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AETHF (Aether Global Innovations) Net-Net Working Capital : $-0.01 (As of May. 2024)


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What is Aether Global Innovations 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.

Aether Global Innovations's Net-Net Working Capital for the quarter that ended in May. 2024 was $-0.01.

The industry rank for Aether Global Innovations's Net-Net Working Capital or its related term are showing as below:

AETHF's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.55
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Aether Global Innovations Net-Net Working Capital Historical Data

The historical data trend for Aether Global Innovations'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.

Aether Global Innovations Net-Net Working Capital Chart

Aether Global Innovations Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 -0.01 -0.01 -0.03 -

Aether Global Innovations Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 - - - - -0.01

Competitive Comparison of Aether Global Innovations's Net-Net Working Capital

For the Security & Protection Services subindustry, Aether Global Innovations'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.


Aether Global Innovations's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Aether Global Innovations's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Aether Global Innovations's Price-to-Net-Net-Working-Capital falls into.


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Aether Global Innovations Net-Net Working Capital Calculation

Aether Global Innovations's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Nov. 2023 is calculated as

Net-Net Working Capital(A: Nov. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.028+0.75 * 0+0.5 * 0-0.363
-0-0)/105.504
=-0.00

Aether Global Innovations's Net-Net Working Capital (NNWC) per share for the quarter that ended in May. 2024 is calculated as

Net-Net Working Capital(Q: May. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.012+0.75 * 0+0.5 * 0-0.612
-0-0)/105.504
=-0.01

* 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.


Aether Global Innovations  (OTCPK:AETHF) 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.


Aether Global Innovations Net-Net Working Capital Related Terms

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Aether Global Innovations Business Description

Traded in Other Exchanges
Address
1199 W Hastings Street, Suite 700, Vancouver, BC, CAN, V6E 3T5
Aether Global Innovations Corp is an innovative UAV drone management and operations services company that focuses on three areas critical infrastructure and large public and private facilities. These three areas include drone management and surveillance monitoring, automation and integration for flight planning, new sensor payloads, stand-alone power source and drone base station infrastructure, and technology for autonomous self-landing, power charging, and take-off.

Aether Global Innovations Headlines