GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tombstone Exploration Corp (OTCPK:TMBXF) » Definitions » Net-Net Working Capital

Tombstone Exploration (Tombstone Exploration) Net-Net Working Capital : $-0.06 (As of Dec. 2021)


View and export this data going back to . Start your Free Trial

What is Tombstone Exploration 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.

Tombstone Exploration's Net-Net Working Capital for the quarter that ended in Dec. 2021 was $-0.06.

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

TMBXF's Price-to-Net-Net-Working-Capital is not ranked *
in the Metals & Mining industry.
Industry Median: 5.2
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Tombstone Exploration Net-Net Working Capital Historical Data

The historical data trend for Tombstone Exploration'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.

Tombstone Exploration Net-Net Working Capital Chart

Tombstone Exploration Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.16 -0.14 -0.03 -0.04 -0.06

Tombstone Exploration Semi-Annual Data
Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
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 -0.16 -0.14 -0.03 -0.04 -0.06

Competitive Comparison of Tombstone Exploration's Net-Net Working Capital

For the Other Precious Metals & Mining subindustry, Tombstone 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.


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

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

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



Tombstone Exploration Net-Net Working Capital Calculation

Tombstone Exploration's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.167+0.75 * 0+0.5 * 0-0.845
-0-0)/11.5407
=-0.06

Tombstone Exploration's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2021 is calculated as

Net-Net Working Capital(Q: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.167+0.75 * 0+0.5 * 0-0.845
-0-0)/11.5407
=-0.06

* 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.


Tombstone Exploration  (OTCPK:TMBXF) 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.


Tombstone Exploration Net-Net Working Capital Related Terms

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


Tombstone Exploration (Tombstone Exploration) Business Description

Traded in Other Exchanges
N/A
Address
6529 E. Friess Drive, Scottsdale, AZ, USA, 85254
Tombstone Exploration Corp is an exploration-stage mineral resource company. Its focus of operations has been to generate revenue from the production of silver and gold as well as additional base minerals such as copper, lead, and zinc. The company's objective is to produce metals and minerals below standard industry costs. It holds mineral rights to the Stardust mine located in Yuma County, Arizona. The company's projects include The Bonanza Project, The Tombstone Project, and the Stardust Project.

Tombstone Exploration (Tombstone Exploration) Headlines

From GuruFocus

Emerging Markets Report: Calculations

By Marketwired Marketwired 06-29-2020