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AWN Holdings (ASX:AWN) Net-Net Working Capital : A$-0.98 (As of Jun. 2021)


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What is AWN Holdings 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.

AWN Holdings's Net-Net Working Capital for the quarter that ended in Jun. 2021 was A$-0.98.

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

ASX:AWN's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 6.54
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

AWN Holdings Net-Net Working Capital Historical Data

The historical data trend for AWN Holdings'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.

AWN Holdings Net-Net Working Capital Chart

AWN Holdings Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.17 -1.39 -1.34 -1.48 -0.98

AWN Holdings Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
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 -1.34 -1.35 -1.48 -1.27 -0.98

Competitive Comparison of AWN Holdings's Net-Net Working Capital

For the Utilities - Renewable subindustry, AWN Holdings'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.


AWN Holdings's Price-to-Net-Net-Working-Capital Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, AWN Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



AWN Holdings Net-Net Working Capital Calculation

AWN Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2021 is calculated as

Net-Net Working Capital(A: Jun. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16.827+0.75 * 8.213+0.5 * 0.245-59.982
-0-1.915)/39.6002
=-0.98

AWN Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2021 is calculated as

Net-Net Working Capital(Q: Jun. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16.827+0.75 * 8.213+0.5 * 0.245-59.982
-0-1.915)/39.6002
=-0.98

* 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.


AWN Holdings  (ASX:AWN) 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.


AWN Holdings Net-Net Working Capital Related Terms

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AWN Holdings (ASX:AWN) Business Description

Traded in Other Exchanges
N/A
Address
153 Walker Street, Level 11, North Sydney, Sydney, NSW, AUS, 2060
AWN Holdings Ltd is an investment company. It has four operating segments. The Renewable Energy segment, which is the key revenue driver, focuses on solar projects. The Enterprise Office segment is the designated investment entity and provides strategic, operational, financial, and human resource support. The Education segment operates the group's education platform. The Fund Management segment manages listed and unlisted funds.

AWN Holdings (ASX:AWN) Headlines

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