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A-Mark Precious Metals (A-Mark Precious Metals) Net-Net Working Capital : $-18.99 (As of Dec. 2023)


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What is A-Mark Precious Metals 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.

A-Mark Precious Metals's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-18.99.

The industry rank for A-Mark Precious Metals's Net-Net Working Capital or its related term are showing as below:

AMRK's Price-to-Net-Net-Working-Capital is not ranked *
in the Capital Markets industry.
Industry Median: 6.845
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

A-Mark Precious Metals Net-Net Working Capital Historical Data

The historical data trend for A-Mark Precious Metals'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.

A-Mark Precious Metals Net-Net Working Capital Chart

A-Mark Precious Metals Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -32.99 -30.71 -20.89 -20.56 -17.24

A-Mark Precious Metals 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 -19.09 -18.26 -17.24 -18.16 -18.99

Competitive Comparison of A-Mark Precious Metals's Net-Net Working Capital

For the Capital Markets subindustry, A-Mark Precious Metals'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.


A-Mark Precious Metals's Price-to-Net-Net-Working-Capital Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, A-Mark Precious Metals's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where A-Mark Precious Metals's Price-to-Net-Net-Working-Capital falls into.



A-Mark Precious Metals Net-Net Working Capital Calculation

A-Mark Precious Metals's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2023 is calculated as

Net-Net Working Capital(A: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(39.318+0.75 * 18.71+0.5 * 981.643-945.178
-0-1.27)/23.3364
=-17.24

A-Mark Precious Metals'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)
=(28.495+0.75 * 28.577+0.5 * 1110.35-1038.478
-0-1.621)/22.9011
=-18.99

* 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.


A-Mark Precious Metals  (NAS:AMRK) 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.


A-Mark Precious Metals Net-Net Working Capital Related Terms

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A-Mark Precious Metals (A-Mark Precious Metals) Business Description

Traded in Other Exchanges
Address
2121 Rosecrans Avenue, Suite 6300, El Segundo, CA, USA, 90245
A-Mark Precious Metals Inc is a precious metal trading company. It is principally engaged in the wholesale of gold, silver, platinum and palladium bullion and related products in the form of bars, wafers, coins, and grains. The company's operating segment includes Wholesale Trading and Ancillary Services; Secured Lending and Direct Sales. It generates maximum revenue from the Wholesale Trading and Ancillary Services segment. The Wholesale Trading and Ancillary Services segment comprises business units such as Industrial, Coin and Bar, Trading and Finance, Storage, Logistics, and Mint. Geographically, it derives a majority of its revenue from the United States.
Executives
Michael R. Wittmeyer director 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Brian Aquilino officer: Chief Operating Officer 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Beverley Lepine director 429 SANTA MONICA BLVD., SUITE 230, SANTA MONICA CA 90401
Carol Meltzer officer: EVP, Gen. Counsel & Secretary 775 PASSAIC AVE, WEST CALDWELL NJ 07006
Gregory N Roberts director, 10 percent owner, officer: Chief Executive Officer 2625 ST ANDREWS, TUSTIN CA 92660
Thor Gjerdrum officer: President 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Jeffrey D Benjamin director, 10 percent owner 9 WEST 57TH STREET, 43TH FLOOR, NEW YORK NY 10019
Jess M Ravich director 11766 WILSHIRE BOULEVARD, SUITE 870, LOS ANGELES CA 90025
Kendall Saville director 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Moorhead John director 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
William A Richardson 10 percent owner 2880 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
Kathleen Taylor-simpson officer: Chief Financial Officer 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
A-mark Precious Metals, Inc. director 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Monique Sanchez director 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245
Ellis Landau director CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148