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Mansfelder Metals (Mansfelder Metals) Net-Net Working Capital : $-1.08 (As of Sep. 2007)


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What is Mansfelder Metals 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.

Mansfelder Metals's Net-Net Working Capital for the quarter that ended in Sep. 2007 was $-1.08.

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

MNSF's Price-to-Net-Net-Working-Capital is not ranked *
in the Metals & Mining industry.
Industry Median: 5.155
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Mansfelder Metals Net-Net Working Capital Historical Data

The historical data trend for Mansfelder Metals'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.

Mansfelder Metals Net-Net Working Capital Chart

Mansfelder Metals Annual Data
Trend Jul97 Jul98 Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Dec06
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.39 0.41 -0.90 -1.13

Mansfelder Metals Quarterly Data
Oct02 Jan03 Apr03 Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05 Jul05 Oct05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07
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 -1.03 -1.13 -1.14 -1.10 -1.08

Competitive Comparison of Mansfelder Metals's Net-Net Working Capital

For the Aluminum subindustry, Mansfelder Metals'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.


Mansfelder Metals's Price-to-Net-Net-Working-Capital Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mansfelder Metals's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Mansfelder Metals Net-Net Working Capital Calculation

Mansfelder Metals's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2006 is calculated as

Net-Net Working Capital(A: Dec. 2006 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.61+0.75 * 1.06+0.5 * 15.212-34.402
-0-0)/18.8906
=-1.13

Mansfelder Metals's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2007 is calculated as

Net-Net Working Capital(Q: Sep. 2007 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.797+0.75 * 0.784+0.5 * 12.146-30.86
-0-0)/18.8906
=-1.08

* 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.


Mansfelder Metals  (OTCPK:MNSF) 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.


Mansfelder Metals Net-Net Working Capital Related Terms

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Mansfelder Metals (Mansfelder Metals) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Unit 803, Dina House, Ruttonjee Centre 11 Duddell Street, Central, HKG, 200070
Website
Mansfelder Metals Ltd is engaged in manufacturing and trading of aluminum products.
Executives
Miller Lloyd I Iii 10 percent owner
Stefan Feuerstein officer: Chief Operating Officer BERLIN CHARLOTTEN STR 59, GERMANY D-1017 2M 00000
Mfc Bancorp Ltd 10 percent owner ROOM 2103 SHANGHAI MART TOWER, 2299 YAN AN ROAD WEST, CHANGNING DISTRICT, SHANGHAI F4 200336
Gavin James R Iii director BAXTER INTERNATIONAL INC, ONE BAXTER PARKWAY, DEERFIELD IL 60015

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