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Gulfslope Energy (Gulfslope Energy) Net-Net Working Capital : $-0.01 (As of Jun. 2023)


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What is Gulfslope Energy 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.

Gulfslope Energy's Net-Net Working Capital for the quarter that ended in Jun. 2023 was $-0.01.

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

GSPE's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 4.945
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Gulfslope Energy Net-Net Working Capital Historical Data

The historical data trend for Gulfslope Energy'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.

Gulfslope Energy Net-Net Working Capital Chart

Gulfslope Energy Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 -0.02 -0.01 -0.01 -0.01

Gulfslope Energy Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 -0.01 -0.01 -0.01 -0.01 -0.01

Competitive Comparison of Gulfslope Energy's Net-Net Working Capital

For the Oil & Gas E&P subindustry, Gulfslope Energy'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.


Gulfslope Energy's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gulfslope Energy's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Gulfslope Energy Net-Net Working Capital Calculation

Gulfslope Energy's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2022 is calculated as

Net-Net Working Capital(A: Sep. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.135+0.75 * 0.013+0.5 * 0-13.991
-0-0)/1268.24
=-0.01

Gulfslope Energy's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2023 is calculated as

Net-Net Working Capital(Q: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.002+0.75 * 0+0.5 * 0-14.714
-0-0)/1307.19
=-0.01

* 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.


Gulfslope Energy  (OTCPK:GSPE) 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.


Gulfslope Energy Net-Net Working Capital Related Terms

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Gulfslope Energy (Gulfslope Energy) Business Description

Traded in Other Exchanges
N/A
Address
1000 Main Street, Suite 2300, Houston, TX, USA, 77002
Gulfslope Energy Inc is a part of the oil and gas markets. It is a crude oil and natural gas exploration and production company. The company's activities are focused on the shelf area of the Gulf of Mexico. It is focused on identifying and acquiring oil and gas prospects. It has licensed three-dimensional seismic data and has evaluated this data using interpretation technologies.
Executives
Delek Group, Ltd. 10 percent owner 19 ABBA EBAN BLVD, P.O.B. 2054, HERZLIYA L3 4612001
Itshak Sharon 10 percent owner 7, GIBOREI ISRAEL STREET, P.O.B. 8464, INDUSTRIAL ZONE SOUTH, NETANYA L3 42504
Delek Gom Holdings, Llc 10 percent owner C/O THE CORPORATION TRUST COMPANY, 1209 ORANGE STREET, WILMINGTON DE 19801
Delek Gom Investments, Llc 10 percent owner C/O THE CORPORATION TRUST COMPANY, 1209 ORANGE STREET, WILMINGTON DE 19801
Dkl Investments Ltd 10 percent owner C/O CRESTBRIDGE LIMITED, 47 ESPLANADE, ST HELIER Y9 JE1 0BD
John Malanga officer: Chief Financial Officer 2500 CITY WEST, SUITE 800, HOUSTON TX 77042
Richard S Langdon director
Paul L Morris director 1004 NORTH BIG SPRING STREET, MIDLAND TX 79701
James M. Askew director, 10 percent owner 3 RIVERWAY, STE. 1800, HOUSTON TX 77056
Brady Douglas Rodgers officer: VICE PRESIDENT 2500 CITYWEST BLVD, HOUSTON TX 77042
Ronald A Bain officer: President and COO 1001 FANNIN STREET, HOUSTON TX 77002
Moore Dwight Clint M officer: Vice President and Secretary 2500 CITY WEST, SUITE 800, HOUSTON TX 77042
John N Seitz 10 percent owner 4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77006
Connally John B Iii other: FORMER 10% OWNER 16MARCUS CO, 1600 ROCKCLIFF ROAD, AUSTIN TX 78746
Michael Doolin 10 percent owner 5 PEPPERWOOD DRIVE, SANDY UT 84092