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Victorian Plumbing Group (LSE:VIC) Net-Net Working Capital : £-0.12 (As of Mar. 2024)


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What is Victorian Plumbing 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.

Victorian Plumbing Group's Net-Net Working Capital for the quarter that ended in Mar. 2024 was £-0.12.

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

LSE:VIC's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Cyclical industry.
Industry Median: 6.03
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Victorian Plumbing Group Net-Net Working Capital Historical Data

The historical data trend for Victorian Plumbing 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.

Victorian Plumbing Group Net-Net Working Capital Chart

Victorian Plumbing Group Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Net-Net Working Capital
Get a 7-Day Free Trial -0.04 -0.06 - 0.04 0.05

Victorian Plumbing Group Semi-Annual Data
Sep18 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.01 0.04 0.03 0.05 -0.12

Competitive Comparison of Victorian Plumbing Group's Net-Net Working Capital

For the Home Improvement Retail subindustry, Victorian Plumbing 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.


Victorian Plumbing Group's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Victorian Plumbing Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Victorian Plumbing Group Net-Net Working Capital Calculation

Victorian Plumbing 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)
=(46.4+0.75 * 2.2+0.5 * 34.2-50.2
-0-0)/324.592
=0.05

Victorian Plumbing 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)
=(36.1+0.75 * 4.4+0.5 * 33.2-95
-0-0)/325.699
=-0.12

* 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.


Victorian Plumbing Group  (LSE:VIC) 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.


Victorian Plumbing Group Net-Net Working Capital Related Terms

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Victorian Plumbing Group (LSE:VIC) Business Description

Traded in Other Exchanges
Address
22 Grimrod Place, Skelmersdale, GBR, WN8 9UU
Victorian Plumbing Group PLC is an online retailer of bathroom products and accessories, offering a one-stop-shop solution for the entire bathroom. It offers a wide range of over 24,000 products to business to customer and trade customers, with more than 125 brands across a wide spectrum of price points and it also design and develops exclusive new products in-house.

Victorian Plumbing Group (LSE:VIC) Headlines

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