Diamond S Shipping Group (Diamond S Shipping Group) Net-Net Working Capital : $0.00 (As of Mar. 2013)

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What is Diamond S Shipping 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.

Diamond S Shipping Group's Net-Net Working Capital for the quarter that ended in Mar. 2013 was $0.00.

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

DSG's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Transportation industry.
Industry Median: 5.645
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Diamond S Shipping Group Net-Net Working Capital Historical Data

The historical data trend for Diamond S Shipping 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.

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Diamond S Shipping Group Net-Net Working Capital Chart

Diamond S Shipping Group Annual Data

Trend

Mar12

Mar13

Net-Net Working Capital

Diamond S Shipping Group Semi-Annual Data
	Mar12	Mar13
Net-Net Working Capital	-	-

Competitive Comparison of Diamond S Shipping Group's Net-Net Working Capital

For the Marine Shipping subindustry, Diamond S Shipping 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.

Diamond S Shipping Group's Price-to-Net-Net-Working-Capital Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Diamond S Shipping Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Diamond S Shipping Group's Price-to-Net-Net-Working-Capital falls into.

Diamond S Shipping Group Net-Net Working Capital Calculation

Diamond S Shipping Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2013 is calculated as

	Net-Net Working Capital		(A: Mar. 2013 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(38.772	+	0.75 * 5.285	+	0.5 * 6.466	-	675.548
-	0	-	0)	/	0
=	N/A

Diamond S Shipping Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2013 is calculated as

	Net-Net Working Capital		(Q: Mar. 2013 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(38.772	+	0.75 * 5.285	+	0.5 * 6.466	-	675.548
-	0	-	0)	/	0
=	N/A

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.

Diamond S Shipping Group (NYSE:DSG) 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.

Diamond S Shipping Group Net-Net Working Capital Related Terms

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Diamond S Shipping Group (Diamond S Shipping Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Diamond S Shipping Group Inc (NYSE:DSG) » Definitions » Net-Net Working Capital

Comparable Companies

PRGNF TEUFF BSTN TOPS RLOG DRYS ESEA GTMAY PXS GLBS SHIP GNKOQ GSL NAO PANL NAP GASS NM DAC OSG

Traded in Other Exchanges

N/A

Address

Website

http://www.diamondsshipping.com

Diamond S Shipping Group Inc, is incorporated in Marshall Islands on July 31, 2013. The Company provides seaborne transportation of refined petroleum and other products in the international shipping markets. The Company is the owners and operators of medium range, or MR, product tankers. The Company's fleet currently consists of 33 MR product tankers built at Korean and Japanese shipyards. The Company competes on basis of price, vessel location, size, age and condition of the vessel. The Company is subject to various international conventions, national, state and local laws and regulations in the countries in which its vessels may operate or are registered.