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Alexander & Baldwin (Alexander & Baldwin) Net-Net Working Capital : $-8.42 (As of Mar. 2024)


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What is Alexander & Baldwin 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.

Alexander & Baldwin's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-8.42.

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

ALEX's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 13.85
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Alexander & Baldwin Net-Net Working Capital Historical Data

The historical data trend for Alexander & Baldwin'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.

Alexander & Baldwin Net-Net Working Capital Chart

Alexander & Baldwin Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.38 -11.61 -10.15 -9.95 -8.65

Alexander & Baldwin Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.05 -10.31 -10.37 -8.65 -8.42

Competitive Comparison of Alexander & Baldwin's Net-Net Working Capital

For the REIT - Retail subindustry, Alexander & Baldwin'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.


Alexander & Baldwin's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Alexander & Baldwin's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Alexander & Baldwin Net-Net Working Capital Calculation

Alexander & Baldwin'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)
=(13.5+0.75 * 4.5+0.5 * 0-643.2
-0-0)/72.4475
=-8.65

Alexander & Baldwin'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)
=(15.683+0.75 * 3.715+0.5 * 0-629.964
-0-0)/72.5921
=-8.42

* 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.


Alexander & Baldwin  (NYSE:ALEX) 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.


Alexander & Baldwin Net-Net Working Capital Related Terms

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Alexander & Baldwin (Alexander & Baldwin) Business Description

Traded in Other Exchanges
Address
822 Bishop Street, Post Office Box 3440, Honolulu, HI, USA, 96801
Alexander & Baldwin Inc operates in the real estate sector. It functions through two segments namely Commercial Real Estate and Land Operations The Commercial Real Estate segment owns and manages retail, industrial and office properties in Hawaii, thereby accounting for majority of the company's revenue. The Land Operations segment actively manages the company's land and real estate-related assets and makes optimum utilization of these assets. Geographically, the activities are carried out across the United States.
Executives
Kimura Shelee M.t. director C/O P.O. BOX 730, HONOLULU HI 96808
Jeffrey W Pauker officer: EVP, Chief Investment Officer 822 BISHOP STREET, HONOLULU HI 96813
Anthony J Tommasino officer: Principal accounting officer 822 BISHOP STREET, HONOLULU HI 96813
Derek T Kanehira officer: Senior Vice President 822 BISHOP STREET, HONOLULU HI 96813
Scott G Morita officer: Vice President & Corp Counsel 822 BISHOP STREET, HONOLULU HI 96813
Jerrod M Schreck officer: Exec VP; President of subsid. 822 BISHOP STREET, HONOLULU HI 96813
Chun Nelson N S director, officer: Sr. Vice Pres. & CLO 822 BISHOP STREET, HONOLULU HI 96813
John T Leong director 822 BISHOP STREET, HONOLULU HI 96813
Douglas M Pasquale director 245 FICHER AVE STE D-1, COSTA MESA CA 92626
Christopher J Benjamin officer: President of affiliate 822 BISHOP STREET, HONOLULU HI 96813
Robert S Harrison director 999 BISHOP STREET, HONOLULU HI 96813
Brett A Brown officer: CFO and Exec. Vice President C/O INLAND REAL ESTATE CORPORATION, 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Stanley M Kuriyama director, officer: Pres. & CEO 822 BISHOP ST., HONOLULU HI 96813
Doane W Allen Jr director 822 BISHOP ST., HONOLULU HI 96813
Diana Laing officer: Executive Vice President THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401