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Far East Gold (ASX:FEG) Net-Net Working Capital : A$0.02 (As of Dec. 2024)


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What is Far East Gold 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.

Far East Gold's Net-Net Working Capital for the quarter that ended in Dec. 2024 was A$0.02.

The industry rank for Far East Gold's Net-Net Working Capital or its related term are showing as below:

ASX:FEG's Price-to-Net-Net-Working-Capital is ranked worse than
53.74% of 843 companies
in the Metals & Mining industry
Industry Median: 7.25 vs ASX:FEG: 7.75

Far East Gold Net-Net Working Capital Historical Data

The historical data trend for Far East Gold'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.

Far East Gold Net-Net Working Capital Chart

Far East Gold Annual Data
Trend Jun22 Jun23 Jun24
Net-Net Working Capital
0.03 - -0.01

Far East Gold Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Net-Net Working Capital Get a 7-Day Free Trial 0.04 - 0.01 -0.01 0.02

Competitive Comparison of Far East Gold's Net-Net Working Capital

For the Other Precious Metals & Mining subindustry, Far East Gold'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.

Far East Gold's Price-to-Net-Net-Working-Capital Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Far East Gold's Price-to-Net-Net-Working-Capital falls into.


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Far East Gold Net-Net Working Capital Calculation

Far East Gold'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)
=(1.091+0.75 * 0+0.5 * 0-1.721
-0-2.586)/257.587
=-0.01

Far East Gold'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)
=(10.446+0.75 * 0.184+0.5 * 0-1.294
-0-2.664)/343.110
=0.02

* 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.

Far East Gold  (ASX:FEG) 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.

Far East Gold Net-Net Working Capital Related Terms

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Far East Gold Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Far East Gold Ltd (ASX:FEG) » Definitions » Net-Net Working Capital
Comparable Companies
ASX:PUA ASX:IDA ASX:RIM ASX:MMA ASX:BDM ASX:MPK ASX:OSM ASX:CNB ASX:AGD ASX:MM1 ISX:AMMN JSE:AMS LSE:FRES SZSE:000975 JSE:IMP OICT TSX:TFPM JSE:SSW LIM:BUENAVC1 TSXV:ARTG
Traded in Other Exchanges
N/A
Address
324 Queen Street, Level 18, Brisbane, QLD, AUS, 4000
Website
https://www.fareast.gold
Far East Gold Ltd is engaged in the exploration of minerals. Its principal activities consist of asset acquisition agreements, the commencement and continuation of permitting activities, and mineral exploration and evaluation. The company has secured commercial rights for the acquisition, exploration, and development of various gold and copper projects in Indonesia and Australia. The group operates in two segments namely Australia and Indonesia. Its projects include Hill 212, Blue Grass Creek, Mount Clark West, Reedy Creek, Woyla, Wonogiri, Idenburg, and Trenggalek.

Far East Gold Headlines

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