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Quantum Metal Exchange (Quantum Metal Exchange) Net-Net Working Capital : $-2.22 (As of Feb. 2013)


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What is Quantum Metal Exchange 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.

Quantum Metal Exchange's Net-Net Working Capital for the quarter that ended in Feb. 2013 was $-2.22.

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

QMEI's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.8
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Quantum Metal Exchange Net-Net Working Capital Historical Data

The historical data trend for Quantum Metal Exchange'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.

Quantum Metal Exchange Net-Net Working Capital Chart

Quantum Metal Exchange Annual Data
Trend Aug09 Aug10
Net-Net Working Capital
- -

Quantum Metal Exchange Quarterly Data
May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11 Nov11 Feb12 Nov12 Feb13
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 - - -0.02 -1.03 -2.22

Competitive Comparison of Quantum Metal Exchange's Net-Net Working Capital

For the Shell Companies subindustry, Quantum Metal Exchange'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.


Quantum Metal Exchange's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Quantum Metal Exchange's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Quantum Metal Exchange Net-Net Working Capital Calculation

Quantum Metal Exchange's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Aug. 2010 is calculated as

Net-Net Working Capital(A: Aug. 2010 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.025+0.75 * 0+0.5 * 0-N/A
-0-0)/0.6
=N/A

Quantum Metal Exchange's Net-Net Working Capital (NNWC) per share for the quarter that ended in Feb. 2013 is calculated as

Net-Net Working Capital(Q: Feb. 2013 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.001+0.75 * 0.014+0.5 * 0-1.343
-0-0)/0.60001
=-2.22

* 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.


Quantum Metal Exchange  (OTCPK:QMEI) 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.


Quantum Metal Exchange Net-Net Working Capital Related Terms

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Quantum Metal Exchange (Quantum Metal Exchange) Business Description

Traded in Other Exchanges
N/A
Address
One World Trade Center, Suite 8500, New York, NY, USA, 10007
Quantum Metal Exchange Inc is a company with bullion based technology capacities, empowering people and businesses from upstream to downstream of the precious metal industry through technologies and cutting-edge corporate solutions. The company geographically operates in Malaysia, Singapore, Thailand, Australia, Indonesia and Nigeria.

Quantum Metal Exchange (Quantum Metal Exchange) Headlines

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