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Cryptoblox Technologies (XCNQ:BLOX) Net-Net Working Capital : C$-0.02 (As of Jan. 2024)


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What is Cryptoblox Technologies 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.

Cryptoblox Technologies's Net-Net Working Capital for the quarter that ended in Jan. 2024 was C$-0.02.

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

XCNQ:BLOX's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.335
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Cryptoblox Technologies Net-Net Working Capital Historical Data

The historical data trend for Cryptoblox Technologies'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.

Cryptoblox Technologies Net-Net Working Capital Chart

Cryptoblox Technologies Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.24 -0.07 - -0.02 -0.02

Cryptoblox Technologies Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -0.10 -0.10 -0.02

Competitive Comparison of Cryptoblox Technologies's Net-Net Working Capital

For the Software - Infrastructure subindustry, Cryptoblox Technologies'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.


Cryptoblox Technologies's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, Cryptoblox Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Cryptoblox Technologies Net-Net Working Capital Calculation

Cryptoblox Technologies's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jan. 2024 is calculated as

Net-Net Working Capital(A: Jan. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.729+0.75 * 0+0.5 * 0-4.145
-0-0)/109.206
=-0.02

Cryptoblox Technologies's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jan. 2024 is calculated as

Net-Net Working Capital(Q: Jan. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.729+0.75 * 0+0.5 * 0-4.145
-0-0)/109.206
=-0.02

* 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.


Cryptoblox Technologies  (XCNQ:BLOX) 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.


Cryptoblox Technologies Net-Net Working Capital Related Terms

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Cryptoblox Technologies (XCNQ:BLOX) Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 2400, Vancouver, BC, CAN, V6E 3P3
Cryptoblox Technologies Inc is a Blockchain and Battery technology company with revolutionary, patented Battery Management Systems (BMS) designed to meet the exponentially growing demand for scalable, smart solutions for the rapidly growing Electric Vehicle (EV) and Energy Storage Solution (ESS) markets. It focuses on developing and implementing blockchain, distributed ledger, closed-loop, and cryptocurrency services for government and commercial partners. The company has committed to assisting global recycling solutions by offering recycling initiatives using its technology to analyze and fully refurbish used batteries.
Executives
Maryam Amin Shanjani Senior Officer

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