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Fossil Group (Fossil Group) Net-Net Working Capital : $-6.37 (As of Dec. 2023)


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What is Fossil Group 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.

Fossil Group's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-6.37.

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

FOSL's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Cyclical industry.
Industry Median: 6.235
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Fossil Group Net-Net Working Capital Historical Data

The historical data trend for Fossil Group'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.

Fossil Group Net-Net Working Capital Chart

Fossil Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.84 -7.68 -5.44 -5.51 -6.37

Fossil Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -5.51 -5.69 -6.06 -6.81 -6.37

Competitive Comparison of Fossil Group's Net-Net Working Capital

For the Luxury Goods subindustry, Fossil Group'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.


Fossil Group's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fossil Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Fossil Group Net-Net Working Capital Calculation

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

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(117.197+0.75 * 187.942+0.5 * 262.591-726.292
-0--2.494)/52.487
=-6.37

Fossil Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(117.197+0.75 * 187.942+0.5 * 262.591-726.292
-0--2.494)/52.487
=-6.37

* 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.


Fossil Group  (NAS:FOSL) 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.


Fossil Group Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Fossil Group's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Fossil Group (Fossil Group) Business Description

Traded in Other Exchanges
Address
901 S. Central Expressway, Richardson, TX, USA, 75080
Fossil Group Inc is a design, innovation and distribution company in consumer fashion accessories. The products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. The reportable segments are comprised of 1) Americas segment includes sales in Canada, Latin America and the United States. 2) Europe segment includes sales in European countries, the Middle East and Africa. 3) Asia segment includes sales in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. Each reportable operating segment includes sales to wholesale and distributor customers, and sales through Company-owned retail stores and e-commerce activities based on the location of the selling entity.
Executives
Suzanne M Coulter director 6301 FITCH PATH, NEW ALBANY OH 43054
Kosta N Kartsotis director, 10 percent owner, officer: Pres. & CEO 901 S. CENTRAL EXPRESSWAY, RICHARDSON TX 75080
Diane L Neal director
Melissa B Lowenkron officer: SVP, General Manager, Fossil 901 S CENTRAL EXPY, RICHARDSON TX 75080
Holly Briedis officer: EVP, Chief Digital Officer 901 S CENTRAL EXPY, RICHARDSON TX 75080
Gregory A Mckelvey officer: Executive Vice President 2515 MCKINNEY AVE., SUITE 1200, DALLAS TX 75201
Darren E. Hart officer: Executive Vice President 2280 N. GREENVILLE AVENUE, RICHARDSON TX 75082
Steve Andrew Evans officer: Executive Vice President 901 S. CENTRAL EXPRESSWAY, RICHARDSON TX 75080
Gail B Tifford director 901 S. CENTRAL EXPRESSWAY, RICHARDSON TX 75134
Marc Rey director 901 S. CENTRAL EXPRESSWAY, RICHARDSON TX 75080
Sunil M Doshi officer: SVP, Chief Accounting Officer 5760 STATE HIGHWAY 121, SUITE 250, PLANO TX 75024
Martin Frey officer: EVP 901 S. CENTRAL EXPRESSWAY, RICHARDSON TX 75080
William B Chiasson director C/O LEAPFROG ENTERPRISES, INC., 6401 HOLLIS STREET, SUITE 150, EMERYVILLE CA 94608
Kim Harris Jones director THREE LAKES DRIVE, NORTHFIELD IL 60093
Kevin Mansell director C/O KOHLS LEGAL, N56 W170000 RIDGEWOOD DR, MENOMONEE FALLS WI 53051