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Medi Assist Healthcare Services (NSE:MEDIASSIST) Net-Net Working Capital : ₹3.08 (As of Mar. 2024)


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What is Medi Assist Healthcare Services 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.

Medi Assist Healthcare Services's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ₹3.08.

The industry rank for Medi Assist Healthcare Services's Net-Net Working Capital or its related term are showing as below:

NSE:MEDIASSIST's Price-to-Net-Net-Working-Capital is ranked worse than
100% of 6 companies
in the Healthcare Plans industry
Industry Median: 6.185 vs NSE:MEDIASSIST: 161.07

Medi Assist Healthcare Services Net-Net Working Capital Historical Data

The historical data trend for Medi Assist Healthcare Services'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.

Medi Assist Healthcare Services Net-Net Working Capital Chart

Medi Assist Healthcare Services Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
3.89 10.70 -10.60 3.08

Medi Assist Healthcare Services Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial 10.70 - -10.60 -22.14 3.08

Competitive Comparison of Medi Assist Healthcare Services's Net-Net Working Capital

For the Healthcare Plans subindustry, Medi Assist Healthcare Services'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.


Medi Assist Healthcare Services's Price-to-Net-Net-Working-Capital Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Medi Assist Healthcare Services's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Medi Assist Healthcare Services's Price-to-Net-Net-Working-Capital falls into.



Medi Assist Healthcare Services Net-Net Working Capital Calculation

Medi Assist Healthcare Services'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)
=(2665.23+0.75 * 1786.25+0.5 * 0-3692.5
-0-95.92)/70.2093
=3.08

Medi Assist Healthcare Services's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2665.23+0.75 * 1786.25+0.5 * 0-3692.5
-0-95.92)/70.2093
=3.08

* 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.


Medi Assist Healthcare Services  (NSE:MEDIASSIST) 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.


Medi Assist Healthcare Services Net-Net Working Capital Related Terms

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Medi Assist Healthcare Services (NSE:MEDIASSIST) Business Description

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Medi Assist Healthcare Services Ltd is a HealthTech and InsurTech company focused on administering health benefits across employers, retail members, and public health schemes. Its clients are insurance companies and also serve as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. The company derives income by providing health management services, software subscription, software license services, consultancy services and other allied services pertaining to healthcare and health insurance sector. It also offers business support services and other technical services.

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