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Double Standard (TSE:3925) Net-Net Working Capital : 円314.02 (As of Sep. 2024)


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What is Double Standard 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.

Double Standard's Net-Net Working Capital for the quarter that ended in Sep. 2024 was 円314.02.

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

TSE:3925's Price-to-Net-Net-Working-Capital is ranked better than
67.13% of 1214 companies
in the Software industry
Industry Median: 8.33 vs TSE:3925: 4.89

Double Standard Net-Net Working Capital Historical Data

The historical data trend for Double Standard'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.

Double Standard Net-Net Working Capital Chart

Double Standard Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 135.51 165.88 201.89 274.33 303.64

Double Standard Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 254.05 248.88 263.50 303.64 314.02

Competitive Comparison of Double Standard's Net-Net Working Capital

For the Information Technology Services subindustry, Double Standard'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.


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

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

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


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Double Standard Net-Net Working Capital Calculation

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

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4461.238+0.75 * 1009.432+0.5 * 30.407-1015.537
-0-113.984)/13.516
=303.64

Double Standard's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as

Net-Net Working Capital(Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4625.186+0.75 * 777.082+0.5 * 21.458-858.816
-0-115.677)/13.516
=314.02

* 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.


Double Standard  (TSE:3925) 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.


Double Standard Net-Net Working Capital Related Terms

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Double Standard Business Description

Traded in Other Exchanges
N/A
Address
3-3-3 Akasaka, 4th Floor, Sumitomo Life Akasaka Building, Minato-ku, Tokyo, JPN, 107-0052
Double Standard Inc is a business support company, engages in the generation and provision of enterprise big data. It also provides service planning and system development services using technology developed in the data generation process. The company operates through two business divisions: Big Data related business and the Services Planning Development business. The Big Data related business mainly provides customers the data related to the operation support and business reduction, as well as the high utilization value content, among others. The Services Planning Development business mainly provides services based on the research of the way of customer and enterprise business process, using the information collection, processing and matching, as well as the data cleansing technology.

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