BitMine Immersion Technologies (BitMine Immersion Technologies) Net-Net Working Capital : $-0.05 (As of Feb. 2024)

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What is BitMine Immersion Technologies 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.

BitMine Immersion Technologies's Net-Net Working Capital for the quarter that ended in Feb. 2024 was $-0.05.

The industry rank for BitMine Immersion Technologies's Net-Net Working Capital or its related term are showing as below:

BMNR's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Capital Markets industry.
Industry Median: 6.14
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

BitMine Immersion Technologies Net-Net Working Capital Historical Data

The historical data trend for BitMine Immersion Technologies'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.

BitMine Immersion Technologies Net-Net Working Capital Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Net-Net Working Capital

-0.03

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Net-Net Working Capital	Get a 7-Day Free Trial				-0.02	-0.03	-0.03	-0.05	-0.05

Competitive Comparison of BitMine Immersion Technologies's Net-Net Working Capital

For the Capital Markets subindustry, BitMine Immersion Technologies'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.

BitMine Immersion Technologies's Price-to-Net-Net-Working-Capital Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where BitMine Immersion Technologies's Price-to-Net-Net-Working-Capital falls into.

BitMine Immersion Technologies Net-Net Working Capital Calculation

BitMine Immersion Technologies's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Aug. 2023 is calculated as

	Net-Net Working Capital		(A: Aug. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.271	+	0.75 * 0	+	0.5 * 0	-	1.945
-	0	-	0)	/	49.6656
=	-0.03

BitMine Immersion Technologies's Net-Net Working Capital (NNWC) per share for the quarter that ended in Feb. 2024 is calculated as

	Net-Net Working Capital		(Q: Feb. 2024 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.342	+	0.75 * 0	+	0.5 * 0	-	2.868
-	0	-	0)	/	49.8217
=	-0.05

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.

BitMine Immersion Technologies (OTCPK:BMNR) 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.

BitMine Immersion Technologies Net-Net Working Capital Related Terms

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BitMine Immersion Technologies (BitMine Immersion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitMine Immersion Technologies Inc (OTCPK:BMNR) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

2030 Powers Ferry Road SE, Suite No. 212, Atlanta, GA, USA, 30339

Website

https://www.bitminetech.io

BitMine Immersion Technologies Inc is a blockchain technology company that is building out industrial-scale digital asset mining, equipment sales, and hosting operations. The company's primary business is data center focused, both mining Bitcoin for its own account as well as hosting third-party Bitcoin mining servers.