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.
Helmerich & Payne's net-net working capital per share for the quarter that ended in Mar. 2022 was $-9.12.
The industry rank for Helmerich & Payne's Net-Net Working Capital or its related term are showing as below:
Helmerich & Payne Net-Net Working Capital Historical Data
The historical data trend for Helmerich & Payne'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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Helmerich & Payne Annual Data
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Trend |
Sep12 |
Sep13 |
Sep14 |
Sep15 |
Sep16 |
Sep17 |
Sep18 |
Sep19 |
Sep20 |
Sep21 |
| Net-Net Working Capital |
|
|
|
|
|
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-12.36 |
-9.44 |
-9.27 |
-7.16 |
-7.51 |
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Helmerich & Payne Quarterly Data
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|
Jun17 |
Sep17 |
Dec17 |
Mar18 |
Jun18 |
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
| Net-Net Working Capital |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-6.83 |
-6.57 |
-7.51 |
-8.69 |
-9.12 |
Competitive Comparison
For the Oil & Gas Drilling subindustry, Helmerich & Payne's Net-Net Working Capital, along with its competitors' market caps and 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.
Helmerich & Payne Net-Net Working Capital Distribution
For the Oil & Gas industry and Energy sector, Helmerich & Payne's Net-Net Working Capital distribution charts can be found below:
* The bar in red indicates where Helmerich & Payne's Net-Net Working Capital falls into.
Helmerich & Payne Net-Net Working Capital Calculation
Helmerich & Payne's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2021 is calculated as
Helmerich & Payne's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2022 is calculated as
* 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.
Helmerich & Payne Business Description
Traded in Other Exchanges
Address
1437 South Boulder Avenue, Suite 1400, Tulsa, OK, USA, 74119
Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small presence internationally.
Executives
Helmerich & Payne Headlines
By Seekingalpha 2022-02-14
By Seekingalpha 2022-02-01
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