GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zinco Mining Corp (TSXV:ZIM.H) » Definitions » Net-Net Working Capital

Zinco Mining (TSXV:ZIM.H) Net-Net Working Capital : C$-0.03 (As of Jun. 2017)


View and export this data going back to 1983. Start your Free Trial

What is Zinco Mining 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.

Zinco Mining's Net-Net Working Capital for the quarter that ended in Jun. 2017 was C$-0.03.

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

TSXV:ZIM.H's Price-to-Net-Net-Working-Capital is not ranked *
in the Metals & Mining industry.
Industry Median: 5.75
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Zinco Mining Net-Net Working Capital Historical Data

The historical data trend for Zinco Mining'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.

Zinco Mining Net-Net Working Capital Chart

Zinco Mining Annual Data
Trend Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 -0.01 -0.02 -0.02 -0.03

Zinco Mining Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 -0.03 -0.02 -0.03 -0.03

Competitive Comparison of Zinco Mining's Net-Net Working Capital

For the Other Industrial Metals & Mining subindustry, Zinco Mining'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.


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

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

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



Zinco Mining Net-Net Working Capital Calculation

Zinco Mining's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2016 is calculated as

Net-Net Working Capital(A: Sep. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.003+0.75 * 0+0.5 * 0-1.04
-0-0)/41.1287
=-0.03

Zinco Mining's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2017 is calculated as

Net-Net Working Capital(Q: Jun. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.014+0.75 * 0+0.5 * 0-1.108
-0-0)/41.1287
=-0.03

* 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.


Zinco Mining  (TSXV:ZIM.H) 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.


Zinco Mining Net-Net Working Capital Related Terms

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


Zinco Mining (TSXV:ZIM.H) Business Description

Traded in Other Exchanges
N/A
Address
16055 Fraser Highway, Suite 825, 205, Surrey, BC, CAN, V4N 0G2
Zinco Mining Corp is an exploration-stage company. The company is engaged in the acquisition, exploration, and development of its mineral interests. The firm is in the process of exploring its exploration and evaluation assets. It is engaged in the discovery and development of volcanogenic massive sulfide (VMS) deposits in Mexico. The firm, through its subsidiary, Minera Croesus S.A. de C.V., owns approximately seven mining concessions that define the VMS Project.

Zinco Mining (TSXV:ZIM.H) Headlines

No Headlines