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Zeda (STU:LJ0) Net-Net Working Capital : €-2.36 (As of Mar. 2025)


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What is Zeda 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.

Zeda's Net-Net Working Capital for the quarter that ended in Mar. 2025 was €-2.36.

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

STU:LJ0's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.73
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Zeda Net-Net Working Capital Historical Data

The historical data trend for Zeda'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.

Zeda Net-Net Working Capital Chart

Zeda Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Net-Net Working Capital
Get a 7-Day Free Trial -1.78 -2.45 -2.35 -2.48 -2.49

Zeda Semi-Annual Data
Sep19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -2.23 -2.48 -2.03 -2.49 -2.36

Competitive Comparison of Zeda's Net-Net Working Capital

For the Rental & Leasing Services subindustry, Zeda'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.


Zeda's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zeda's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Zeda Net-Net Working Capital Calculation

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

Net-Net Working Capital(A: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.104+0.75 * 68.78+0.5 * 49.755-538.38
-0-2.711)/186.226
=-2.49

Zeda's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(57.876+0.75 * 93.496+0.5 * 44.102-587.697
-0-3.041)/186.498
=-2.36

* 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.


Zeda  (STU:LJ0) 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.


Zeda Net-Net Working Capital Related Terms

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Zeda Business Description

Traded in Other Exchanges
Address
2 Sysie Road, Croydon, Johannesburg, GT, ZAF, 1691
Zeda Ltd operates in the car rental and full maintenance leasing industries. It offers integrated vehicle-based mobility solutions in Sub-Saharan Africa providing an integrated fleet leasing and car rental platform, with a full range of short-, medium- and long-term mobility solutions to a broad range of customers. It operates in two segments namely the Car rental business segment which provides short-term car rentals ranging from one day up to 12 months; and the Leasing Business segment which provides long-term fleet solutions longer than 12 months to corporate and public sector customers . The majority of revenue is derived from the car rental segment.

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