Pioneer Media Holdings (NEXX:PNER) Net-Net Working Capital : £0.00 (As of Feb. 2024)

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What is Pioneer Media Holdings 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.

Pioneer Media Holdings's Net-Net Working Capital for the quarter that ended in Feb. 2024 was £0.00.

The industry rank for Pioneer Media Holdings's Net-Net Working Capital or its related term are showing as below:

NEXX:PNER's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Asset Management industry.
Industry Median: 6.13
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Pioneer Media Holdings Net-Net Working Capital Historical Data

The historical data trend for Pioneer Media Holdings'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.

Pioneer Media Holdings Net-Net Working Capital Chart

Pioneer Media Holdings Annual Data

Trend

May19

May20

May21

May22

May23

Net-Net Working Capital

-0.01

0.01

Pioneer Media Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Net-Net Working Capital	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Pioneer Media Holdings's Net-Net Working Capital

For the Asset Management subindustry, Pioneer Media Holdings'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.

Pioneer Media Holdings's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pioneer Media Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Pioneer Media Holdings's Price-to-Net-Net-Working-Capital falls into.

Pioneer Media Holdings Net-Net Working Capital Calculation

Pioneer Media Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in May. 2023 is calculated as

	Net-Net Working Capital		(A: May. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.379	+	0.75 * 0.071	+	0.5 * 0	-	0.699
-	0	-	0)	/	76.8975
=	-0.00

Pioneer Media Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Feb. 2024 is calculated as

	Net-Net Working Capital		(Q: Feb. 2024 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.444	+	0.75 * 0.059	+	0.5 * 0	-	0.314
-	0	-	0)	/	83.8126
=	0.00

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.

Pioneer Media Holdings (NEXX:PNER) 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.

Pioneer Media Holdings Net-Net Working Capital Related Terms

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Pioneer Media Holdings (NEXX:PNER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Media Holdings Inc (NEXX:PNER) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

JPEG:Canada

Address

1055 Dunsmuir Street, Suite 3104, Four Bentall Center, P.O. Box 49091, Vancouver, BC, CAN, V7X 1G4

Website

https://www.pioneermedia.co

Pioneer Media Holdings Inc is an investment company whose primary objective is to invest its funds for purposes of generating returns from capital appreciation and investment income. It makes investments in gaming and eSport businesses. The company has a business presence in Canada, Singapore, the United Kingdom, and the United States of America.

Pioneer Media Holdings (NEXX:PNER) Headlines

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