CTBI has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
CTBI has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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.
Community Trust Bancorp's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-200.80.
The industry rank for Community Trust Bancorp's Net-Net Working Capital or its related term are showing as below:
The historical data trend for Community Trust Bancorp'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.
Community Trust Bancorp Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net-Net Working Capital | Get a 7-Day Free Trial | -161.59 | -176.11 | -164.83 | -187.09 | -200.80 |
Community Trust Bancorp 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 | -188.08 | -196.70 | -200.67 | -200.80 | -220.61 |
For the Banks - Regional subindustry, Community Trust Bancorp'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.
For the Banks industry and Financial Services sector, Community Trust Bancorp's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Community Trust Bancorp's Price-to-Net-Net-Working-Capital falls into.
Community Trust Bancorp'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) | ||||
= | (271.645 | + | 1163.724 | + | 0.75 * 23.575 | + | 0.5 * 0 | - | 5067.488 |
- | 0 | - | 0) | / | 17.9998 | ||||
= | -200.80 |
Community Trust Bancorp'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) | ||||
= | (271.645 | + | 1163.724 | + | 0.75 * 23.575 | + | 0.5 * 0 | - | 5067.488 |
- | 0 | - | 0) | / | 17.9998 | ||||
= | -200.80 |
* 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.
Community Trust Bancorp (NAS:CTBI) 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.
Thank you for viewing the detailed overview of Community Trust Bancorp's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.
James B Draughn | officer: Executive Vice President | C/O COMMUNITY TRUST BANCORP INC, PO BOX 2947, PIKEVILLE KY 41502-2947 |
Franky Minnifield | other: Director of Lead Bank | 4809 CHAFFEY LANE, LEXINGTON KY 415020351 |
Ricky D Sparkman | officer: Executive Vice President | 1218 E BROADWAY, CAMPBELLSVILLE KY 42718 |
Kevin J Stumbo | officer: Executive Vice President | C/O COMMUNITY TRUST BANK, INC., PO BOX 2947, PIKEVILLE KY 41502-2947 |
David Andrew Jones | officer: Executive Vice President | 1544 WINCHESTER AVENUE, ASHLAND KY 41101 |
Farris Franklin H Jr | director | 2008 HIGH RIDGE ROAD, LOUISVILLE KY 40207 |
Mark A Gooch | officer: EVP & Treasurer, other: Pres/CEO Community Trust Bank | PO BOX 2947, PIKEVILLE KY 41502-2947 |
Chad C Street | other: Director of Lead Bank | 684 CEDAR CREEK ROAD, PIKEVILLE KY 41501-1432 |
M Lynn Parrish | director | PO BOX 2725, PIKEVILLE KY 41502-2725 |
Charles J Baird | director | P O BOX 351, PIKEVILLE KY 415020351 |
Billie J. Dollins | officer: Executive Officer | 3205 PEPPERHILL ROAD, LEXINGTON KY 40502 |
James J Gartner | officer: Executive Vice President | PO BOX 2947, PIKEVILLE KY 41502-2947 |
Andy D Waters | officer: Executive Vice President | 100 EAST VINE STREET, LEXINGTON KY 40507-1406 |
David I Tackett | officer: Executive Vice President | COMMUNITY TRUST BANK, INC., PO BOX 2974, PIKEVILLE KY 41502-2974 |
Richard W Newsom | officer: Executive Vice President | PO BOX 2947, PIKEVILLE KY 41502-2947 |
From GuruFocus
By GuruFocus Research • 10-18-2023
By [email protected] insider • 02-29-2020
By Business Wire • 07-26-2023
By Business Wire • 10-25-2023
By Business Wire Business Wire • 10-30-2020
By Business Wire Business Wire • 07-27-2022
By Praveen Chawla • 07-13-2021
By Business Wire Business Wire • 10-27-2021
By Business Wire • 07-19-2023
By Business Wire Business Wire • 01-25-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.