ACDC Metals (ASX:ADC) Net-Net Working Capital : A$0.04 (As of Dec. 2024)

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What is ACDC 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.

ACDC Metals's Net-Net Working Capital for the quarter that ended in Dec. 2024 was A$0.04.

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

ASX:ADC's Price-to-Net-Net-Working-Capital is ranked better than
96.2% of 843 companies
in the Metals & Mining industry
Industry Median: 7.2 vs ASX:ADC: 1.10

ACDC Metals Net-Net Working Capital Historical Data

The historical data trend for ACDC 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.

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ACDC Metals Net-Net Working Capital Chart

ACDC Metals Annual Data

Trend

Jun22

Jun23

Jun24

Net-Net Working Capital

0.10

0.08

0.05

ACDC Metals Semi-Annual Data
	Jun22	Jun23	Dec23	Jun24	Dec24
Net-Net Working Capital	0.10	0.08	0.07	0.05	0.04

Competitive Comparison of ACDC Metals's Net-Net Working Capital

For the Other Industrial Metals & Mining subindustry, ACDC 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.

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

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

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

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ACDC Metals Net-Net Working Capital Calculation

ACDC Metals's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2024 is calculated as

	Net-Net Working Capital		(A: Jun. 2024 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3.596	+	0.75 * 0.005	+	0.5 * 0	-	0.325
-	0	-	0)	/	72.305
=	0.05

ACDC Metals's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2024 is calculated as

	Net-Net Working Capital		(Q: Dec. 2024 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.682	+	0.75 * 0.036	+	0.5 * 0	-	0.108
-	0	-	0)	/	73.275
=	0.04

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.

ACDC Metals (ASX:ADC) 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.

ACDC Metals Net-Net Working Capital Related Terms

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ACDC Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ACDC Metals Ltd (ASX:ADC) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Collins Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.acdcmetals.com.au

ACDC Metals Ltd is a mineral exploration company incorporated with the view of undertaking mineral exploration and resource development, focusing on heavy mineral sands projects located in Victoria, Australia, with the ultimate goal of producing heavy mineral sands (HMS) products and rare earth elements (REE) from its Victorian assets, and further developing its licensed rare earth extraction technology. It has three operating segments: Exploration and project development; Development of ACDC Metals Rare Earth Processing Plant (REPP) Project and Corporate costs.