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Next Geosolutions Europe SpA (MIL:NXT) Net-Net Working Capital : €-0.27 (As of Jun. 2024)


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What is Next Geosolutions Europe 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.

Next Geosolutions Europe SpA's Net-Net Working Capital for the quarter that ended in Jun. 2024 was €-0.27.

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

MIL:NXT's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.6
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Next Geosolutions Europe SpA Net-Net Working Capital Historical Data

The historical data trend for Next Geosolutions Europe 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.

Next Geosolutions Europe SpA Net-Net Working Capital Chart

Next Geosolutions Europe SpA Annual Data
Trend Dec22 Dec23 Dec24
Net-Net Working Capital
-1.02 -1.56 -

Next Geosolutions Europe SpA Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24
Net-Net Working Capital -1.02 - -1.56 -0.27 -

Competitive Comparison of Next Geosolutions Europe SpA's Net-Net Working Capital

For the Oil & Gas Equipment & Services subindustry, Next Geosolutions Europe 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.


Next Geosolutions Europe SpA's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Next Geosolutions Europe SpA's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Next Geosolutions Europe SpA's Price-to-Net-Net-Working-Capital falls into.


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Next Geosolutions Europe SpA Net-Net Working Capital Calculation

Next Geosolutions Europe 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)
=(17.775+0.75 * 39.564+0.5 * 123.91-184.162
-0-0)/48.000
=-1.56

Next Geosolutions Europe SpA's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(27.244+0.75 * 41.212+0.5 * 34.341-88.336
-0-0.079)/48.000
=-0.27

* 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.


Next Geosolutions Europe SpA  (MIL:NXT) 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.


Next Geosolutions Europe SpA Net-Net Working Capital Related Terms

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Next Geosolutions Europe SpA Business Description

Traded in Other Exchanges
Address
Via S.Brigida, 39, Napoli, ITA, 80133
Next Geosolutions Europe SpA operates in the underwater survey sector, offering marine geoscience services to support the engineering and construction of infrastructures in the EMEA market in favor of companies operating mainly in the sectors of submarine electrical cables and energy renewables (in particular, wind energy) and, to a lesser extent, in the sector Offshore Oil&Gas. The Group operates in different geographical areas; in particular: in the area of the Mediterranean Sea, with particular reference to the area of the Eastern Mediterranean, the Baltic Sea, the North Sea, and the Eastern Atlantic Ocean.