GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Belo Sun Mining Corp (OTCPK:BSXGF) » Definitions » Net-Net Working Capital

Belo Sun Mining (Belo Sun Mining) Net-Net Working Capital : $0.02 (As of Dec. 2023)


View and export this data going back to . Start your Free Trial

What is Belo Sun Mining 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.

Belo Sun Mining's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $0.02.

The industry rank for Belo Sun Mining's Net-Net Working Capital or its related term are showing as below:

BSXGF's Price-to-Net-Net-Working-Capital is ranked better than
86.15% of 910 companies
in the Metals & Mining industry
Industry Median: 5.5 vs BSXGF: 1.50

Belo Sun Mining Net-Net Working Capital Historical Data

The historical data trend for Belo Sun Mining'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.

Belo Sun Mining Net-Net Working Capital Chart

Belo Sun Mining 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 0.04 0.05 0.04 0.03 0.02

Belo Sun Mining Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.03 0.03 0.03 0.02 0.02

Competitive Comparison of Belo Sun Mining's Net-Net Working Capital

For the Gold subindustry, Belo Sun Mining'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.


Belo Sun Mining's Price-to-Net-Net-Working-Capital Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Belo Sun Mining's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Belo Sun Mining's Price-to-Net-Net-Working-Capital falls into.



Belo Sun Mining Net-Net Working Capital Calculation

Belo Sun Mining'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)
=(11.257+0.75 * 0.03+0.5 * 0-1.282
-0-0)/455.055
=0.02

Belo Sun Mining's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11.257+0.75 * 0.03+0.5 * 0-1.282
-0-0)/455.055
=0.02

* 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.


Belo Sun Mining  (OTCPK:BSXGF) 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.


Belo Sun Mining Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Belo Sun Mining's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Belo Sun Mining (Belo Sun Mining) Business Description

Traded in Other Exchanges
Address
198 Davenport Road, Toronto, ON, CAN, M5R 1J2
Belo Sun Mining Corp is a Canada-based gold exploration and development company. It operates in Canada where its head office is located and in Brazil where its exploration and development properties are located. The company owns and operates the Volta Grande Gold project.

Belo Sun Mining (Belo Sun Mining) Headlines

From GuruFocus

Belo Sun Announces Results of Annual General Meeting of Shareholders

By GlobeNewswire GlobeNewswire 06-28-2019

Belo Sun Provides a Corporate Update

By GlobeNewswire GlobeNewswire 04-07-2022

Belo Sun Announces Approval of Normal Course Issuer Bid

By GlobeNewswire GlobeNewswire 04-27-2018

Agnico Eagle's Additional Investment

By Alberto Abaterusso Alberto Abaterusso 07-25-2016

Belo Sun Receives Ruling From Federal Regional Justice in Altamira

By GlobeNewswire GlobeNewswire 09-12-2018

Belo Sun Announces AGM Results

By GlobeNewswire GlobeNewswire 05-02-2018

Belo Sun Announces Block Purchase Under Normal Course Issuer Bid

By GlobeNewswire GlobeNewswire 06-21-2018