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Ovivo (LVGAF) Net-Net Working Capital : $-3.08 (As of Jun. 2016)


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What is Ovivo 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.

Ovivo's Net-Net Working Capital for the quarter that ended in Jun. 2016 was $-3.08.

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

LVGAF's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 6.96
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Ovivo Net-Net Working Capital Historical Data

The historical data trend for Ovivo'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.

Ovivo Net-Net Working Capital Chart

Ovivo Annual Data
Trend Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.35 -4.42 -3.92 -2.31 -1.91

Ovivo Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 -3.32 -3.06 -2.87 -1.91 -3.08

Competitive Comparison of Ovivo's Net-Net Working Capital

For the Pollution & Treatment Controls subindustry, Ovivo'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.


Ovivo's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ovivo's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Ovivo Net-Net Working Capital Calculation

Ovivo's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2016 is calculated as

Net-Net Working Capital(A: Mar. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(18.79+0.75 * 53.826+0.5 * 9.356-143.916
-0-0)/41.94
=-1.91

Ovivo's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2016 is calculated as

Net-Net Working Capital(Q: Jun. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(18.509+0.75 * 0+0.5 * 10.266-152.951
-0-0)/41.94
=-3.08

* 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.


Ovivo  (OTCPK:LVGAF) 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.


Ovivo Net-Net Working Capital Related Terms

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Ovivo (LVGAF) Business Description

Traded in Other Exchanges
N/A
Address
Ovivo Inc was incorporated in May 15, 2007 in Canada. The Company is a provider of technological solutions used in water treatment well as in pulp and paper production. The Corporation operates in more than 25 countries. The Company and its subsidiaries conduct their activities in two main groups: Ovivo and GL&V Pulp and Paper. The Water Treatment Group (Ovivo) designs and markets treatment and recycling solutions and components for municipal and industrial wastewater as well as water used in various industrial processes. The Group also develops seawater desalination technologies and offers water intake screening solutions for power stations, refineries and water desalination facilities. With its technological portfolio, it is positioned to provide comprehensive solutions for the filtration, clarification, treatment and purification of water to be returned into the environment, re-used in various industrial processes or used for domestic purposes. The pulp and paper Group designs and markets equipment used in various stages of paper production, from pulp preparation to sheet formation and finishing. It also serves with rebuilding, upgrading and optimization services for existing equipment, as well as the sale of replacement parts. The Company operates in following geographic segment: United States, Canada, United Kingdom, Other - Europe and Russia, Asia and Asia-Pacific, Middle East and Africa & Latin America.