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Zoned Properties (Zoned Properties) Net-Net Working Capital

: $-0.50 (As of Dec. 2023)
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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.

Zoned Properties's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-0.50.

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

ZDPY's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.16
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Zoned Properties Net-Net Working Capital Historical Data

The historical data trend for Zoned Properties'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.

Zoned Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.13 -0.12 -0.08 -0.35 -0.50

Zoned Properties 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 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 Premium Member Only Premium Member Only Premium Member Only -0.35 -0.49 -0.48 -0.49 -0.50

Competitive Comparison

For the Real Estate Services subindustry, Zoned Properties'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.


Zoned Properties Price-to-Net-Net-Working-Capital Distribution

For the Real Estate industry and Real Estate sector, Zoned Properties's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Zoned Properties Net-Net Working Capital Calculation

Zoned Properties'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)
=(3.1+0.75 * 0.137+0.5 * 0-9.198
-0.002-0)/12.1016
=-0.50

Zoned Properties'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)
=(3.1+0.75 * 0.137+0.5 * 0-9.198
-0.002-0)/12.1016
=-0.50

* 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.


Zoned Properties  (OTCPK:ZDPY) 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.


Zoned Properties Net-Net Working Capital Related Terms

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Zoned Properties (Zoned Properties) Business Description

Traded in Other Exchanges
N/A
Address
8360 E. Raintree Drive, Suite 230, Scottsdale, AZ, USA, 85260
Zoned Properties Inc is a strategic real estate development company, whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties in emerging industries, including the licensed medical marijuana industry. The company acquires commercial properties that face zoning challenges and identifies solutions that can potentially have a majority impact on the cash flow and property value. It targets commercial properties that can be acquired and re-zoned for specific purposes.
Executives
Bryan Mclaren director, officer: CEO & President C/O ZONED PROPERTIES, INC., 14300 N. NORTHSIGHT BLVD., #208, SCOTTSDALE AZ 85260
Derek Overstreet director C/O ZONED PROPERTIES, INC., 14269 N. 87TH STREET #205, SCOTTSDALE AZ 85260
Daniel Ryan Gauthier officer: Chief Legal Officer & CCO 8360 E. RAINTREE DRIVE, #230, SCOTTSDALE AZ 85260
Art Friedman director C/O ZONED PROPERTIES, INC., 14300 N. NORTHSIGHT BLVD.,#208,, SCOTTSDALE AZ 85260
Berekk Alan Blackwell officer: Chief Operating Officer C/O ZONED PROPERTIES, INC., 14269 N. 87TH STREET, #205, SCOTTSDALE AZ 85260
Jody Kevin Kane director 92 VALLEY ROAD, WEST HARRISION NY 10604
David G. Honaman director C/O ZONED PROPERTIES, INC., 14300 N. NORTHSIGHT BLVD., #208, SCOTTSDALE AZ 85260
Adam C Wasserman officer: Chief Financial Officer 1643 ROYAL GROVE WAY, WESTON FL 33327
Irvin Rosenfeld director C/O ZONED PROPERTIES, INC., 14300 N. NORTHSIGHT BLVD., #208, SCOTTSDALE AZ 85260
Alan B. Abrams 10 percent owner 2286 E. WALKER RD, PRESCOTT AZ 86303
Christopher Carra 10 percent owner 8880 E FRIESS, SCOTTSDALE AZ 85260
Greg Johnston 10 percent owner 915 STITCH RD., LAKE STEVENS WA 98258
Alex Mclaren director C/O ZONED PROPERTIES, INC., 14300 N. NORTHSIGHT BLVD., #208, SCOTTSDALE AZ 85260
Patricia Haugland officer: Chief Operating Officer C/O ZONED PROPERTIES, INC., 14300 N. NORTHSIGHT BLVD., #208, SCOTTSDALE AZ 85260
Christopher Michael Anzalone director, 10 percent owner, officer: President and CEO 6301 NW 5TH WAY, SUITE 5000, FT. LAUDERDALE FL 33309