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Hope (TSE:6195) Net-Net Working Capital : 円24.66 (As of Sep. 2024)


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What is Hope 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.

Hope's Net-Net Working Capital for the quarter that ended in Sep. 2024 was 円24.66.

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

TSE:6195's Price-to-Net-Net-Working-Capital is ranked worse than
66% of 350 companies
in the Media - Diversified industry
Industry Median: 5.255 vs TSE:6195: 8.68

Hope Net-Net Working Capital Historical Data

The historical data trend for Hope'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.

Hope Net-Net Working Capital Chart

Hope Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Mar23 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only -107.36 -166.94 -750.01 16.71 28.94

Hope 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 16.69 23.60 30.43 28.94 24.66

Competitive Comparison of Hope's Net-Net Working Capital

For the Advertising Agencies subindustry, Hope'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.


Hope's Price-to-Net-Net-Working-Capital Distribution in the Media - Diversified Industry

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

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


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Hope Net-Net Working Capital Calculation

Hope'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)
=(1023.202+0.75 * 360.91+0.5 * 326.176-981.313
-0-0)/16.434
=28.94

Hope'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)
=(937.181+0.75 * 252.41+0.5 * 432.777-947.699
-0-0)/16.024
=24.66

* 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.


Hope  (TSE:6195) 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.


Hope Net-Net Working Capital Related Terms

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Hope Business Description

Traded in Other Exchanges
N/A
Address
1-14-5 Yakuin, 7th Floor, MG Yakuin Building, Fukuoka, JPN, 810-0022
Hope Inc provides services specialized for local governments to secure financial resources and reduce expenses. The company, along with its subsidiaries, operates in the following reportable segments; Advertising Business, Jichitai Works Business, and Others. A majority of its revenue is generated from the Advertising business, which involves purchasing advertising space on various media such as websites, newsletters, tax notices, etc., owned by local governments through bidding and selling it to private companies (smart resource services), collaborating with local governments to publish information booklets for residents (smart creation services), and offering financial resources consulting to local governments.

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