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Firemans Contractors (Firemans Contractors) Net-Net Working Capital : $0.00 (As of Mar. 2014)


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What is Firemans Contractors 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.

Firemans Contractors's Net-Net Working Capital for the quarter that ended in Mar. 2014 was $0.00.

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

FRCN's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.505
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Firemans Contractors Net-Net Working Capital Historical Data

The historical data trend for Firemans Contractors'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.

Firemans Contractors Net-Net Working Capital Chart

Firemans Contractors Annual Data
Trend Jun11 Jun12 Jun13
Net-Net Working Capital
-0.24 -0.73 -0.08

Firemans Contractors Quarterly Data
Mar10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14
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 -0.08 -0.08 -0.06 - -

Competitive Comparison of Firemans Contractors's Net-Net Working Capital

For the Engineering & Construction subindustry, Firemans Contractors'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.


Firemans Contractors's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

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

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



Firemans Contractors Net-Net Working Capital Calculation

Firemans Contractors's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2013 is calculated as

Net-Net Working Capital(A: Jun. 2013 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.018+0.75 * 0.117+0.5 * 0-1.376
-0.255-0)/18.9666
=-0.08

Firemans Contractors's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2014 is calculated as

Net-Net Working Capital(Q: Mar. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.028+0.75 * 0.082+0.5 * 0-1.375
-0.29-0)/560.333
=-0.00

* 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.


Firemans Contractors  (OTCPK:FRCN) 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.


Firemans Contractors Net-Net Working Capital Related Terms

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Firemans Contractors (Firemans Contractors) Business Description

Traded in Other Exchanges
N/A
Address
2313 E Loop 820 N, Fort Worth, TX, USA, 76118
Firemans Contractors Inc is a full service painting company, focusing on residential, commercial and industrial parking lot striping, and parking lot maintenance services.

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