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Greif (GEF) Net-Net Working Capital : $-54.23 (As of Jan. 2024)


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What is Greif 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.

Greif's Net-Net Working Capital for the quarter that ended in Jan. 2024 was $-54.23.

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

GEF's Price-to-Net-Net-Working-Capital is not ranked *
in the Packaging & Containers industry.
Industry Median: 6.16
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Greif Net-Net Working Capital Historical Data

The historical data trend for Greif'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.

Greif Net-Net Working Capital Chart

Greif Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -59.71 -61.03 -54.74 -47.94 -55.13

Greif Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -50.70 -54.35 -53.27 -55.13 -54.23

Competitive Comparison of Greif's Net-Net Working Capital

For the Packaging & Containers subindustry, Greif'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.


Greif's Price-to-Net-Net-Working-Capital Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Greif's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Greif Net-Net Working Capital Calculation

Greif's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Oct. 2023 is calculated as

Net-Net Working Capital(A: Oct. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(180.9+0.75 * 659.4+0.5 * 338.6-3849.2
-0-163.7)/57.4709
=-55.13

Greif's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jan. 2024 is calculated as

Net-Net Working Capital(Q: Jan. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(179.3+0.75 * 639.2+0.5 * 368.5-3807.8
-0-168.8)/57.7867
=-54.23

* 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.


Greif  (NYSE:GEF) 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.


Greif Net-Net Working Capital Related Terms

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


Greif (GEF) Business Description

Traded in Other Exchanges
Address
425 Winter Road, Delaware, OH, USA, 43015
Greif Inc is a producer of industrial packaging products and services with manufacturing facilities located in many countries. It offers a comprehensive line of rigid industrial packaging products, such as steel, fiber, and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, blending, filling, logistics, warehousing, and other packaging services. The company operates in three reportable business segments including Global Industrial Packaging, Paper Packaging and Services, and Land Management. It operates in North and Latin America, Europe, Middle East, Africa and Asia Pacific regions.
Executives
Miller Frank Calhoun V director 425 WINTER ROAD, DELAWARE OH 43015
Vivian Bouet officer: VP Chief Inf & Digital Officer 425 WINTER ROAD, DELAWARE OH 43015
Patrick Gerard Mullaney officer: SVP, Pres. Global Industrial P 425 WINTER ROAD, DELAWARE OH 43015
Roel Vestjens director C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105
Anthony John Krabill officer: Corporate Treasurer 425 WINTER ROAD, DELAWARE OH 43015
Michael Joseph Taylor officer: Corporate Controller 425 WINTER ROAD, DELAWARE OH 43015
Matthew Douglas Eichmann officer: VP, Chief Mktg & Sust. Officer 425 WINTER ROAD, DELAWARE OH 43015
Kimberly Thompson Scott director 425 WINTER ROAD, DELAWARE OH 43015
Karen Morrison director 425 WINTER ROAD, DELAWARE OH 43015
Tina R. Schoner officer: SVP Chief Supply Chain Officer 425 WINTER RD., DELAWARE OH 43015
Kimberly Anne Kellermann officer: SVP, Global Operations Group 425 WINTER ROAD, DELAWARE OH 43015
Nicholas Joseph Petitti 10 percent owner 200 CIVIC CENTER DRIVE, SUITE 1200, COLUMBUS OH 43215
Robert M Patterson director 33587 WALKER ROAD, AVON LAKE OH 44012
Bala Sathyanarayanan officer: SVP, Chief Human Resources Off 425 WINTER RD., DELAWARE OH 43015
Vicki L Avril director 604 KENMARE DRIVE, BURR RIDGE IL 60527

Greif (GEF) Headlines

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