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Piippo Oyj (OHEL:PIIPPO) Net-Net Working Capital : €-2.38 (As of Jun. 2021)


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What is Piippo Oyj 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.

Piippo Oyj's Net-Net Working Capital for the quarter that ended in Jun. 2021 was €-2.38.

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

OHEL:PIIPPO's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.16
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Piippo Oyj Net-Net Working Capital Historical Data

The historical data trend for Piippo Oyj'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.

Piippo Oyj Net-Net Working Capital Chart

Piippo Oyj Annual Data
Trend Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Sep22
Net-Net Working Capital
Get a 7-Day Free Trial -0.98 -3.06 -2.73 -2.12 -2.99

Piippo Oyj Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Sep22
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 -2.73 -2.10 -2.12 -2.38 -2.99

Competitive Comparison of Piippo Oyj's Net-Net Working Capital

For the Auto Parts subindustry, Piippo Oyj'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.


Piippo Oyj's Price-to-Net-Net-Working-Capital Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Piippo Oyj's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Piippo Oyj Net-Net Working Capital Calculation

Piippo Oyj's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2022 is calculated as

Net-Net Working Capital(A: Sep. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.255+0.75 * 2.568+0.5 * 8.883-13.493
-0-0)/1.29275
=-2.99

Piippo Oyj's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2021 is calculated as

Net-Net Working Capital(Q: Jun. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.304+0.75 * 4.847+0.5 * 6.341-10.184
-0-0)/1.29275
=-2.38

* 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.


Piippo Oyj  (OHEL:PIIPPO) 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.


Piippo Oyj Net-Net Working Capital Related Terms

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Piippo Oyj (OHEL:PIIPPO) Business Description

Traded in Other Exchanges
N/A
Address
Sysmajarventie 3, Outokumpu, FIN, 83500
Piippo Oyj operates in the agricultural twines, net wraps, synthetic ropes and yarns, cables and wires, among others.

Piippo Oyj (OHEL:PIIPPO) Headlines

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