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Jupiter Marine International Holdings (Jupiter Marine International Holdings) Net-Net Working Capital : $-0.10 (As of Oct. 2007)


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What is Jupiter Marine International Holdings 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.

Jupiter Marine International Holdings's Net-Net Working Capital for the quarter that ended in Oct. 2007 was $-0.10.

The industry rank for Jupiter Marine International Holdings's Net-Net Working Capital or its related term are showing as below:

JMIH's Price-to-Net-Net-Working-Capital is not ranked *
in the Travel & Leisure industry.
Industry Median: 8.16
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Jupiter Marine International Holdings Net-Net Working Capital Historical Data

The historical data trend for Jupiter Marine International Holdings'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.

Jupiter Marine International Holdings Net-Net Working Capital Chart

Jupiter Marine International Holdings Annual Data
Trend Jul01 Jul03 Jul04 Jul05 Jul06 Jul07
Net-Net Working Capital
Get a 7-Day Free Trial -0.08 -0.03 - -0.04 -0.08

Jupiter Marine International Holdings Quarterly Data
Oct01 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05 Jul05 Oct05 Jan06 Apr06 Jul06 Oct06 Jan07 Apr07 Jul07 Oct07
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 -0.05 -0.05 -0.06 -0.08 -0.10

Competitive Comparison of Jupiter Marine International Holdings's Net-Net Working Capital

For the Leisure subindustry, Jupiter Marine International Holdings'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.


Jupiter Marine International Holdings's Price-to-Net-Net-Working-Capital Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jupiter Marine International Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Jupiter Marine International Holdings's Price-to-Net-Net-Working-Capital falls into.



Jupiter Marine International Holdings Net-Net Working Capital Calculation

Jupiter Marine International Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jul. 2007 is calculated as

Net-Net Working Capital(A: Jul. 2007 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.08+0.75 * 0.048+0.5 * 1.775-2.569
-0-0)/18.8639
=-0.08

Jupiter Marine International Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2007 is calculated as

Net-Net Working Capital(Q: Oct. 2007 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.341+0.75 * 0.051+0.5 * 1.982-3.307
-0-0)/18.8639
=-0.10

* 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.


Jupiter Marine International Holdings  (OTCPK:JMIH) 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.


Jupiter Marine International Holdings Net-Net Working Capital Related Terms

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Jupiter Marine International Holdings (Jupiter Marine International Holdings) Business Description

Traded in Other Exchanges
N/A
Address
1103 12th Avenue East, Palmetto, FL, USA, 34221
Jupiter Marine International Holdings Inc designs, manufactures and markets sport fishing boats like 29 Forward Seating Center Console, 31 Open Center Console, 31 Cuddy Cabin and 31 Forward Seating Center Console. Geographically the business activities are carried out through Palmetto, Florida.

Jupiter Marine International Holdings (Jupiter Marine International Holdings) Headlines

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