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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.
Future Lifestyle Fashions's Net-Net Working Capital for the quarter that ended in Sep. 2022 was ₹-245.61.
The industry rank for Future Lifestyle Fashions's Net-Net Working Capital or its related term are showing as below:
NSE:FLFL's Price-to-Net-Net-Working-Capital is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.63 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Future Lifestyle Fashions (NSE:FLFL) 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.
Future Lifestyle Fashions Net-Net Working Capital Related Terms
Future Lifestyle Fashions Net-Net Working Capital Historical Data
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The historical data trend for Future Lifestyle Fashions'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.
Future Lifestyle Fashions Net-Net Working Capital Chart
NSE:FLFL vs VFC, LEVI, RL: Net-Net Working Capital Comparison
For the Apparel Manufacturing subindustry, Future Lifestyle Fashions'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.
Future Lifestyle Fashions Price-to-Net-Net-Working-Capital vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Future Lifestyle Fashions's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Future Lifestyle Fashions's Price-to-Net-Net-Working-Capital falls into.
* 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.
What does a Net-Net Working Capital of ₹-245.61 mean?
Future Lifestyle Fashions (NSE:FLFL) has a Net-Net Working Capital of ₹-245.61 as of Sep. 2022. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Future Lifestyle Fashions
Is Future Lifestyle Fashions' Net-Net Working Capital too high?
Future Lifestyle Fashions' current Net-Net Working Capital is ₹-245.61. Overall, Future Lifestyle Fashions has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Future Lifestyle Fashions' Net-Net Working Capital compare to VFC and LEVI?
Future Lifestyle Fashions' Net-Net Working Capital of ₹-245.61 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Net-Net Working Capital is 5.63. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Manufacturing - Apparel & Accessories company?
The median Net-Net Working Capital among Manufacturing - Apparel & Accessories companies is 5.63, based on 371 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Future Lifestyle Fashions For the Manufacturing - Apparel & Accessories industry, the median Net-Net Working Capital is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Future Lifestyle Fashions's current Net-Net Working Capital is ₹-245.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Lifestyle Fashions stock overvalued right now?
Future Lifestyle Fashions (NSE:FLFL) has a current Net-Net Working Capital of ₹-245.61. The current Net-Net Working Capital is ₹-245.61. Future Lifestyle Fashions' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Future Lifestyle Fashions (NSE:FLFL), the current Net-Net Working Capital is ₹-245.61 as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Future Lifestyle Fashions Ltd is an India based fashion company. The company's only reportable segment being the Branding, Manufacturing, Processing, Selling and Distribution of Fashion Products. Its portfolio of fashion brands that covers fashion categories, including formal menswear, casual wear, active or sportswear, ethnic wear, denim wear, footwear and accessories for men and women. The company's brand includes Lee Cooper, Scullers, Indigo Nation, John Miller, BARE casuals, Jealous 21, and others.
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