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JB Hunt Transport Services (JB Hunt Transport Services) Net-Net Working Capital

: $-31.15 (As of Mar. 2024)
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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.

JB Hunt Transport Services's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-31.15.

The industry rank for JB Hunt Transport Services's Net-Net Working Capital or its related term are showing as below:

JBHT's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 5.055
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

JB Hunt Transport Services Net-Net Working Capital Historical Data

The historical data trend for JB Hunt Transport Services'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.

JB Hunt Transport Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -22.59 -20.44 -20.73 -27.97 -32.54

JB Hunt Transport Services 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 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 Premium Member Only Premium Member Only Premium Member Only -28.01 -29.76 -31.53 -32.54 -31.15

Competitive Comparison

For the Integrated Freight & Logistics subindustry, JB Hunt Transport Services'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.


JB Hunt Transport Services Price-to-Net-Net-Working-Capital Distribution

For the Transportation industry and Industrials sector, JB Hunt Transport Services's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where JB Hunt Transport Services's Price-to-Net-Net-Working-Capital falls into.



JB Hunt Transport Services Net-Net Working Capital Calculation

JB Hunt Transport Services'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(53.344+0.75 * 1334.912+0.5 * 42.186-4434.502
-0-0)/103.22
=-32.54

JB Hunt Transport Services's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(64.185+0.75 * 1272.115+0.5 * 0-4261.352
-0-0)/104.107
=-31.15

* 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.


JB Hunt Transport Services  (NAS:JBHT) 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.


JB Hunt Transport Services Net-Net Working Capital Related Terms

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JB Hunt Transport Services (JB Hunt Transport Services) Business Description

Traded in Other Exchanges
Address
615 J.B. Hunt Corporate Drive, P.O. Box 130, Lowell, AR, USA, 72745-0130
J.B. Hunt Transport Services ranks among the top surface transportation companies in North America by revenue. Its primary operating segments are intermodal delivery, which uses the Class I rail carriers for the underlying line-haul movement of its owned containers (48% of sales in 2023); dedicated trucking services that provide customer-specific fleet needs (28%); for-hire truckload (6%); heavy goods final-mile delivery (7%), and asset-light truck brokerage (11%).
Executives
James K Thompson director, officer: President and Chief Executive 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Shelley Simpson other: President, ICS 615 JB HUNT CORPORATE DRIVE, LOWELL AR 72745
Spencer Frazier officer: EVP of Sales and Marketing 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Eric Mcgee officer: EVP Highway Services 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Darren P. Field officer: EVP Intermodal 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
David Keefauver officer: EVP of DCS 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Bradley W. Hicks officer: EVP Dedicated 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Nicholas Hobbs officer: EVP/President DCS PO BOX 130, 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Stuart Lockard Scott other: EVP/CIO 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
John Kuhlow other: VP/Controller 615 JB HUNT CORPORATE DRIVE, LOWELL AR 72745
Persio V Lisboa director C/O NAVISTAR INTERNATIONAL CORPORATION, 2701 NAVISTAR DRIVE, LISLE IL 60532
Alfred C Harper other: EVP and Chief Operations Offic 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Sharilyn S Gasaway director ONE ALLIED DRIVE, LITTLE ROCK AR 72202
Brian Webb officer: EVP- Final Mile Services 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Jennifer Boattini officer: See Remarks 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745