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Plaid (PLDIF) Net-Net Working Capital : $0.19 (As of Dec. 2023)


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What is Plaid 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.

Plaid's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $0.19.

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

PLDIF's Price-to-Net-Net-Working-Capital is ranked worse than
77.64% of 1230 companies
in the Software industry
Industry Median: 7.28 vs PLDIF: 21.42

Plaid Net-Net Working Capital Historical Data

The historical data trend for Plaid'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.

Plaid Net-Net Working Capital Chart

Plaid Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Net-Net Working Capital
Get a 7-Day Free Trial 0.16 0.26 0.61 0.31 0.16

Plaid Quarterly Data
Sep18 Sep19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.27 0.28 0.21 0.16 0.19

Competitive Comparison of Plaid's Net-Net Working Capital

For the Software - Application subindustry, Plaid'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.


Plaid's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, Plaid's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Plaid Net-Net Working Capital Calculation

Plaid's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2023 is calculated as

Net-Net Working Capital(A: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(25.888+0.75 * 6.632+0.5 * 0-23.474
-0-1.01)/39.3422
=0.16

Plaid's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(25.282+0.75 * 7.373+0.5 * 0-22.268
-0-0.795)/39.9002
=0.19

* 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.


Plaid  (OTCPK:PLDIF) 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.


Plaid Net-Net Working Capital Related Terms

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Plaid (PLDIF) Business Description

Industry
Traded in Other Exchanges
Address
6-10-1 Ginza, Ginza Six 10th Floor, FChuo-ku, Tokyo, JPN, 104-0061
Plaid Inc is engaged in providing cloud-based customer experience platform KARTE. It provides data analytics, development and operation of platform, media shopping tribe and other services.

Plaid (PLDIF) Headlines

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