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Opus Magnum Ameris (Opus Magnum Ameris) Net-Net Working Capital : $-9.44 (As of Sep. 2001)


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What is Opus Magnum Ameris 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.

Opus Magnum Ameris's Net-Net Working Capital for the quarter that ended in Sep. 2001 was $-9.44.

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

OPUS's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.71
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Opus Magnum Ameris Net-Net Working Capital Historical Data

The historical data trend for Opus Magnum Ameris'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.

Opus Magnum Ameris Net-Net Working Capital Chart

Opus Magnum Ameris Annual Data
Trend Dec99 Dec00
Net-Net Working Capital
-0.91 -11.63

Opus Magnum Ameris Quarterly Data
Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01
Net-Net Working Capital Get a 7-Day Free Trial -8.16 -11.63 -11.46 -10.85 -9.44

Competitive Comparison of Opus Magnum Ameris's Net-Net Working Capital

For the Shell Companies subindustry, Opus Magnum Ameris'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.


Opus Magnum Ameris's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Opus Magnum Ameris's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Opus Magnum Ameris Net-Net Working Capital Calculation

Opus Magnum Ameris's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2000 is calculated as

Net-Net Working Capital(A: Dec. 2000 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0-9.222
-0-0)/0.79318
=-11.63

Opus Magnum Ameris's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2001 is calculated as

Net-Net Working Capital(Q: Sep. 2001 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.001+0.75 * 0+0.5 * 0-9.425
-0-0)/0.9978
=-9.44

* 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.


Opus Magnum Ameris  (OTCPK:OPUS) 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.


Opus Magnum Ameris Net-Net Working Capital Related Terms

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Opus Magnum Ameris (Opus Magnum Ameris) Business Description

Traded in Other Exchanges
N/A
Address
30 N Gould Street, Suite 5835, Sheridan, WY, USA, 82801
Website
Opus Magnum Ameris Inc is a development stage company.

Opus Magnum Ameris (Opus Magnum Ameris) Headlines

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