GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Hoshi Resource Corp (TSXV:HRC.P) » Definitions » Net-Net Working Capital

Hoshi Resource (TSXV:HRC.P) Net-Net Working Capital : C$0.05 (As of Jun. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Hoshi Resource 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.

Hoshi Resource's Net-Net Working Capital for the quarter that ended in Jun. 2024 was C$0.05.

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

TSXV:HRC.P's Price-to-Net-Net-Working-Capital is ranked better than
93.52% of 216 companies
in the Diversified Financial Services industry
Industry Median: 1.205 vs TSXV:HRC.P: 0.50

Hoshi Resource Net-Net Working Capital Historical Data

The historical data trend for Hoshi Resource'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.

Hoshi Resource Net-Net Working Capital Chart

Hoshi Resource Annual Data
Trend Dec21 Dec22 Dec23
Net-Net Working Capital
0.01 0.05 0.05

Hoshi Resource Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.05 0.05 0.05 0.05 0.05

Competitive Comparison of Hoshi Resource's Net-Net Working Capital

For the Shell Companies subindustry, Hoshi Resource'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.


Hoshi Resource's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

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

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



Hoshi Resource Net-Net Working Capital Calculation

Hoshi Resource's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.322+0.75 * 0+0.5 * 0-0.009
-0-0)/6.6
=0.05

Hoshi Resource's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.303+0.75 * 0+0.5 * 0-0.001
-0-0)/6.6
=0.05

* 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.


Hoshi Resource  (TSXV:HRC.P) 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.


Hoshi Resource Net-Net Working Capital Related Terms

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


Hoshi Resource Business Description

Traded in Other Exchanges
N/A
Address
700, 903 8th Avenue, Calgary, AB, CAN, T2P 0P7
Website
Hoshi Resource Corp is engaged in identifying and evaluating assets or businesses with a view to potentially acquire them or an interest therein by completing a purchase transaction, by exercising of an option or by any associated transaction.

Hoshi Resource Headlines

No Headlines