

Sureserve Group Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.27 -0.20 -0.18 -0.17 -0.23

Sureserve Group Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
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 -0.10 -0.17 -0.15 -0.23 -0.11

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

For the Building Products & Equipment subindustry, Sureserve 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.


Sureserve Group's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sureserve Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Sureserve Group Net-Net Working Capital Calculation

Sureserve Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2022 is calculated as

Net-Net Working Capital(A: Sep. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(19.319+0.75 * 26.117+0.5 * 5.059-79.581
-0-0)/165.893
=-0.23

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

Net-Net Working Capital(Q: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(12.784+0.75 * 66.801+0.5 * 7.275-85.623
-0-0)/166.683
=-0.11

* 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.


Sureserve Group  (LSE:SUR) 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.


Sureserve Group Net-Net Working Capital Related Terms

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Sureserve Group (LSE:SUR) Business Description

Traded in Other Exchanges
N/A
Address
Crossways Business Park, Crossways Point 15, Victory Way, Dartford, Kent, GBR, DA2 6DT
Sureserve Group PLC is a compliance and energy support services group that performs critical functions in homes, and public and commercial buildings, with a focus on clients in the UK public sector and regulated markets. Its services are delivered through two divisions: Compliance and Energy Services. The Compliance segment is focused on gas, fire, electrics, air, water, and lifts where it contracts under framework agreements. The Energy Services offers services in the energy efficiency sector, including external, internal, and cavity wall insulation, loft insulation, gas central heating, boiler upgrades, and other renewable technologies. All revenue and profit of the company are derived from operations in the United Kingdom.

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