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DuPont de Nemours (DuPont de Nemours) Net-Net Working Capital : $-22.49 (As of Dec. 2023)


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What is DuPont de Nemours 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.

DuPont de Nemours's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-22.49.

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

DD's Price-to-Net-Net-Working-Capital is not ranked *
in the Chemicals industry.
Industry Median: 7.325
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

DuPont de Nemours Net-Net Working Capital Historical Data

The historical data trend for DuPont de Nemours'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.

DuPont de Nemours Net-Net Working Capital Chart

DuPont de Nemours 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 -30.39 -37.14 -29.41 -16.33 -22.49

DuPont de Nemours Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -16.33 -15.64 -16.14 -26.11 -22.49

Competitive Comparison of DuPont de Nemours's Net-Net Working Capital

For the Specialty Chemicals subindustry, DuPont de Nemours'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.


DuPont de Nemours's Price-to-Net-Net-Working-Capital Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, DuPont de Nemours's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



DuPont de Nemours Net-Net Working Capital Calculation

DuPont de Nemours'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)
=(2392+0.75 * 1513+0.5 * 2147-13827
-0-446)/430.11
=-22.49

DuPont de Nemours'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2392+0.75 * 1513+0.5 * 2147-13827
-0-446)/430.11
=-22.49

* 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.


DuPont de Nemours  (NYSE:DD) 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.


DuPont de Nemours Net-Net Working Capital Related Terms

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DuPont de Nemours (DuPont de Nemours) Business Description

Address
974 Centre Road, Building 730, Wilmington, DE, USA, 19805
DuPont is a diversified global specialty chemicals company created in 2019 as a result of the DowDuPont merger and subsequent separations. Its portfolio includes specialty chemicals and downstream products that serve the electronics and communication, automotive, construction, safety and protection, and water management industries. DuPont benefits from the ability to produce patented specialty chemicals that command pricing power. Noteworthy products include Kevlar, Tyvek, and Nomex, which have evolved over time to enable a wide range of applications across multiple industries.
Executives
Raj Ratnakar officer: SVP & Chief Strategy Officer C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203
Jon D. Kemp officer: President, Electronics & Indus 974 CENTRE ROAD, CRP 730, WILMINGTON DE 19805
Michael G. Goss officer: Controller 974 CENTRE ROAD, CRP 730, WILMINGTON DE 19805
Kristina M Johnson director 19 HEATH PL, DURHAM NC 27705
Amy G. Brady director 127 PUBLIC SQUARE, CLEVELAND OH 44114
Deanna Mulligan director 7 HANOVER SQUARE, NEW YORK NY 10004
Du Pont Eleuthere I director 1007 MARKET STREET, WILMINGTON DE 19810
Raymond J Milchovich director C/O FOSTER WHEELER LTD, PERRYVILLE CORP PARK, CLINTON NJ 08809-4000
Kissam Luther C Iv director 3801 BERESFORD ROAD, CHARLOTTE NC 28211
Ruby R Chandy director 630 DUNDEE ROAD, SUITE 400, NORTHBROOK IL 60062
Frederick M. Lowery director 974 CENTRE ROAD, CRP 730, WILMINGTON DE 19805
Steven Sterin director 19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Terrence R Curtin director C/O TYCO ELECTRONICS LTD., 1050 WESTLAKES DRIVE, BERWYN PA 19312
Alexander M Cutler director EATON CENTER, 1111 SUPERIOR AVENUE, CLEVELAND OH 44114
Leland Weaver officer: President, Water & Protection 974 CENTRE ROAD, CRP 730, 5216, WILMINGTON DE 19805