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RNGR (Ranger Energy Services) Net-Net Working Capital : $-0.46 (As of Mar. 2025)


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What is Ranger Energy Services 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.

Ranger Energy Services's Net-Net Working Capital for the quarter that ended in Mar. 2025 was $-0.46.

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

RNGR's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.45
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Ranger Energy Services Net-Net Working Capital Historical Data

The historical data trend for Ranger Energy Services'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.

Ranger Energy Services Net-Net Working Capital Chart

Ranger Energy Services Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.48 -4.45 -1.62 -0.99 -0.57

Ranger Energy Services Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -1.17 -1.54 -1.22 -0.57 -0.46

Competitive Comparison of Ranger Energy Services's Net-Net Working Capital

For the Oil & Gas Equipment & Services subindustry, Ranger Energy Services'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.


Ranger Energy Services's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ranger Energy Services's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Ranger Energy Services Net-Net Working Capital Calculation

Ranger Energy Services's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(40.9+0.75 * 68.4+0.5 * 5.7-107.8
-0-0)/22.253
=-0.57

Ranger Energy Services's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(40.3+0.75 * 67.1+0.5 * 5.8-103.9
-0-0)/22.498
=-0.46

* 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.


Ranger Energy Services  (NYSE:RNGR) 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.


Ranger Energy Services Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Ranger Energy Services's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Ranger Energy Services Business Description

Traded in Other Exchanges
Address
10350 Richmond, Suite 550, Houston, TX, USA, 77042
Ranger Energy Services Inc is a provider of onshore high-specification (high-spec) well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. It offers a range of well-site services to U.S. exploration and production (E&P) companies that are fundamental to establishing and enhancing the flow of oil and natural gas throughout the productive life of a well. The segments of the group are High Specification Rigs, Wireline Services and Processing Solutions, and Ancillary Services, of which key revenue is derived from the High Specification Rigs segment.
Executives
Brett T. Agee director 10350 RICHMOND AVENUE, SUITE 550, HOUSTON TX 77042
Michael C Kearney director 3300 NORTH SAM HOUSTON PKWY EAST, HOUSTON TX 77032-3411
Krishna Shivram director C/O WEATHERFORD INTERNATIONAL PLC, 2000 ST JAMES PLACE, HOUSTON TX 77056
J. Matt Hooker officer: Chief Operating Officer 800 GESSNER STREET, SUITE 1000, HOUSTON TX 77024
Melissa Cougle officer: Chief Financial Officer 777 POST OAK BLVD., 7TH FLOOR, HOUSTON TX 77056
Stuart Bodden director, officer: Chief Executive Officer 10350 RICHMOND AVENUE, SUITE 550, HOUSTON TX 77042
Charles S. Leykum director, 10 percent owner 1000 LOUISIANA STREET, SUITE 3850, HOUSTON TX 77002
Byron A Dunn director C/O HARVEST NATURAL RESOURCES, INC., 1177 ENCLAVE PARKWAY, SUITE 300, HOUSTON TX 77077
William M Austin director C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
John Fichthorn 10 percent owner C/O DIALECTIC CAPITAL MANAGEMENT, LLC, 17 STATE STREET, SUITE 3930, NEW YORK NY 10004
Dialectic Geronimo Manager Llc 10 percent owner 119 ROWAYTON AVENUE, NORWALK CT 06853
Dialectic Partners, Llc 10 percent owner 2ND FLOOR 119 ROWAYTON AVE, NORWALK CT 06853
Dialectic Geronimo Spv Llc 10 percent owner 119 ROWAYTON AVENUE, 2ND FLOOR, NORWALK CT 06853
Dialectic Capital Management, Lp 10 percent owner 119 ROWAYTON AVENUE, 2ND FLOOR, NORWALK CT 06853
Ben A Guill 10 percent owner 600 TRAVIS, SUITE 6000, HOUSTON TX 77002