BTQ Technologies (NEOE:BTQ) Net-Net Working Capital : C$0.04 (As of Sep. 2023)

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What is BTQ 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.

BTQ Technologies's Net-Net Working Capital for the quarter that ended in Sep. 2023 was C$0.04.

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

NEOE:BTQ's Price-to-Net-Net-Working-Capital is ranked worse than
62.85% of 1179 companies
in the Software industry
Industry Median: 7.44 vs NEOE:BTQ: 11.25

BTQ Technologies Net-Net Working Capital Historical Data

The historical data trend for BTQ 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.

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BTQ Technologies Net-Net Working Capital Chart

BTQ Technologies Annual Data

Trend

Dec21

Jan22

Net-Net Working Capital

BTQ Technologies Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Jan23	Jun23	Sep23
Net-Net Working Capital	Get a 7-Day Free Trial			-	0.03	0.06	0.04	0.04

Competitive Comparison of BTQ Technologies's Net-Net Working Capital

For the Software - Infrastructure subindustry, BTQ 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.

BTQ Technologies's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, BTQ Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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

BTQ Technologies Net-Net Working Capital Calculation

BTQ Technologies's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jan. 2022 is calculated as

	Net-Net Working Capital		(A: Jan. 2022 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.263	+	0.75 * 0.007	+	0.5 * 0	-	0.03
-	0	-	0)	/	121.249
=	0.00

BTQ Technologies's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

	Net-Net Working Capital		(Q: Sep. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.955	+	0.75 * 0.117	+	0.5 * 0	-	0.533
-	0	-	0)	/	123.071
=	0.04

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.

BTQ Technologies (NEOE:BTQ) 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.

BTQ Technologies Net-Net Working Capital Related Terms

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BTQ Technologies (NEOE:BTQ) Business Description

Industry

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BTQQF:USA NG3:Germany

Address

700 West Georgia Street, 25th Floor, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.btq.li

BTQ Technologies Corp is home to a diverse team of builders with a shared interest in post-quantum technology. Its products include PQScale, Keelung, Kenting, and Qbyte. PQScale is a novel scaling technique for post-quantum cryptographic primitives. PQScale achieves transaction speed and cost savings by leveraging zero-knowledge proofs for transaction processing. Keelung is a Zero-Knowledge Toolkit for Fast, Private, and Secure Applications. Kenting has accelerated hardware devices for a variety of post-quantum cryptographic primitives. Kenting provides acceleration for NIST-compliant post-quantum cryptography, post-quantum zk-SNARKs, and eco-friendly mining hardware. Qbyte is a Quantum risk Calculator.