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Great Republic Mining (XCNQ:GRM) Net-Net Working Capital : C$0.01 (As of Mar. 2024)


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What is Great Republic 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.

Great Republic Mining's Net-Net Working Capital for the quarter that ended in Mar. 2024 was C$0.01.

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

XCNQ:GRM's Price-to-Net-Net-Working-Capital is ranked better than
80.05% of 882 companies
in the Metals & Mining industry
Industry Median: 5.155 vs XCNQ:GRM: 2.00

Great Republic Mining Net-Net Working Capital Historical Data

The historical data trend for Great Republic 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.

Great Republic Mining Net-Net Working Capital Chart

Great Republic Mining Annual Data
Trend Jun21 Jun22 Jun23
Net-Net Working Capital
0.01 0.03 0.02

Great Republic Mining Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.02 0.02 0.02 0.01 0.01

Competitive Comparison of Great Republic Mining's Net-Net Working Capital

For the Other Industrial Metals & Mining subindustry, Great Republic 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.


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

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

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



Great Republic Mining Net-Net Working Capital Calculation

Great Republic Mining's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2023 is calculated as

Net-Net Working Capital(A: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.407+0.75 * 0+0.5 * 0-0.056
-0-0)/16.81
=0.02

Great Republic Mining's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.277+0.75 * 0+0.5 * 0-0.067
-0-0)/17.21
=0.01

* 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.


Great Republic Mining  (XCNQ:GRM) 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.


Great Republic Mining Net-Net Working Capital Related Terms

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Great Republic Mining (XCNQ:GRM) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
303-543 Granville Street, Vancouver, BC, CAN, V6C 1X8
Great Republic Mining Corp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. It is an exploration stage mining company with one exploration property, the Porcher Mineral Property located in the Skeena Mining Division, British Columbia. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Porcher Island Project.

Great Republic Mining (XCNQ:GRM) Headlines

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