RDEXF (Red Pine Exploration) Net-Net Working Capital : $0.01 (As of Apr. 2024)

Red Pine Exploration Net-Net Working Capital Chart

Red Pine Exploration Annual Data
	Trend	Jul14	Jul15	Jul16	Jul17	Jul18	Jul19	Jul20	Jul21	Jul22	Jul23
Net-Net Working Capital		Get a 7-Day Free Trial					0.02	-	0.01	0.01	0.01

Red Pine Exploration Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Net-Net Working Capital	Get a 7-Day Free Trial															-0.01	0.01	0.02	0.03	0.01

Competitive Comparison of Red Pine Exploration's Net-Net Working Capital

For the Gold subindustry, Red Pine Exploration'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.

Red Pine Exploration's Price-to-Net-Net-Working-Capital Distribution in the Metals & Mining Industry

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

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

Red Pine Exploration Net-Net Working Capital Calculation

Red Pine Exploration's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jul. 2023 is calculated as

Red Pine Exploration's Net-Net Working Capital (NNWC) per share for the quarter that ended in Apr. 2024 is calculated as

* 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.

Red Pine Exploration  (OTCPK:RDEXF) 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.

Red Pine Exploration Net-Net Working Capital Related Terms

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Red Pine Exploration Business Description