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IPRC (Imperial Resources) Net-Net Working Capital : $-0.05 (As of Dec. 2012)


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What is Imperial Resources 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.

Imperial Resources's Net-Net Working Capital for the quarter that ended in Dec. 2012 was $-0.05.

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

IPRC's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.055
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Imperial Resources Net-Net Working Capital Historical Data

The historical data trend for Imperial Resources'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.

Imperial Resources Net-Net Working Capital Chart

Imperial Resources Annual Data
Trend Mar09 Mar10 Mar11 Mar12
Net-Net Working Capital
- -0.02 0.01 -0.05

Imperial Resources Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
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 -0.05 -0.05 -0.05 -0.05 -0.05

Competitive Comparison of Imperial Resources's Net-Net Working Capital

For the Oil & Gas E&P subindustry, Imperial Resources'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.


Imperial Resources's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

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

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



Imperial Resources Net-Net Working Capital Calculation

Imperial Resources's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2012 is calculated as

Net-Net Working Capital(A: Mar. 2012 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.092+0.75 * 0.017+0.5 * 0-2.072
-0-0)/42.8946
=-0.05

Imperial Resources's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2012 is calculated as

Net-Net Working Capital(Q: Dec. 2012 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.044+0.75 * 0.038+0.5 * 0-2.395
-0-0)/43.4762
=-0.05

* 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.


Imperial Resources  (OTCPK:IPRC) 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.


Imperial Resources Net-Net Working Capital Related Terms

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Imperial Resources Business Description

Traded in Other Exchanges
N/A
Address
106 East 6th Street, Suite 900, Austin, TX, USA, 78701
Imperial Resources Inc has decided to focus its core activities on development and exploration of oil and gas assets in the United States through its wholly-owned subsidiary. It is an exploration stage company. It explores for asphalt, gold, and other precious metals.

Imperial Resources Headlines

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