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Conforce International (Conforce International) Net-Net Working Capital : $-0.01 (As of Sep. 2012)


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What is Conforce International 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.

Conforce International's Net-Net Working Capital for the quarter that ended in Sep. 2012 was $-0.01.

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

CFRI's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.515
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Conforce International Net-Net Working Capital Historical Data

The historical data trend for Conforce International'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.

Conforce International Net-Net Working Capital Chart

Conforce International Annual Data
Trend Mar09 Mar10 Mar11 Mar12
Net-Net Working Capital
-0.01 -0.03 0.03 -

Conforce International Quarterly Data
Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
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 0.01 - - - -0.01

Competitive Comparison of Conforce International's Net-Net Working Capital

For the Building Products & Equipment subindustry, Conforce International'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.


Conforce International's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Conforce International's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Conforce International Net-Net Working Capital Calculation

Conforce International's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2012 is calculated as

Net-Net Working Capital(A: Mar. 2012 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.447+0.75 * 0.025+0.5 * 0.684-2.085
-0-0)/160.12
=-0.00

Conforce International's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2012 is calculated as

Net-Net Working Capital(Q: Sep. 2012 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.375+0.75 * 0.053+0.5 * 0.686-2.002
-0-0)/160.12
=-0.01

* 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.


Conforce International  (OTCPK:CFRI) 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.


Conforce International Net-Net Working Capital Related Terms

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Conforce International (Conforce International) Business Description

Traded in Other Exchanges
N/A
Address
51A Caldari Road, 2nd Floor, Concord, ON, CAN, L4K 4G3
Conforce International Inc is a United States based company, through its subsidiary, is engaged in the development of polymer-based composite flooring system for the transportation industry trademarked under the name EKO-FLOR. The product offered by the company is designed for container and highway trailer.

Conforce International (Conforce International) Headlines

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