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Bowl America (Bowl America) Net-Net Working Capital : $0.29 (As of Mar. 2021)


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What is Bowl America 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.

Bowl America's Net-Net Working Capital for the quarter that ended in Mar. 2021 was $0.29.

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

BWL.A's Price-to-Net-Net-Working-Capital is not ranked *
in the Travel & Leisure industry.
Industry Median: 7.71
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Bowl America Net-Net Working Capital Historical Data

The historical data trend for Bowl America'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.

Bowl America Net-Net Working Capital Chart

Bowl America Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.77 -0.23 0.74 0.68 0.22

Bowl America Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 0.53 0.22 0.19 0.18 0.29

Competitive Comparison of Bowl America's Net-Net Working Capital

For the Leisure subindustry, Bowl America'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.


Bowl America's Price-to-Net-Net-Working-Capital Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Bowl America's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Bowl America Net-Net Working Capital Calculation

Bowl America's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2020 is calculated as

Net-Net Working Capital(A: Jun. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(7.01+0.75 * 0+0.5 * 0.486-6.096
-0-0)/5.16097
=0.22

Bowl America's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2021 is calculated as

Net-Net Working Capital(Q: Mar. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(7.63+0.75 * 0+0.5 * 0.413-6.322
-0-0)/5.16097
=0.29

* 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.


Bowl America  (AMEX:BWL.A) 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.


Bowl America Net-Net Working Capital Related Terms

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Bowl America (Bowl America) Business Description

Traded in Other Exchanges
N/A
Address
6446 Edsall Road, Alexandria, VA, USA, 22312
Bowl America Inc is engaged in the entertainment business. The firm operates bowling centers, with food and beverage service in each center. Its offerings include bowling parties, cosmic bowling, leagues, and open bowling. In addition, each center sells retail bowling accessories. The company's bowling centers are located in Washington D.C, Baltimore, Maryland, Richmond, Virginia, Jacksonville, and Florida. Its principal source of revenue consists of fees charged for the use of bowling lanes and other facilities.
Executives
Gloria Bragg director 6446 EDSALL ROAD ALEXANDRIA VA 22312
Merle Fabian director, 10 percent owner
Nancy Hull director C/O BOWL AMERICA INCORPORATED 6446 EDSALL ROAD ALEXANDRIA VA 22312
Arthur H. Bill director 6844 GLENBROOK ROAD BETHESDA MD 20814
Leslie H Goldberg director, 10 percent owner, officer: President
Stanley H Katzman director, 10 percent owner

Bowl America (Bowl America) Headlines

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