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Marlin Global (NZSE:MLN) Net-Net Working Capital : NZ$0.02 (As of Jun. 2024)


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What is Marlin Global 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.

Marlin Global's Net-Net Working Capital for the quarter that ended in Jun. 2024 was NZ$0.02.

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

NZSE:MLN's Price-to-Net-Net-Working-Capital is ranked worse than
84.77% of 499 companies
in the Asset Management industry
Industry Median: 7.05 vs NZSE:MLN: 45.50

Marlin Global Net-Net Working Capital Historical Data

The historical data trend for Marlin Global'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.

Marlin Global Net-Net Working Capital Chart

Marlin Global Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 -0.01 - 0.03 0.02

Marlin Global Semi-Annual Data
Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.01 -0.01 - 0.03 0.02

Competitive Comparison of Marlin Global's Net-Net Working Capital

For the Asset Management subindustry, Marlin Global'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.


Marlin Global's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

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


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Marlin Global Net-Net Working Capital Calculation

Marlin Global's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2024 is calculated as

Net-Net Working Capital(A: Jun. 2024 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(7.18+0+0.75 * 0+0.5 * 0-2.529
-0-0)/216.584
=0.02

Marlin Global'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(7.18+0+0.75 * 0+0.5 * 0-2.529
-0-0)/216.584
=0.02

* 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.


Marlin Global  (NZSE:MLN) 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.


Marlin Global Net-Net Working Capital Related Terms

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Marlin Global Business Description

Traded in Other Exchanges
N/A
Address
67-73 Hurstmere Road, Level 1, Takapuna, Auckland, NTL, NZL, 0622
Marlin Global Ltd is an investment company that invests in growing companies based outside of New Zealand and Australia. The portfolio of the company is managed by Fisher Funds Management Limited. Its objective is to offer investors competitive returns through capital growth and dividends, and access to a diversified portfolio of investments through a single tax-efficient investment vehicle. The Company operates in a single operating segment which is international financial investment.

Marlin Global Headlines

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