CMNR (Commerce Energy Group) Net-Net Working Capital : $0.00 (As of Apr. 2009)

Commerce Energy Group Net-Net Working Capital Chart

Commerce Energy Group Annual Data
	Trend	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul06	Jul07	Jul08
Net-Net Working Capital		Get a 7-Day Free Trial				1.33	0.76	0.52	0.41	-0.37

Commerce Energy Group Quarterly Data
	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08	Oct08	Jan09	Apr09
Net-Net Working Capital	Get a 7-Day Free Trial															0.46	-0.37	-	-	-

Competitive Comparison of Commerce Energy Group's Net-Net Working Capital

For the Utilities - Diversified subindustry, Commerce Energy Group'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.

Commerce Energy Group's Price-to-Net-Net-Working-Capital Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Commerce Energy Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Commerce Energy Group's Price-to-Net-Net-Working-Capital falls into.

Commerce Energy Group Net-Net Working Capital Calculation

Commerce Energy Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jul. 2008 is calculated as

Commerce Energy Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Apr. 2009 is calculated as

* 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.

Commerce Energy Group  (OTCPK:CMNR) 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.

Commerce Energy Group Net-Net Working Capital Related Terms

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Commerce Energy Group Business Description