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Ratnaveer Precision Engineering (BOM:543978) Net-Net Working Capital : ₹0.00 (As of Jun. 2024)


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What is Ratnaveer Precision Engineering 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.

Ratnaveer Precision Engineering's Net-Net Working Capital for the quarter that ended in Jun. 2024 was ₹0.00.

The industry rank for Ratnaveer Precision Engineering's Net-Net Working Capital or its related term are showing as below:

BOM:543978's Price-to-Net-Net-Working-Capital is not ranked *
in the Steel industry.
Industry Median: 5.63
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Ratnaveer Precision Engineering Net-Net Working Capital Historical Data

The historical data trend for Ratnaveer Precision Engineering'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.

Ratnaveer Precision Engineering Net-Net Working Capital Chart

Ratnaveer Precision Engineering Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
-17.64 -21.84 -26.10 -27.28 -21.53

Ratnaveer Precision Engineering Quarterly Data
Mar20 Mar21 Mar22 Aug22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only -27.28 - - -21.53 -

Competitive Comparison of Ratnaveer Precision Engineering's Net-Net Working Capital

For the Steel subindustry, Ratnaveer Precision Engineering'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.


Ratnaveer Precision Engineering's Price-to-Net-Net-Working-Capital Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ratnaveer Precision Engineering's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Ratnaveer Precision Engineering's Price-to-Net-Net-Working-Capital falls into.



Ratnaveer Precision Engineering Net-Net Working Capital Calculation

Ratnaveer Precision Engineering's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(34.94+0.75 * 447.65+0.5 * 2449.29-2639.74
-0-0)/48.499
=-21.53

Ratnaveer Precision Engineering's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 2024 )
=(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-N/A
-0-0)/48.499
=N/A

* 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.


Ratnaveer Precision Engineering  (BOM:543978) 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.


Ratnaveer Precision Engineering Net-Net Working Capital Related Terms

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Ratnaveer Precision Engineering Business Description

Traded in Other Exchanges
Address
Plot no. E-77, G.I.D.C, Savli (Manjusar), Vadodara, GJ, IND, 391 775
Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers.

Ratnaveer Precision Engineering Headlines

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