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Bens Creek Group (STU:6RX) Net-Net Working Capital : €-0.15 (As of Sep. 2023)


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What is Bens Creek Group 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.

Bens Creek Group's Net-Net Working Capital for the quarter that ended in Sep. 2023 was €-0.15.

The industry rank for Bens Creek Group's Net-Net Working Capital or its related term are showing as below:

STU:6RX's Price-to-Net-Net-Working-Capital is not ranked *
in the Steel industry.
Industry Median: 5.605
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Bens Creek Group Net-Net Working Capital Historical Data

The historical data trend for Bens Creek Group'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.

Bens Creek Group Net-Net Working Capital Chart

Bens Creek Group Annual Data
Trend Mar21 Mar22 Mar23
Net-Net Working Capital
-0.01 -0.08 -0.13

Bens Creek Group Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Net-Net Working Capital Get a 7-Day Free Trial -0.05 -0.08 -0.10 -0.13 -0.15

Competitive Comparison of Bens Creek Group's Net-Net Working Capital

For the Coking Coal subindustry, Bens Creek Group'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.


Bens Creek Group's Price-to-Net-Net-Working-Capital Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bens Creek Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Bens Creek Group's Price-to-Net-Net-Working-Capital falls into.



Bens Creek Group Net-Net Working Capital Calculation

Bens Creek Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.441+0.75 * 0.444+0.5 * 4.811-53.372
-0-0)/398.724
=-0.13

Bens Creek Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.109+0.75 * 0+0.5 * 4.102-64.115
-0-0)/399.574
=-0.15

* 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.


Bens Creek Group  (STU:6RX) 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.


Bens Creek Group Net-Net Working Capital Related Terms

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Bens Creek Group (STU:6RX) Business Description

Traded in Other Exchanges
Address
15 Stratton Street, London, GBR, W1J 8LQ
Bens Creek Group PLC owns and operates metallurgical coal mines in North America. Its main country of operation is the United States of America. The company is engaged in Ben's creek mining project situated in the southern part of the state of West Virginia and the eastern edge of the Commonwealth of Kentucky. The company has two geographical segment, the United Kingdom and the United States of America ("USA"). Activities in the UK are mainly administrative in nature whilst the activities in the USA relate to coal production and sale of coal. Geographically the company derives the majority of its revenue from USA.

Bens Creek Group (STU:6RX) Headlines

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