ACMB (Agro Capital Management) Net-Net Working Capital: $-0.21 (As of Jun. 2017)


What is Agro Capital Management Net-Net Working Capital?

Agro Capital Management ACMB -0.01% Net-Net Working Capital is $-0.21 as of Jun. 2017.

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.

Agro Capital Management's Net-Net Working Capital for the quarter that ended in Jun. 2017 was $-0.21.

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

ACMB's Price-to-Net-Net-Working-Capital is not ranked *
in the Conglomerates industry.
Industry Median: 5.97
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Agro Capital Management  (OTCPK:ACMB) 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.


Agro Capital Management Net-Net Working Capital Related Terms


Agro Capital Management Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Agro Capital Management'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.

Agro Capital Management Net-Net Working Capital Chart

Agro Capital Management Annual Data
Trend Dec13 Dec14 Dec15 Dec16
Net-Net Working Capital
0.00 0.01 -0.05 -0.14

Agro Capital Management Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 -0.10 -0.12 -0.14 -0.19 -0.21

ACMB vs SHRG, CAPD, GRYN: Net-Net Working Capital Comparison

For the Conglomerates subindustry, Agro Capital Management'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.


Agro Capital Management Price-to-Net-Net-Working-Capital vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Agro Capital Management's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Agro Capital Management Net-Net Working Capital Calculation

Agro Capital Management's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2016 is calculated as

Net-Net Working Capital(A: Dec. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0-0.103
-0-0)/0.725
=-0.14

Agro Capital Management's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2017 is calculated as

Net-Net Working Capital(Q: Jun. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0-0.165
-0-0)/0.796
=-0.21

* 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.

What does a Net-Net Working Capital of $-0.21 mean?
Agro Capital Management (ACMB) has a Net-Net Working Capital of $-0.21 as of Jun. 2017. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Agro Capital Management
Is Agro Capital Management's Net-Net Working Capital too high?
Agro Capital Management's current Net-Net Working Capital is $-0.21.
How does Agro Capital Management's Net-Net Working Capital compare to SHRG and CAPD?
Agro Capital Management's Net-Net Working Capital of $-0.21 can be compared against companies in the Conglomerates industry. The industry median Net-Net Working Capital is 5.97. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Conglomerates company?
The median Net-Net Working Capital among Conglomerates companies is 5.97, based on 113 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Agro Capital Management For the Conglomerates industry, the median Net-Net Working Capital is 5.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agro Capital Management's current Net-Net Working Capital is $-0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agro Capital Management stock overvalued right now?
Agro Capital Management (ACMB) has a current Net-Net Working Capital of $-0.21. The current Net-Net Working Capital is $-0.21. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Agro Capital Management (ACMB), the current Net-Net Working Capital is $-0.21 as of Jun. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Agro Capital Management Business Description

Address No. 16,, Beiping 2nd Street, 3 F-1, Sanmin District, Kaohshung, TWN, 807341
Agro Capital Management Corp is a diversified holding company providing extraction, management, and consulting services. It is a trusted partner to the cultivation, manufacturing, and retail side of the business. As a holding company, its subsidiaries can leverage the strengths of each other, as well as a larger balance sheet, to succeed. Its subsidiary operates as a licensed manufacturer and distributor of cannabis products within California.