Phoenix Overseas (NSE:PHOGLOBAL) Net-Net Working Capital : ₹3.94 (As of Sep. 2024)

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What is Phoenix Overseas 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.

Phoenix Overseas's Net-Net Working Capital for the quarter that ended in Sep. 2024 was ₹3.94.

The industry rank for Phoenix Overseas's Net-Net Working Capital or its related term are showing as below:

NSE:PHOGLOBAL's Price-to-Net-Net-Working-Capital is ranked better than
50% of 50 companies
in the Industrial Distribution industry
Industry Median: 6.42 vs NSE:PHOGLOBAL: 6.26

Phoenix Overseas Net-Net Working Capital Historical Data

The historical data trend for Phoenix Overseas'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.

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Phoenix Overseas Net-Net Working Capital Chart

Phoenix Overseas Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Net-Net Working Capital

-6.97

-2.04

-8.88

-11.84

Phoenix Overseas Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Net-Net Working Capital	Get a 7-Day Free Trial			-2.04	-8.88	-	-11.84	3.94

Competitive Comparison of Phoenix Overseas's Net-Net Working Capital

For the Industrial Distribution subindustry, Phoenix Overseas'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.

Phoenix Overseas's Price-to-Net-Net-Working-Capital Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Phoenix Overseas's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Phoenix Overseas's Price-to-Net-Net-Working-Capital falls into.

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Phoenix Overseas Net-Net Working Capital Calculation

Phoenix Overseas's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

	Net-Net Working Capital		(A: Mar. 2024 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(85.869	+	0.75 * 474.03	+	0.5 * 288.987	-	814.971
-	0	-	0.041)	/	19.346
=	-11.84

Phoenix Overseas'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)
=	(416.971	+	0.75 * 108.144	+	0.5 * 247.411	-	545.51
-	0	-	0.032)	/	19.346
=	3.94

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.

Phoenix Overseas (NSE:PHOGLOBAL) 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.

Phoenix Overseas Net-Net Working Capital Related Terms

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Phoenix Overseas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Phoenix Overseas Ltd (NSE:PHOGLOBAL) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

13B Bidhan Sarani Amherst Street, Chanda Plaza 4th Floor, Kolkata, WB, IND, 700006

Website

https://www.phxglobal.net

Phoenix Overseas Ltd is engaged into trading and marketing of animal feeds and agricultural produce and commodities such as corn, oil cakes, spices like dry red chilies, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soya bean meal and rice bran de-oiled cake. It exports are to Bangladesh among other Asian Countries. It is also engaged in manufacturing of bags for men and women made of jute, cotton, canvas, and leather as well as various other fashion accessories for buyers based in European Countries like France, Italy, Germany, UAE and also in Australia. The company include three segments: Fashion Accessories, Merchant Export and Cold storage. Key revenue is generated from Merchant Export.

Phoenix Overseas Headlines

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