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AVVAA World Health Care Products (AVVAA World Health Care Products) Net-Net Working Capital : $-3.49 (As of May. 2007)


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What is AVVAA World Health Care Products 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.

AVVAA World Health Care Products's Net-Net Working Capital for the quarter that ended in May. 2007 was $-3.49.

The industry rank for AVVAA World Health Care Products's Net-Net Working Capital or its related term are showing as below:

AVVH's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.775
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

AVVAA World Health Care Products Net-Net Working Capital Historical Data

The historical data trend for AVVAA World Health Care Products'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.

AVVAA World Health Care Products Net-Net Working Capital Chart

AVVAA World Health Care Products Annual Data
Trend May00 May01 May02 May03 May04 May05 May06 May07
Net-Net Working Capital
Get a 7-Day Free Trial -9.36 -7.64 -4.71 -21.92 -3.49

AVVAA World Health Care Products Semi-Annual Data
May00 May01 May02 May03 May04 May05 May06 May07
Net-Net Working Capital Get a 7-Day Free Trial -9.36 -7.64 -4.71 -21.92 -3.49

Competitive Comparison of AVVAA World Health Care Products's Net-Net Working Capital

For the Shell Companies subindustry, AVVAA World Health Care Products'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.


AVVAA World Health Care Products's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, AVVAA World Health Care Products's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where AVVAA World Health Care Products's Price-to-Net-Net-Working-Capital falls into.



AVVAA World Health Care Products Net-Net Working Capital Calculation

AVVAA World Health Care Products's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in May. 2007 is calculated as

Net-Net Working Capital(A: May. 2007 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.009+0.75 * 0.028+0.5 * 0-14.552
-0-0)/4.16618
=-3.49

AVVAA World Health Care Products's Net-Net Working Capital (NNWC) per share for the quarter that ended in May. 2007 is calculated as

Net-Net Working Capital(Q: May. 2007 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.009+0.75 * 0.028+0.5 * 0-14.552
-0-0)/4.16618
=-3.49

* 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.


AVVAA World Health Care Products  (OTCPK:AVVH) 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.


AVVAA World Health Care Products Net-Net Working Capital Related Terms

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AVVAA World Health Care Products (AVVAA World Health Care Products) Business Description

Traded in Other Exchanges
N/A
Address
1001 West Loop South, Suite 803, Houston, TX, USA, 77027
AVVAA World Health Care Products Inc operates through its wholly-owned subsidiary, GoldQuest Capital, Inc. The company is a real estate lending company that specializes in the syndication of first lien, and asset-backed real estate mortgages in the residential, commercial, and industrial sectors.
Executives
Mark E Alden director, officer: V.P. Research and Development PO BOX 204, BRYN ATHYN PA 19009
James W Haney officer: V. P. MFG/Dist. Consultant 21 ERINDALE DR, MARLTON NJ 08053
Barbara Smith officer: Executive VP Sales & Marketing PO BOX 370, FALKLAND BC A1 V0E 1W0
John Stewart Farley director, 10 percent owner, officer: President and CEO PO BOX 335, 3018 SCHAEFFER ROAD, FAULKLAND A1 V0E 1W0
Farley Lorie Dale Campbell 10 percent owner, officer: V.P. Animal Care Products PO BOX 335, 3018 SCHAEFFER ROAD, FAULKLAND A1 V0E 1W0
Ronald James Reynolds officer: V.P. Manufacturing Dist./Can 9015 RUSSET DRIVE, COLDSTREAM A1 V1B 2B7
Charles Tait Austin director, officer: CFO and Secretary 13503 SUMNE LANE, VERNON, BRITISH COLUMBIA, A1 00000

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