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3D Metal Forge (ASX:3MF) Net-Net Working Capital : A$-0.33 (As of Dec. 2021)


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What is 3D Metal Forge 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.

3D Metal Forge's Net-Net Working Capital for the quarter that ended in Dec. 2021 was A$-0.33.

The industry rank for 3D Metal Forge's Net-Net Working Capital or its related term are showing as below:

ASX:3MF's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 6.99
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

3D Metal Forge Net-Net Working Capital Historical Data

The historical data trend for 3D Metal Forge'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.

3D Metal Forge Net-Net Working Capital Chart

3D Metal Forge Annual Data
Trend Dec21
Net-Net Working Capital
-0.33

3D Metal Forge Semi-Annual Data
Jun21 Dec21
Net-Net Working Capital 0.05 -0.33

Competitive Comparison of 3D Metal Forge's Net-Net Working Capital

For the Metal Fabrication subindustry, 3D Metal Forge'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.


3D Metal Forge's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, 3D Metal Forge's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where 3D Metal Forge's Price-to-Net-Net-Working-Capital falls into.



3D Metal Forge Net-Net Working Capital Calculation

3D Metal Forge's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.763+0.75 * 0.428+0.5 * 0.308-6.363
-0-0)/9.50596
=-0.33

3D Metal Forge's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2021 is calculated as

Net-Net Working Capital(Q: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.763+0.75 * 0.428+0.5 * 0.308-6.363
-0-0)/9.50596
=-0.33

* 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.


3D Metal Forge  (ASX:3MF) 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.


3D Metal Forge Net-Net Working Capital Related Terms

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3D Metal Forge (ASX:3MF) Business Description

Traded in Other Exchanges
N/A
Address
16 Ord Street, Ground Floor, West Perth, Perth, WA, AUS, 6005
3D Metal Forge Ltd is engaged in the business of providing 3D metal printing solutions and services. Also, the company provides diagnostic analysis, design services, client facility operation, and training services. Its geographical segments include Australia; Singapore and United States. The company generates maximum revenue from Singapore.

3D Metal Forge (ASX:3MF) Headlines

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