Air Methods (Air Methods) Net-Net Working Capital : $-24.62 (As of Dec. 2016)

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What is Air Methods 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.

Air Methods's Net-Net Working Capital for the quarter that ended in Dec. 2016 was $-24.62.

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

AIRM's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Transportation industry.
Industry Median: 5.98
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Air Methods Net-Net Working Capital Historical Data

The historical data trend for Air Methods'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.

Air Methods Net-Net Working Capital Chart

Air Methods Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Net-Net Working Capital

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-15.97

-17.15

-16.07

-17.10

-24.62

Air Methods Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Net-Net Working Capital	Get a 7-Day Free Trial															-17.10	-22.39	-23.06	-25.39	-24.62

Competitive Comparison of Air Methods's Net-Net Working Capital

For the Airports & Air Services subindustry, Air Methods'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.

Air Methods's Price-to-Net-Net-Working-Capital Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air Methods's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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

Air Methods Net-Net Working Capital Calculation

Air Methods's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2016 is calculated as

	Net-Net Working Capital		(A: Dec. 2016 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5.903	+	0.75 * 380.249	+	0.5 * 53.298	-	1216.723
-	0	-	0)	/	36.5215
=	-24.62

Air Methods's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2016 is calculated as

	Net-Net Working Capital		(Q: Dec. 2016 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5.903	+	0.75 * 380.249	+	0.5 * 53.298	-	1216.723
-	0	-	0)	/	36.5215
=	-24.62

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.

Air Methods (NAS:AIRM) 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.

Air Methods Net-Net Working Capital Related Terms

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Air Methods (Air Methods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Methods Corp (NAS:AIRM) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.airmethods.com

Air Methods Corp is a Delaware corporation, was established in Colorado in 1982. The Company provides air medical emergency transport services and systems throughout the United States of America. It designs, manufactures, and installs medical aircraft interiors and other aerospace and medical transport products. The Company also provides tourism operations in and around the Grand Canyon and Hawaiian Islands. The Company's operating segments include Air Medical Services, Tourism Division and United Rotorcraft. Air Medical Services provides air medical transportation services to the general population as an independent service and to hospitals or other institutions under exclusive operating agreements. The division operates 380 helicopters and 26 fixed wing aircraft under both Instrument Flight Rules and Visual Flight Rules. Tourism Division provides helicopter tours and charter flights, mainly focusing on Grand Canyon and Hawaiian Island tours. The division operates 48 helicopters under two Part 135 Air Carrier Certificates. United Rotorcraft Division designs, manufactures, and installs aircraft medical interiors and other aerospace and medical transport products for domestic and international customers. The Company maintains patents covering several products, including the Litter Lift System used in the U.S. Army's HH-60M helicopter and Medical Evacuation Vehicle, and the Articulating Patient Loading System and Modular Equipment Frame developed as part of the modular interior concept. The Company competes with several national and regional air medical transportation providers for contracts with hospitals and other healthcare institutions. It also competes with larger aerial tourism operators in the Grand Canyon market and a number of smaller operators in both the Grand Canyon and Hawaiian Island markets. The Company is subject to the Federal Aviation Act of 1958. All of its flight and maintenance operations-including equipment, ground facilities, dispatch, communications, flight training personnel and other matters affecting air safety are regulated and actively supervised by the U.S. Department of Transportation through the FAA. It is also subject to laws, regulations, and standards relating to corporate governance and public disclosure, including the Sarbanes-Oxley Act of 2002, Dodd-Frank Wall Street Reform and Consumer Protection Act, Securities and Exchange Commission (SEC) regulations, NASDAQ Stock Market rules, and other federal and state securities laws.

Executives

Mark D Carleton	director	12300 LIBERTY BLVD., ENGLEWOOD CO 80112
Joseph E Whitters	director
Claire M Gulmi	director
Peter P. Csapo	officer: Chief Financial Officer	ACCRETIVE HEALTH, INC. 401 NORTH MICHIGAN AVENUE, SUITE 2700 CHICAGO IL 60611
Crystal L Gordon	officer: General Counsel and Secretary	945 BUNKER HILL, SUITE 650, HOUSTON TX 77024
David Roehr	director	ONE CABELA DRIVE, SIDNEY NE 69160