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Chubb (CB) Net-Net Working Capital : $-276.80 (As of Dec. 2023)


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What is Chubb 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.

Chubb's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-276.80.

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

CB's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 5.795
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Chubb Net-Net Working Capital Historical Data

The historical data trend for Chubb'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.

Chubb Net-Net Working Capital Chart

Chubb 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 -24.33 -32.91 -48.65 -239.73 -276.80

Chubb Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -239.73 -74.88 -60.32 -90.91 -276.80

Competitive Comparison of Chubb's Net-Net Working Capital

For the Insurance - Property & Casualty subindustry, Chubb'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.


Chubb's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Chubb's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Chubb Net-Net Working Capital Calculation

Chubb'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2449+31338+0.75 * 33611+0.5 * 0-166991
-0-4184)/405.27
=-276.80

Chubb's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2449+31338+0.75 * 33611+0.5 * 0-166991
-0-4184)/405.27
=-276.80

* 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.


Chubb  (NYSE:CB) 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.


Chubb Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Chubb's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Chubb (CB) Business Description

Traded in Other Exchanges
Address
Baerengasse 32, Zurich, CHE, CH-8001
ACE acquired Chubb in the first quarter of 2016 and assumed the Chubb name. The combination made the new Chubb one of the largest domestic property and casualty insurers, with operations in 54 countries spanning commercial and personal P&C insurance, reinsurance, and life insurance.
Executives
Juan Luis Ortega officer: Executive Vice President* CHUBB, AVENUE OF THE AMERICAS, NEW YORK NY 10036
John J Lupica officer: Chrm, Ins - NA, Pres.- ACE USA 436 WALNUT STREET, PHILADELPHIA PA 19106-3703
Joseph F Wayland officer: General Counsel 1133 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10036
John W Keogh officer: CEO of ACE Overseas General ACE OVERSEAS GENERAL, 1133 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Theodore Shasta director C/O MBIA INC., 113 KING STREET, ARMONK NY 10504
Timothy Alan Boroughs officer: Chief Investment Officer* 1133 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Michael G Atieh director MERCK MEDCO MANAGED CARE INC, 100 SUMMIT AVE, MONTVALE NJ 07645
Annmarie T Hagan officer: Chief Accounting Officer TWO LIBERTY PLACE, 1601 CHESTNUT STREET, PHILADELPHIA PA 19192
Frances D. O'brien officer: Chief Risk Officer THE CHUBB BUILDING, 17 WOODBOURNE AVENUE, HAMILTON D0 HM 08
Nancy Buese director 1515 ARAPAHOE STREET, DENVER CO 80202-2126
Michael Corbat director 388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10013
Bryce L. Johns officer: Senior Vice President, * THE CHUBB BUILDING, 17 WOODBOURNE AVENUE, HAMILTON D0 HM 08
Sean Ringsted officer: Chief Risk Officer and* THE ACE BLDG., 17 WOODBOURNE AVE., HAMILTON D0 HM 08
Evan G Greenberg director, officer: President & COO THE CHUBB BUILDING, 17 WOODBOURNE AVENUE, HAMILTON D0 HM 08
Kathleen Bonanno director 3000 TANNERY WAY, SANTA CLARA CA 95054

Chubb (CB) Headlines

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