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BridgeFort Capital (XZIM:BFCA.ZW) Net-Net Working Capital : ZWL-1,306,429.88 (As of Dec. 2022)


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What is BridgeFort Capital 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.

BridgeFort Capital's Net-Net Working Capital for the quarter that ended in Dec. 2022 was ZWL-1,306,429.88.

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

XZIM:BFCA.ZW's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 6.89
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

BridgeFort Capital Net-Net Working Capital Historical Data

The historical data trend for BridgeFort Capital'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.

BridgeFort Capital Net-Net Working Capital Chart

BridgeFort Capital Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -81.78 -7,400.07 -2,144,446.85 -1,306,429.88 -141.68

BridgeFort Capital Semi-Annual Data
Dec15 Dec16 Dec17 Dec18 Jun20 Dec20 Jun21 Dec21 Dec22 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only -7,400.07 -5,722.96 -2,144,446.85 -1,306,429.88 -141.68

Competitive Comparison of BridgeFort Capital's Net-Net Working Capital

For the Household & Personal Products subindustry, BridgeFort Capital'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.


BridgeFort Capital's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, BridgeFort Capital's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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BridgeFort Capital Net-Net Working Capital Calculation

BridgeFort Capital'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+0.75 * 0+0.5 * 0-14.168
-0-0)/0.100
=-141.68

BridgeFort Capital's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2022 is calculated as

Net-Net Working Capital(Q: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0-5061.513
-125581.475-0)/0.100
=-1,306,429.88

* 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.


BridgeFort Capital  (XZIM:BFCA.ZW) 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.


BridgeFort Capital Net-Net Working Capital Related Terms

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BridgeFort Capital Business Description

Traded in Other Exchanges
N/A
Address
No. 7 Bernard Avenue, Rolf Valley, Harare, ZWE
BridgeFort Capital Ltd is a Zimbabwe-based company engaged in the healthcare sector. The company manufactures, markets, and distributes health, hygiene, beauty, and pharmaceutical products. In addition, the group also manufactures and distributes petroleum jelly and glycerine. The group's operating segments are Fast Moving Consumer Goods (FMCG), Medical, and Manufacturing, of which the majority of the revenue is derived from the FMCG segment. The FMCG segment distributes products manufactured by the Manufacturing segment and also trades in other personal care products, toiletries, and other fast-moving consumer goods.

BridgeFort Capital Headlines

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