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Bit-isle (TSE:3811) Net-Net Working Capital : 円-657.04 (As of Jul. 2015)


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What is Bit-isle 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.

Bit-isle's Net-Net Working Capital for the quarter that ended in Jul. 2015 was 円-657.04.

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

TSE:3811's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 6.86
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Bit-isle Net-Net Working Capital Historical Data

The historical data trend for Bit-isle'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.

Bit-isle Net-Net Working Capital Chart

Bit-isle Annual Data
Trend Jul08 Jul09 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15
Net-Net Working Capital
Get a 7-Day Free Trial -101,172.32 -490.68 -449.50 -499.86 -657.04

Bit-isle Quarterly Data
Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15
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 -499.86 -540.83 -611.58 -611.90 -657.04

Competitive Comparison of Bit-isle's Net-Net Working Capital

For the Communication Equipment subindustry, Bit-isle'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.


Bit-isle's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Bit-isle's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Bit-isle Net-Net Working Capital Calculation

Bit-isle's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jul. 2015 is calculated as

Net-Net Working Capital(A: Jul. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4389+0.75 * 1038+0.5 * 0-28364
-0-64)/35.402
=-657.04

Bit-isle's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jul. 2015 is calculated as

Net-Net Working Capital(Q: Jul. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4389+0.75 * 1038+0.5 * 0-28364
-0-64)/35.402
=-657.04

* 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.


Bit-isle  (TSE:3811) 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.


Bit-isle Net-Net Working Capital Related Terms

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Bit-isle (TSE:3811) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Bit-isle Inc is engaged in the data center business, eveloping a comprehensive business IT outsourcing services to the axis 3 iDC services, managed services and solutions services.

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