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Soges Group SpA (MIL:SOGES) Net-Net Working Capital : €-1.22 (As of Jun. 2024)


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What is Soges Group 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.

Soges Group SpA's Net-Net Working Capital for the quarter that ended in Jun. 2024 was €-1.22.

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

MIL:SOGES's Price-to-Net-Net-Working-Capital is not ranked *
in the Travel & Leisure industry.
Industry Median: 7.79
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Soges Group SpA Net-Net Working Capital Historical Data

The historical data trend for Soges Group 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.

Soges Group SpA Net-Net Working Capital Chart

Soges Group SpA Annual Data
Trend Dec22 Dec23 Dec24
Net-Net Working Capital
-1.14 -1.38 -2.99

Soges Group SpA Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24
Net-Net Working Capital -1.14 - -1.38 -1.22 -2.99

Competitive Comparison of Soges Group SpA's Net-Net Working Capital

For the Resorts & Casinos subindustry, Soges Group 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.


Soges Group SpA's Price-to-Net-Net-Working-Capital Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Soges Group SpA's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Soges Group SpA Net-Net Working Capital Calculation

Soges Group 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)
=(3.284+0.75 * 0.463+0.5 * 0.29-10.8
-0-0)/5.104
=-1.38

Soges Group 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)
=(3.658+0.75 * 0.832+0.5 * 0.281-10.66
-0-0)/5.104
=-1.22

* 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.


Soges Group SpA  (MIL:SOGES) 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.


Soges Group SpA Net-Net Working Capital Related Terms

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Soges Group SpA Business Description

Traded in Other Exchanges
N/A
Address
Via dei Caboto 49, Florence, ITA, 50127
Soges Group SpA is a company actively engaged in hotel and conference hospitality within prestigious structures. The Company's core business is therefore the acquisition of hotel management with the precise focus of optimizing economic results, repositioning the brand reputation and improving the operational performance of each individual structure that becomes part of the group.

Soges Group SpA Headlines

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