GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Masco Corp (NYSE:MAS) » Definitions » Net-Net Working Capital

Masco (MAS) Net-Net Working Capital : $-15.98 (As of Mar. 2024)


View and export this data going back to 1969. Start your Free Trial

What is Masco 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.

Masco's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-15.98.

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

MAS's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.47
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Masco Net-Net Working Capital Historical Data

The historical data trend for Masco'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.

Masco Net-Net Working Capital Chart

Masco 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 -12.48 -11.48 -13.85 -16.58 -15.99

Masco 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 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 -16.46 -15.65 -15.19 -15.99 -15.98

Competitive Comparison of Masco's Net-Net Working Capital

For the Building Products & Equipment subindustry, Masco'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.


Masco's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Masco's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Masco Net-Net Working Capital Calculation

Masco'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)
=(634+0.75 * 1090+0.5 * 1022-5247
-0-242)/220.6
=-15.99

Masco'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)
=(368+0.75 * 1310+0.5 * 1059-5179
-0-232)/221.000
=-15.98

* 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.


Masco  (NYSE:MAS) 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.


Masco Net-Net Working Capital Related Terms

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


Masco (MAS) Business Description

Traded in Other Exchanges
Address
17450 College Parkway, Livonia, MI, USA, 48152
Masco manufactures a variety of home improvement and building products. The company's $5.3 billion plumbing segment, led by the Delta and Hansgrohe brands, sells faucets, showerheads, and other related plumbing fixtures and components. The $3.4 billion decorative architectural segment primarily sells paints and other coatings under the Behr and Kilz brands, but it also sells builder hardware and lighting products.
Executives
Kenneth G. Cole officer: VP, General Counsel and Sec. 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Jai Shah officer: VP - Chief HR Officer 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Richard J. Westenberg officer: VP and CFO 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Donald R Parfet director C/O 350 E MICHIGAN AVENUE STE 500, APJOHN GROUP LLC, KALAMAZOO MI 49007
Renee Straber officer: VP - Chief HR Officer 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Keith J. Allman director, officer: President and CEO 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Reddy Sandeep director C/O GUESS?, INC., 1444 SOUTH ALAMEDA STREET, LOS ANGELES CA 90021
David A. Chaika officer: Interim CFO 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Jonathon Nudi director GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
John G Sznewajs officer: VP Corp. Development&Treasurer 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Imran Ahmad officer: Group President 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Turner Reginald M Jr director 500 WOODWARD AVE, SUITE 3500, DETROIT MI 48226
Stevens Charles K. Iii director 300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Aine Denari director C/O BRUNSWICK CORPORATION, 26125 N. RIVERWOODS BLVD. #500, METTAWA IL 60045
Robin L Zondervan officer: VP, Controller and CAO 901 44TH STREET SE, GRAND RAPIDS MI 49508

Masco (MAS) Headlines

From GuruFocus

Q1 2023 Masco Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2020 Masco Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2022 Masco Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2022 Masco Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2021 Masco Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2020 Masco Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2020 Masco Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2023 Masco Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024