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Enseco Energy Services (Enseco Energy Services) Net-Net Working Capital : $-0.68 (As of Jun. 2015)


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What is Enseco Energy Services 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.

Enseco Energy Services's Net-Net Working Capital for the quarter that ended in Jun. 2015 was $-0.68.

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

ENSRF's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.32
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Enseco Energy Services Net-Net Working Capital Historical Data

The historical data trend for Enseco Energy Services'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.

Enseco Energy Services Net-Net Working Capital Chart

Enseco Energy Services Annual Data
Trend Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Dec13 Dec14
Net-Net Working Capital
Get a 7-Day Free Trial -2.01 -1.92 -1.09 -0.87 -0.88

Enseco Energy Services Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 -0.96 -0.97 -0.88 -0.67 -0.68

Competitive Comparison of Enseco Energy Services's Net-Net Working Capital

For the Oil & Gas Drilling subindustry, Enseco Energy Services'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.


Enseco Energy Services's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

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

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



Enseco Energy Services Net-Net Working Capital Calculation

Enseco Energy Services'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+0.75 * 20.169+0.5 * 0.271-34.998
-0-0)/22.407
=-0.88

Enseco Energy Services'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+0.75 * 3.442+0.5 * 0.204-17.817
-0-0)/22.407
=-0.68

* 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.


Enseco Energy Services  (OTCPK:ENSRF) 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.


Enseco Energy Services Net-Net Working Capital Related Terms

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Enseco Energy Services (Enseco Energy Services) Business Description

Traded in Other Exchanges
N/A
Address
138 - 4th Avenue SE, Suite 800, Calgary, AB, CAN, T2G 4Z6
Enseco Energy Services Corp is primarily involved in the exploration of oil and natural resource business activities. It also involved in directional and horizontal drilling, production and frac flow backtesting. The company operates in two regions namely Western Canadian Sedimentary Basin and select markets in the United States of America (USA). It derives most of its revenues from the sale of the exploration business and has operations spread across Canada.

Enseco Energy Services (Enseco Energy Services) Headlines

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