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Planet Payment (Planet Payment) Net-Net Working Capital : $0.13 (As of Sep. 2017)


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What is Planet Payment 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.

Planet Payment's Net-Net Working Capital for the quarter that ended in Sep. 2017 was $0.13.

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

PLPM's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.3
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Planet Payment Net-Net Working Capital Historical Data

The historical data trend for Planet Payment'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.

Planet Payment Net-Net Working Capital Chart

Planet Payment Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.09 0.10 -0.09

Planet Payment Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 Premium Member Only Premium Member Only Premium Member Only -0.16 -0.09 -0.04 0.02 0.13

Competitive Comparison of Planet Payment's Net-Net Working Capital

For the Software - Infrastructure subindustry, Planet Payment'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.


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

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

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



Planet Payment Net-Net Working Capital Calculation

Planet Payment's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2016 is calculated as

Net-Net Working Capital(A: Dec. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(13.306+0.75 * 6.061+0.5 * 0-22.322
-0.015-0)/49.291
=-0.09

Planet Payment's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2017 is calculated as

Net-Net Working Capital(Q: Sep. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(9.802+0.75 * 7.915+0.5 * 0-9.465
-0.015-0)/49.9714
=0.13

* 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.


Planet Payment  (NAS:PLPM) 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.


Planet Payment Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Planet Payment's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Planet Payment (Planet Payment) Business Description

Traded in Other Exchanges
N/A
Address
Planet Payment Inc is a provider of international payment and transaction processing and multi-currency processing services. It organizes its business operations through two segments: Multi Currency Processing Services and Payment Processing Services. Its service portfolio consists of payment processing, multi-currency processing, gateway, data analytics, and commercial transaction services. The company provides its services across the Asia-Pacific region, the Americas, the Middle East, Africa and Europe. It generates the majority of its revenue from Multi Currency Processing Services segment.
Executives
Carl J Williams director, officer: See Remarks 10 GLENLAKE PARKWAY, NORTH TOWER, ATLANTA GA 30189
Shane H. Kim director 500 E. PRATT STREET, SUITE 1200, BALTIMORE MD 21202
David L Warnock other: See Remarks 500 EAST PRATT STREET, SUITE 1200, BALTIMORE MD 21202
Jason Tagler other: See Remarks 500 EAST PRATT STREET, SUITE 1200, BALTIMORE MD 21202
Joseph T Sherman other: See Remarks 500 EAST PRATT STREET, SUITE 1200, BALTIMORE MD 21202
Camden Partners Strategic Fund Ii B Lp other: See Remarks
Camden Partners Strategic Ii Llc other: See Remarks
Camden Partners Strategic Fund Ii A Lp other: See Remarks
Camden Partners Strategic Manager, Llc other: See Remarks 500 E. PRATT STREET, SUITE 1200, BALTIMORE MD 21202
Camden Partners Strategic Iii, Llc other: See Remarks ONE SOUTH STREET, SUITE 2150, BALTIMORE MD 21202
Camden Partners Strategic Fund Iii-a Lp other: See Remarks
Camden Partners Strategic Fund Iii Lp other: See Remarks
Donald W Hughes other: See Remarks 500 EAST PRATT STREET, SUITE 1200, BALTIMORE MD 21202
Christopher W Kersey other: See Remarks 500 EAST PRATT STREET, SUITE 1200, BALTIMORE MD 21202
Philip D Beck director C/O PLANET PAYMENT, INC., 670 LONG BEACH BOULEVARD, LONG BEACH NY 11561

Planet Payment (Planet Payment) Headlines

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