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The Graystone Co (The Graystone Co) Net-Net Working Capital : $-0.02 (As of Sep. 2013)


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What is The Graystone Co 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.

The Graystone Co's Net-Net Working Capital for the quarter that ended in Sep. 2013 was $-0.02.

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

GYST's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.9
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

The Graystone Co Net-Net Working Capital Historical Data

The historical data trend for The Graystone Co'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.

The Graystone Co Net-Net Working Capital Chart

The Graystone Co Annual Data
Trend Dec10 Dec11 Dec12
Net-Net Working Capital
- - -0.01

The Graystone Co Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
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 -0.01 -0.01 -0.02 -0.02 -0.02

Competitive Comparison of The Graystone Co's Net-Net Working Capital

For the Mortgage Finance subindustry, The Graystone Co'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.


The Graystone Co's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The Graystone Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



The Graystone Co Net-Net Working Capital Calculation

The Graystone Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2012 is calculated as

Net-Net Working Capital(A: Dec. 2012 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.015+0.75 * 0+0.5 * 0-0.582
-0-0)/50.0001
=-0.01

The Graystone Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2013 is calculated as

Net-Net Working Capital(Q: Sep. 2013 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.004+0.75 * 0+0.5 * 0-0.833
-0-0)/50.0379
=-0.02

* 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.


The Graystone Co  (OTCPK:GYST) 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.


The Graystone Co Net-Net Working Capital Related Terms

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The Graystone Co (The Graystone Co) Business Description

Traded in Other Exchanges
N/A
Address
2620 Regatta Drive, Suite 102, Las Vegas, CO, USA, 89128
The Graystone Co Inc is a holding company. It is involved in acquiring and developing mining properties amenable to low production cost. The company's mining operations mainly focus on acquiring properties that require a lower capital investment. Its projects include Gorilla, Graystone II and Graystone III located in Loreto and Amazonas, Peru.