Response Plus Holding (ADX:RPM) Net-Net Working Capital : د.إ0.27 (As of Dec. 2023)

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What is Response Plus Holding 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.

Response Plus Holding's Net-Net Working Capital for the quarter that ended in Dec. 2023 was د.إ0.27.

The industry rank for Response Plus Holding's Net-Net Working Capital or its related term are showing as below:

ADX:RPM's Price-to-Net-Net-Working-Capital is ranked worse than
73.3% of 191 companies
in the Oil & Gas industry
Industry Median: 5.44 vs ADX:RPM: 14.11

Response Plus Holding Net-Net Working Capital Historical Data

The historical data trend for Response Plus Holding'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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Response Plus Holding Net-Net Working Capital Chart

Response Plus Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Net-Net Working Capital

-0.17

0.52

0.28

0.27

Response Plus Holding Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net-Net Working Capital	Get a 7-Day Free Trial			0.52	0.60	0.28	0.39	0.27

Competitive Comparison of Response Plus Holding's Net-Net Working Capital

For the Oil & Gas Equipment & Services subindustry, Response Plus Holding'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.

Response Plus Holding's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Response Plus Holding's Price-to-Net-Net-Working-Capital falls into.

Response Plus Holding Net-Net Working Capital Calculation

Response Plus Holding's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

	Net-Net Working Capital		(A: Dec. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(46.695	+	0.75 * 93.682	+	0.5 * 9.839	-	68.145
-	0	-	0)	/	200
=	0.27

Response Plus Holding's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

	Net-Net Working Capital		(Q: Dec. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(46.695	+	0.75 * 93.682	+	0.5 * 9.839	-	68.145
-	0	-	0)	/	200
=	0.27

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.

Response Plus Holding (ADX:RPM) 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.

Response Plus Holding Net-Net Working Capital Related Terms

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Response Plus Holding (ADX:RPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Response Plus Holding (ADX:RPM) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

Burjeel Medical City, MBZ City, P.O. Box 130336, Zone D, 3rd Floor, Abu Dhabi, ARE

Website

https://rpm.ae

Response Plus Holding is engaged in the supply of manpower and medical equipment and the management of hospitals, clinics, and medical centers. The company's business activities are; healthcare services, investment in the healthcare-related business, investing in real estate and movables necessary for carrying out its activities, and management of affiliated companies. Geographically, it operates in the following markets; United Arab Emirates, Kingdom of Saudi Arabia, and Sultanate of Oman. Out of which a majority of its revenue comes from the United Arab Emirates market.