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Central Energy Partners LP (Central Energy Partners LP) Net-Net Working Capital : $-0.46 (As of Jun. 2015)


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What is Central Energy Partners LP 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.

Central Energy Partners LP's Net-Net Working Capital for the quarter that ended in Jun. 2015 was $-0.46.

The industry rank for Central Energy Partners LP's Net-Net Working Capital or its related term are showing as below:

ENGY's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.5
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Central Energy Partners LP Net-Net Working Capital Historical Data

The historical data trend for Central Energy Partners LP'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.

Central Energy Partners LP Net-Net Working Capital Chart

Central Energy Partners LP Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.45 -0.50 -0.55 -0.50 -0.43

Central Energy Partners LP Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 -0.44 -0.43 -0.46 -0.46 -0.48

Competitive Comparison of Central Energy Partners LP's Net-Net Working Capital

For the Oil & Gas Midstream subindustry, Central Energy Partners LP'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.


Central Energy Partners LP's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Central Energy Partners LP's Price-to-Net-Net-Working-Capital falls into.



Central Energy Partners LP Net-Net Working Capital Calculation

Central Energy Partners LP's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2014 is calculated as

Net-Net Working Capital(A: Dec. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.067+0.75 * 0.294+0.5 * 0-8.765
-0-0)/19.5915
=-0.43

Central Energy Partners LP's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2015 is calculated as

Net-Net Working Capital(Q: Jun. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.087+0.75 * 0.195+0.5 * 0-9.258
-0-0)/19.5915
=-0.46

* 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.


Central Energy Partners LP  (GREY:ENGY) 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.


Central Energy Partners LP Net-Net Working Capital Related Terms

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Central Energy Partners LP (Central Energy Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
4809 Cole Avenue, Suite 108, Dallas, TX, USA, 75205
Central Energy Partners LP provides liquid bulk storage, trans-loading, and transportation services for hazardous chemicals and petroleum products. Its key activities include the storage, transportation and railcar trans-loading of bulk liquids, including hazardous chemicals and petroleum products. It transports a range of hazardous products, such as aluminum sulfate solution, hydrochloric acid, sulfuric acid, aqua ammonia, sodium bisulfate and fuel blends.
Executives
Alan D Bell director C/O DUNE ENERGY, INC., TWO SHELL PLAZA, 777 WALKER STREET, SUITE 2300, HOUSTON TX 77002
Ian T Bothwell officer: EVP, CFO & Secretary 77 530 ENFIELD LANE, BLDG D, PALM DESERT CA 92211
David M. Laney director 901 MAIN STREET, SUITE 3601, DALLAS TX 75202
Jerry V Swank director 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Daniel L Spears director C/O EMERALD OIL, INC., 200 COLUMBINE, SUITE 500, DENVER CO 80206
Imad K. Anbouba director, officer: General Partner 10440 N CENTRAL EXPWAY, SUITE 1010, DALLAS TX 75231
Cushing Mlp Opportunity Fund I, Lp 10 percent owner 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Bruce I Raben director 430 VICTORIA TERRACE, RIDGEFIELD NJ 7657
Cushing Mlp Asset Management, Lp 10 percent owner 600 NORTH PEARL STREET, SUITE 1205, DALLAS TX 75201
Swank Capital, Llc 10 percent owner 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225

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