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Tatry Mountain Resorts AS (WAR:TMR) Net-Net Working Capital : zł-247.58 (As of Oct. 2024)


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What is Tatry Mountain Resorts AS 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.

Tatry Mountain Resorts AS's Net-Net Working Capital for the quarter that ended in Oct. 2024 was zł-247.58.

The industry rank for Tatry Mountain Resorts AS's Net-Net Working Capital or its related term are showing as below:

WAR:TMR's Price-to-Net-Net-Working-Capital is not ranked *
in the Travel & Leisure industry.
Industry Median: 7.79
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Tatry Mountain Resorts AS Net-Net Working Capital Historical Data

The historical data trend for Tatry Mountain Resorts AS'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.

Tatry Mountain Resorts AS Net-Net Working Capital Chart

Tatry Mountain Resorts AS Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -297.37 -315.02 -284.52 -305.49 -247.58

Tatry Mountain Resorts AS Semi-Annual Data
Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
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 -284.52 -306.32 -305.49 -295.24 -247.58

Competitive Comparison of Tatry Mountain Resorts AS's Net-Net Working Capital

For the Resorts & Casinos subindustry, Tatry Mountain Resorts AS'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.


Tatry Mountain Resorts AS's Price-to-Net-Net-Working-Capital Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tatry Mountain Resorts AS's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Tatry Mountain Resorts AS's Price-to-Net-Net-Working-Capital falls into.


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Tatry Mountain Resorts AS Net-Net Working Capital Calculation

Tatry Mountain Resorts AS's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Oct. 2024 is calculated as

Net-Net Working Capital(A: Oct. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(165.304+0.75 * 16.921+0.5 * 52.278-1865.308
-0--0.674)/6.707
=-247.58

Tatry Mountain Resorts AS's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2024 is calculated as

Net-Net Working Capital(Q: Oct. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(165.304+0.75 * 16.921+0.5 * 52.278-1865.308
-0--0.674)/6.707
=-247.58

* 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.


Tatry Mountain Resorts AS  (WAR:TMR) 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.


Tatry Mountain Resorts AS Net-Net Working Capital Related Terms

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Tatry Mountain Resorts AS Business Description

Traded in Other Exchanges
Address
Demanovska Dolina 72, Liptovsky Mikulas, SVK, 031 01
Tatry Mountain Resorts AS is engaged in the operation of mountain resorts and amusement parks and the provision of tourist services in Central and Eastern Europe with a portfolio including the mountain resorts, amusement parks, golf resorts and hotels in the region. The company's business is divided into seven main segments - Mountains Resorts; Leisure Parks; Golf; Dining; Sports Services and Stores; Hotels; and Real Estate. The company owns or leases and operates mountain resorts in the High and Low Tatras, the Czech Republic, the Polish Beskydy Mountains, and recently, Austria. The company also offers comprehensive additional services in resorts, such as restaurants, ski schools, sports shops and rental and service of ski equipment.

Tatry Mountain Resorts AS Headlines

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