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LU-VE SpA (MIL:LUVE) Net-Net Working Capital : €-7.58 (As of Sep. 2024)


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What is LU-VE SpA 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.

LU-VE SpA's Net-Net Working Capital for the quarter that ended in Sep. 2024 was €-7.58.

The industry rank for LU-VE SpA's Net-Net Working Capital or its related term are showing as below:

MIL:LUVE's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.44
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

LU-VE SpA Net-Net Working Capital Historical Data

The historical data trend for LU-VE SpA'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.

LU-VE SpA Net-Net Working Capital Chart

LU-VE SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.89 -7.73 -8.36 -9.21 -8.34

LU-VE SpA Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -8.63 -8.34 -7.78 -8.14 -7.58

Competitive Comparison of LU-VE SpA's Net-Net Working Capital

For the Building Products & Equipment subindustry, LU-VE SpA'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.


LU-VE SpA's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

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

* The bar in red indicates where LU-VE SpA's Price-to-Net-Net-Working-Capital falls into.



LU-VE SpA Net-Net Working Capital Calculation

LU-VE SpA'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)
=(255.346+0.75 * 87.79+0.5 * 110.831-556.235
-0-5.554)/22.2063
=-8.34

LU-VE SpA's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as

Net-Net Working Capital(Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(249.058+0.75 * 105.284+0.5 * 113.66-547.343
-0-5.753)/22.2063
=-7.58

* 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.


LU-VE SpA  (MIL:LUVE) 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.


LU-VE SpA Net-Net Working Capital Related Terms

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LU-VE SpA Business Description

Industry
Traded in Other Exchanges
Address
Via Caduti della Liberazione, 53, Uboldo, Varese, ITA, 21040
LU-VE SpA manufactures and markets refrigeration and air conditioning products in Italy. Its products include commercial unit coolers, industrial unit coolers, air coolers, tubeless steel condensers, dry coolers, accessories, and special products. The company offers its products for industrial and commercial refrigeration, air conditioning, energy, power, industrial, and other applications. The company's segment includes Cooling Systems SBU and Components SBU. It generates maximum revenue from the Components SBU segment.

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