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Future Farm Technologies (XCNQ:FFT) Net-Net Working Capital : C$-0.04 (As of Nov. 2019)


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What is Future Farm 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.

Future Farm Technologies's Net-Net Working Capital for the quarter that ended in Nov. 2019 was C$-0.04.

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

XCNQ:FFT's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 7.43
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Future Farm Technologies Net-Net Working Capital Historical Data

The historical data trend for Future Farm 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.

Future Farm Technologies Net-Net Working Capital Chart

Future Farm Technologies Annual Data
Trend Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 - 0.01 -0.07 -0.03

Future Farm Technologies Quarterly Data
Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19
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 -0.06 -0.03 -0.04 -0.04 -0.04

Competitive Comparison of Future Farm Technologies's Net-Net Working Capital

For the Farm Products subindustry, Future Farm 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.


Future Farm Technologies's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Future Farm Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Future Farm Technologies Net-Net Working Capital Calculation

Future Farm Technologies's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Feb. 2019 is calculated as

Net-Net Working Capital(A: Feb. 2019 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.069+0.75 * 0.749+0.5 * 1.671-6.129
-0--0.043)/145.262
=-0.03

Future Farm Technologies's Net-Net Working Capital (NNWC) per share for the quarter that ended in Nov. 2019 is calculated as

Net-Net Working Capital(Q: Nov. 2019 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.033+0.75 * 0.107+0.5 * 1.661-8.556
-0--0.005)/170.813
=-0.04

* 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.


Future Farm Technologies  (XCNQ:FFT) 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.


Future Farm Technologies Net-Net Working Capital Related Terms

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Future Farm Technologies (XCNQ:FFT) Business Description

Traded in Other Exchanges
N/A
Address
543 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 1X8
Future Farm Technologies Inc is an indoor plant growth technology company. It operates through the following segments: Indoor plant growth technology specializing in LED lighting and vertical farming solutions; and the operation of an ornamental plant greenhouse. The firm generates majority revenue from Nursery plants.

Future Farm Technologies (XCNQ:FFT) Headlines

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