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Firstlogic (TSE:6037) Net-Net Working Capital : 円130.07 (As of Jan. 2024)


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What is Firstlogic 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.

Firstlogic's Net-Net Working Capital for the quarter that ended in Jan. 2024 was 円130.07.

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

TSE:6037's Price-to-Net-Net-Working-Capital is ranked better than
60.2% of 299 companies
in the Interactive Media industry
Industry Median: 5.55 vs TSE:6037: 3.87

Firstlogic Net-Net Working Capital Historical Data

The historical data trend for Firstlogic'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.

Firstlogic Net-Net Working Capital Chart

Firstlogic Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 119.98 143.02 154.65 182.61 209.32

Firstlogic Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 194.97 200.13 209.32 212.49 130.07

Competitive Comparison of Firstlogic's Net-Net Working Capital

For the Internet Content & Information subindustry, Firstlogic'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.


Firstlogic's Price-to-Net-Net-Working-Capital Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Firstlogic's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Firstlogic Net-Net Working Capital Calculation

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

Net-Net Working Capital(A: Jul. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4780.169+0.75 * 328.422+0.5 * 0-498.793
-0-0)/21.6306
=209.32

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

Net-Net Working Capital(Q: Jan. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3035.099+0.75 * 330.666+0.5 * 0-469.648
-0-0)/21.6306
=130.07

* 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.


Firstlogic  (TSE:6037) 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.


Firstlogic Net-Net Working Capital Related Terms

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Firstlogic (TSE:6037) Business Description

Traded in Other Exchanges
N/A
Address
No. 16 Sumitomo Hamamatsucho Building, 8th floor, Hamamatsu-cho 1-chome 18th Minato-ku, Yubinbango, Tokyo, JPN, 105-0013
Firstlogic Inc operates real estate investment portal site. The Company offers services to professional, learner of real estate investment, people looking for real estate and the sale of real estate.

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