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IMTO (Intermetro Commun) Net-Net Working Capital : $-0.11 (As of Sep. 2014)


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What is Intermetro Commun 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.

Intermetro Commun's Net-Net Working Capital for the quarter that ended in Sep. 2014 was $-0.11.

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

IMTO's Price-to-Net-Net-Working-Capital is not ranked *
in the Telecommunication Services industry.
Industry Median: 10.005
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Intermetro Commun Net-Net Working Capital Historical Data

The historical data trend for Intermetro Commun'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.

Intermetro Commun Net-Net Working Capital Chart

Intermetro Commun Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only -0.31 -0.26 -0.20 -0.15 -0.17

Intermetro Commun Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 -0.16 -0.17 -0.17 -0.17 -0.11

Competitive Comparison of Intermetro Commun's Net-Net Working Capital

For the Telecom Services subindustry, Intermetro Commun'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.


Intermetro Commun's Price-to-Net-Net-Working-Capital Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Intermetro Commun's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Intermetro Commun Net-Net Working Capital Calculation

Intermetro Commun's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2013 is calculated as

Net-Net Working Capital(A: Dec. 2013 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.171+0.75 * 1.528+0.5 * 0-15.376
-0.001-0)/82.736
=-0.17

Intermetro Commun's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2014 is calculated as

Net-Net Working Capital(Q: Sep. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.317+0.75 * 1.054+0.5 * 0-12.398
-0.002-0)/103.084
=-0.11

* 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.


Intermetro Commun  (OTCPK:IMTO) 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.


Intermetro Commun Net-Net Working Capital Related Terms

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Intermetro Commun Business Description

Traded in Other Exchanges
N/A
Address
2685 Park Center Drive, Building A, Simi Valley, CA, USA, 93065
Intermetro Commun Inc provides voice and data communication services. It owns and operates a national, private, proprietary voice-over-Internet Protocol network infrastructure powered by state-of-the-art switching equipment. The company's services are offered through the carrier and retail source. The carrier service offerings include MetroUSA Toll-Free Service, MetroDirect Toll-Free Service, and MetroEOS Enhanced Origination Service. The retail services include unlimited talk, minute values, and others. Geographically it operates its business through the United States.
Executives
David Lewis Olert officer: Chief Financial Officer 2685 PARK CENTER DRIVE, BLDG A, SIMI VALLEY CA 93065

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