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Orecap Invest (TSXV:OCI) Net-Net Working Capital : C$0.06 (As of Jul. 2024)


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What is Orecap Invest 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.

Orecap Invest's Net-Net Working Capital for the quarter that ended in Jul. 2024 was C$0.06.

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

TSXV:OCI's Price-to-Net-Net-Working-Capital is ranked better than
93.02% of 831 companies
in the Metals & Mining industry
Industry Median: 5.9 vs TSXV:OCI: 1.08

Orecap Invest Net-Net Working Capital Historical Data

The historical data trend for Orecap Invest'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.

Orecap Invest Net-Net Working Capital Chart

Orecap Invest Annual Data
Trend Jul14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 0.02 0.03 0.02 0.01

Orecap Invest Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 0.02 0.01 0.03 0.06 0.06

Competitive Comparison of Orecap Invest's Net-Net Working Capital

For the Gold subindustry, Orecap Invest'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.


Orecap Invest's Price-to-Net-Net-Working-Capital Distribution in the Metals & Mining Industry

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

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



Orecap Invest Net-Net Working Capital Calculation

Orecap Invest's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Oct. 2023 is calculated as

Net-Net Working Capital(A: Oct. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.633+0.75 * 0.149+0.5 * 0-3.524
-0--1.183)/247.714
=0.01

Orecap Invest's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jul. 2024 is calculated as

Net-Net Working Capital(Q: Jul. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(18.289+0.75 * 0.08+0.5 * 0-3.629
-0--0.854)/247.714
=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.


Orecap Invest  (TSXV:OCI) 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.


Orecap Invest Net-Net Working Capital Related Terms

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Orecap Invest Business Description

Traded in Other Exchanges
Address
55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7
Orecap Invest Corp is a Canadian-based junior gold exploration company. It is engaged in the exploration and development of exploration and evaluation assets in Canada. The company operates in several projects including Mirado, McGarry, Gold Hill Property, NAK Property, Grizzly Gold Property, MZ Claims Property, Picke Lake Project, and Knight among others.

Orecap Invest Headlines

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