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Blue Line Protection Group (Blue Line Protection Group) Net-Net Working Capital : $-0.26 (As of Mar. 2024)


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What is Blue Line Protection 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.

Blue Line Protection Group's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-0.26.

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

BLPG's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.79
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Blue Line Protection Group Net-Net Working Capital Historical Data

The historical data trend for Blue Line Protection 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.

Blue Line Protection Group Net-Net Working Capital Chart

Blue Line Protection Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.74 -0.79 -0.42 -0.33 -0.29

Blue Line Protection Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.32 -0.32 -0.30 -0.29 -0.26

Competitive Comparison of Blue Line Protection Group's Net-Net Working Capital

For the Security & Protection Services subindustry, Blue Line Protection 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.


Blue Line Protection Group's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Blue Line Protection Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Blue Line Protection Group's Price-to-Net-Net-Working-Capital falls into.



Blue Line Protection Group Net-Net Working Capital Calculation

Blue Line Protection Group'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)
=(0.586+0.75 * 0.368+0.5 * 0-3.234
-0.02-0)/8.25014
=-0.29

Blue Line Protection Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.796+0.75 * 0.329+0.5 * 0-3.16
-0.02-0)/8.25014
=-0.26

* 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.


Blue Line Protection Group  (OTCPK:BLPG) 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.


Blue Line Protection Group Net-Net Working Capital Related Terms

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Blue Line Protection Group (Blue Line Protection Group) Business Description

Traded in Other Exchanges
N/A
Address
5765 Logan Street, Denver, CO, USA, 80216
Blue Line Protection Group Inc is engaged in providing armed protection and transportation, banking, compliance, and training services for businesses engaged in the legal cannabis industry. The services are offered to individuals, businesses, and government entities to protect their licenses and business investments. It offers asset logistic services, such as armored transportation service; security services, including shipment protection, money escorts, security monitoring, asset vaulting, VIP and dignitary protection, financial services, such as handling transportation and storage of currency; training; and compliance services. It generates maximum revenue from transportation and banking services.
Executives
Patrick Deparini officer: Chief Financial Officer 5440 W. SAHARA AVE., SUITE 202, LAS VEGAS NV 89146
Ricky Gene Bennett officer: Vice President of Operations 1350 INDEPENDENCE ST., SUITE 300, LAKEWOOD CO 80125
Daniel Scott Sullivan director, officer: Vice President of Marketing 9457 S. UNIVERSITY BLVD., #272, HIGHLANDS RANCH CO 80126
Sean-robbie Gibson Campbell director, officer: Chief Executive Officer 1350 INDEPENDENCE ST., 3RD FLOOR, LAKEWOOD CO 80215
David Uddman director, 10 percent owner, officer: President 3717 W. WOODSIDE, SPOKANE WA 99208

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