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Kingsland Minerals (ASX:KNG) Net-Net Working Capital : A$0.02 (As of Dec. 2024)


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What is Kingsland Minerals 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.

Kingsland Minerals's Net-Net Working Capital for the quarter that ended in Dec. 2024 was A$0.02.

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

ASX:KNG's Price-to-Net-Net-Working-Capital is ranked better than
54.77% of 860 companies
in the Metals & Mining industry
Industry Median: 6.5 vs ASX:KNG: 5.75

Kingsland Minerals Net-Net Working Capital Historical Data

The historical data trend for Kingsland Minerals'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.

Kingsland Minerals Net-Net Working Capital Chart

Kingsland Minerals Annual Data
Trend Jun22 Jun23 Jun24
Net-Net Working Capital
0.11 0.07 0.01

Kingsland Minerals Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Net-Net Working Capital Get a 7-Day Free Trial 0.07 0.07 0.04 0.01 0.02

Competitive Comparison of Kingsland Minerals's Net-Net Working Capital

For the Other Industrial Metals & Mining subindustry, Kingsland Minerals'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.

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

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

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


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Kingsland Minerals Net-Net Working Capital Calculation

Kingsland Minerals'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)
=(1.347+0.75 * 0+0.5 * 0-0.506
-0-0)/61.450
=0.01

Kingsland Minerals'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)
=(2.44+0.75 * 0.128+0.5 * 0-0.731
-0-0)/72.561
=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.

Kingsland Minerals  (ASX:KNG) 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.

Kingsland Minerals Net-Net Working Capital Related Terms

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Kingsland Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingsland Minerals Ltd (ASX:KNG) » Definitions » Net-Net Working Capital
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Traded in Other Exchanges
N/A
Address
43 Ventnor Avenue, Level 1, West Perth, Perth, WA, AUS, 6005
Website
https://www.kingslandminerals.com.au
Kingsland Minerals Ltd is an early-stage mineral exploration and development company focused on gold, base metals, and uranium discoveries within projects located in the Northern Territory and Western Australia. It holds interest in Allamber, Woolgni, Shoobridge, and Mount Davis projects located in the Northern Territory; and Lake Johnston Project located in Western Australia. The Group has one reportable segment, being mineral exploration activities in Australia.