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Jaguar Mining (TSX:JAG) Net-Net Working Capital : C$-0.66 (As of Dec. 2023)


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What is Jaguar 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.

Jaguar Mining's Net-Net Working Capital for the quarter that ended in Dec. 2023 was C$-0.66.

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

TSX:JAG's Price-to-Net-Net-Working-Capital is not ranked *
in the Metals & Mining industry.
Industry Median: 5.53
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Jaguar Mining Net-Net Working Capital Historical Data

The historical data trend for Jaguar 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.

Jaguar Mining Net-Net Working Capital Chart

Jaguar 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 -1.00 -0.26 -0.19 -0.71 -0.66

Jaguar 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 -0.71 -0.68 -0.75 -0.67 -0.66

Competitive Comparison of Jaguar Mining's Net-Net Working Capital

For the Gold subindustry, Jaguar 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.


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

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

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



Jaguar Mining Net-Net Working Capital Calculation

Jaguar 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)
=(29.57+0.75 * 0+0.5 * 20.981-92.364
-0-0)/79.0667
=-0.66

Jaguar 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)
=(29.57+0.75 * 0+0.5 * 20.981-92.364
-0-0)/79.0667
=-0.66

* 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.


Jaguar Mining  (TSX:JAG) 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.


Jaguar Mining Net-Net Working Capital Related Terms

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Jaguar Mining (TSX:JAG) Business Description

Traded in Other Exchanges
Address
100 King Street West, First Canadian Place, Suite 5600, 56th Floor, Toronto, ON, CAN, M5X 1C9
Jaguar Mining Inc is a junior gold mining company. The company is engaged in the acquisition, exploration, development, and operation of gold-producing properties in Brazil. Its principal operating assets are located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex and Caete Gold Mine Complex (Pilar and Roca Grande mines, and Caete Plant) which combined, produce more than 95,000 ounces of gold annually. The company also owns the Paciencia Gold Mine Complex.
Executives
Vernon Casey Baker Senior Officer
2176423 Ontario Ltd. 10% Security Holder
Eric S. Sprott 10% Security Holder

Jaguar Mining (TSX:JAG) Headlines

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