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Isle of Capri Casinos (Isle of Capri Casinos) Net-Net Working Capital : $-24.24 (As of Jan. 2017)


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What is Isle of Capri Casinos 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.

Isle of Capri Casinos's Net-Net Working Capital for the quarter that ended in Jan. 2017 was $-24.24.

The industry rank for Isle of Capri Casinos's Net-Net Working Capital or its related term are showing as below:

ISLE's Price-to-Net-Net-Working-Capital is not ranked *
in the Travel & Leisure industry.
Industry Median: 7.58
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Isle of Capri Casinos Net-Net Working Capital Historical Data

The historical data trend for Isle of Capri Casinos'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.

Isle of Capri Casinos Net-Net Working Capital Chart

Isle of Capri Casinos Annual Data
Trend Apr07 Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -32.50 -33.06 -29.15 -27.33 -25.39

Isle of Capri Casinos Quarterly Data
Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17
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 -26.25 -25.39 -24.97 -24.58 -24.24

Competitive Comparison of Isle of Capri Casinos's Net-Net Working Capital

For the Resorts & Casinos subindustry, Isle of Capri Casinos'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.


Isle of Capri Casinos's Price-to-Net-Net-Working-Capital Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Isle of Capri Casinos's Price-to-Net-Net-Working-Capital falls into.



Isle of Capri Casinos Net-Net Working Capital Calculation

Isle of Capri Casinos's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Apr. 2016 is calculated as

Net-Net Working Capital(A: Apr. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(81.464+0.75 * 13.252+0.5 * 6.305-1129.531
-0-0)/40.7652
=-25.39

Isle of Capri Casinos's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jan. 2017 is calculated as

Net-Net Working Capital(Q: Jan. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(71.519+0.75 * 9.937+0.5 * 5.641-1084.379
-0-0)/41.3594
=-24.24

* 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.


Isle of Capri Casinos  (NAS:ISLE) 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.


Isle of Capri Casinos Net-Net Working Capital Related Terms

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Isle of Capri Casinos (Isle of Capri Casinos) Business Description

Traded in Other Exchanges
N/A
Address
Isle of Capri operates 13 casinos in the United States, in cities ranging from Lula, Miss., to Kansas City, Mo., three casinos in the United Kingdom, and one in the Bahamas. The firm's casinos are regionally or locally focused, aiming to offer a fun entertainment alternative. Founded in 1990 and based in St. Louis, the company employs about 8,500 people.
Executives
Quatmann Edmund L Jr officer: Chief Legal Officer 600 EMERSON ROAD, SUITE 300, ST. LOUIS MO 63141
Gregory J. Kozicz director 8800 PAGE AVENUE, ST.LOUIS MO 63114
Bonnie Biumi director RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Lee S Wielansky director PAUL HASTINGS, 75 EAST 55TH STREET, NEW YORK NY 10022
Eric L Hausler officer: Chief Executive Officer C/O TRUMP ENTERTAINMENT RESORTS, 1000 BOARDWALK, ATLANTIC CITY NJ 08401
Scott E Schubert director C/O SONUS NETWORKS, INC., 4 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
James Perry officer: Executive Chairman

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