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Bashneft PJSOC (Bashneft PJSOC) Net-Net Working Capital : $-19.27 (As of Dec. 2023)


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What is Bashneft PJSOC 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.

Bashneft PJSOC's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-19.27.

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

BHNFF's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.4
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Bashneft PJSOC Net-Net Working Capital Historical Data

The historical data trend for Bashneft PJSOC'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.

Bashneft PJSOC Net-Net Working Capital Chart

Bashneft PJSOC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.84 -12.86 -13.93 -10.97 -19.27

Bashneft PJSOC Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 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 -11.69 -10.97 -24.20 -20.99 -19.27

Competitive Comparison of Bashneft PJSOC's Net-Net Working Capital

For the Oil & Gas Integrated subindustry, Bashneft PJSOC'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.


Bashneft PJSOC's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bashneft PJSOC's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Bashneft PJSOC Net-Net Working Capital Calculation

Bashneft PJSOC's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0-3272.226
-0-0)/169.798
=-19.27

Bashneft PJSOC'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)
=(0+0.75 * 0+0.5 * 0-3272.226
-0-0)/169.798
=-19.27

* 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.


Bashneft PJSOC  (GREY:BHNFF) 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.


Bashneft PJSOC Net-Net Working Capital Related Terms

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Bashneft PJSOC (Bashneft PJSOC) Business Description

Industry
Traded in Other Exchanges
Address
30, Building 1, Karla Marksa Street, The city of Ufa, Republic of Bashkortostan, RUS, 450077
Bashneft PJSOC is an integrated oil company that engages in exploration and production, refining, and marketing activities. Its operational assets are located in the Russian producing regions of the Republic of Bashkortostan, Khanty-Mansiysk Autonomous Okrug, Nenets Autonomous Okrug, Orenburg Region and the Republic of Tatarstan, and also conducts geological exploration in Iraq and Myanmar. In many of its fields, Bashneft has utilized a number of geological and engineering operations, like hydraulic fracturing, to sustain production numbers. Refining and marketing (downstream) operations are also located throughout Russia.

Bashneft PJSOC (Bashneft PJSOC) Headlines

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