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Ventura Offshore Holding (FRA:G4C) Net-Net Working Capital : €-3.20 (As of Dec. 2023)


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What is Ventura Offshore Holding 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.

Ventura Offshore Holding's Net-Net Working Capital for the quarter that ended in Dec. 2023 was €-3.20.

The industry rank for Ventura Offshore Holding's Net-Net Working Capital or its related term are showing as below:

FRA:G4C's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.775
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Ventura Offshore Holding Net-Net Working Capital Historical Data

The historical data trend for Ventura Offshore Holding'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.

Ventura Offshore Holding Net-Net Working Capital Chart

Ventura Offshore Holding Annual Data
Trend Dec21 Dec22 Dec23
Net-Net Working Capital
-9.17 -10.74 -3.20

Ventura Offshore Holding Semi-Annual Data
Dec21 Dec22 Dec23
Net-Net Working Capital -9.17 -10.74 -3.20

Competitive Comparison of Ventura Offshore Holding's Net-Net Working Capital

For the Oil & Gas Drilling subindustry, Ventura Offshore Holding'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.


Ventura Offshore Holding's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ventura Offshore Holding's Price-to-Net-Net-Working-Capital falls into.



Ventura Offshore Holding Net-Net Working Capital Calculation

Ventura Offshore Holding's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(21.522+0.75 * 25.543+0.5 * 0-312.94
-0-0)/85
=-3.20

Ventura Offshore Holding's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(21.522+0.75 * 25.543+0.5 * 0-312.94
-0-0)/85
=-3.20

* 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.


Ventura Offshore Holding  (FRA:G4C) 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.


Ventura Offshore Holding Net-Net Working Capital Related Terms

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Ventura Offshore Holding Business Description

Comparable Companies
Traded in Other Exchanges
Address
Avenida Lacerda Agostinho, 1205 - Virgem Santa, Macae, RJ, BRA, CEP: 27948-005
Ventura Offshore Holding Ltd is a deep water drilling contractor providing offshore drilling services to the oil and gas industry. The Group focuses on deep water drilling operations in water depths of up to 12,000 feet and core activities are focused in the Brazilian offshore oil and gas market. Also Group owns and operates the drillship Carolina and the semisubmersible rig Victoria (the Owned Rigs), and manages the drillship Zonda and semisubmersible rig Catarina (the Managed Rigs, and together with the Owned Rigs, the Rigs), all of which drilling rigs capable of drilling in ultra deep waters.

Ventura Offshore Holding Headlines

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