Elizabeth Arden (Elizabeth Arden) Net-Net Working Capital : $-16.27 (As of Jun. 2016)

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What is Elizabeth Arden 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.

Elizabeth Arden's Net-Net Working Capital for the quarter that ended in Jun. 2016 was $-16.27.

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

RDEN's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 7.49
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Elizabeth Arden Net-Net Working Capital Historical Data

The historical data trend for Elizabeth Arden'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.

Elizabeth Arden Net-Net Working Capital Chart

Elizabeth Arden Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Net-Net Working Capital

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-8.11

-7.17

-11.57

-14.60

-16.27

Elizabeth Arden Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Net-Net Working Capital	Get a 7-Day Free Trial															-14.60	-15.82	-14.47	-15.51	-16.27

Competitive Comparison of Elizabeth Arden's Net-Net Working Capital

For the Household & Personal Products subindustry, Elizabeth Arden'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.

Elizabeth Arden's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Elizabeth Arden's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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

Elizabeth Arden Net-Net Working Capital Calculation

Elizabeth Arden's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2016 is calculated as

	Net-Net Working Capital		(A: Jun. 2016 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(45.049	+	0.75 * 115.994	+	0.5 * 241.409	-	739.663
-	0	-	0.309)	/	29.9493
=	-16.27

Elizabeth Arden's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2016 is calculated as

	Net-Net Working Capital		(Q: Jun. 2016 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(45.049	+	0.75 * 115.994	+	0.5 * 241.409	-	739.663
-	0	-	0.309)	/	29.9493
=	-16.27

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.

Elizabeth Arden (NAS:RDEN) 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.

Elizabeth Arden Net-Net Working Capital Related Terms

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Elizabeth Arden (Elizabeth Arden) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Elizabeth Arden Inc (NAS:RDEN) » Definitions » Net-Net Working Capital

Traded in Other Exchanges

N/A

Address

Website

http://www.elizabetharden.com

Elizabeth Arden Inc is incorporated on June 26, 1992 in the state of Florida. The Company is a beauty products company with a portfolio of prestige fragrance, skin care and cosmetics brands. The Company's portfolio includes Elizabeth Arden Brand, Celebrity Fragrances, Heritage Fragrances and Designer Fragrances. In addition to its owned or licensed fragrance brands, the Company distributes additional prestige fragrance brands, in the United States through distribution and other purchasing agreements. It sells its prestige beauty products to retailers in the United States and internationally, including; U.S. prestige retailers and specialty stores such as Macy's, Dillard's, Ulta, Belk, Sephora, Bloomingdales and Nordstrom; U.S. mass retailers, including mid-tier and chain drug retailers, such as Wal-Mart, Target, Kohl's, Walgreens, CVS, and TJ Maxx and Marshalls; and International retailers such as Boots, Debenhams, Superdrug Stores, The Perfume Shop, Hudson's Bay, Shoppers Drug Mart, Myer, Douglas and various travel retail outlets such as Nuance, Heinemann and World Duty Free. The Company and its products are subject to regulation by the Food and Drug Administration, the Federal Trade Commission and state regulatory authorities in the United States, as well as by various other federal, local and international regulatory authorities in the countries in which its products are produced or sold.

Executives

Maura J Clark	director	C/O ELIZABETH ARDEN, INC., 2400 SW 145 AVENUE, MIRAMAR FL 33027
Edward D Shirley	director	SYSCO CORPORATION, 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
M Steven Langman	director	630 FIFTH AVENUE, 27TH FLOOR, NEW YORK NY 10111
Rhone Capital L.l.c.	director, 10 percent owner	630 5TH AVENUE, SUITE 2710, NEW YORK NY 10111
Rod R Little	officer: EVP and CFO	1 HSN DRIVE, ST. PETERSBURG FL 33729
E Scott Beattie	director, officer: Chairman, President & CEO	C/O ELIZABETH ARDEN, INC., 2400 SW 145 AVENUE, 2ND FLOOR, MIRAMAR FL 33027
Kathy Widmer	officer: EVP & CMO	C/O ELIZABETH ARDEN, INC., 2400 S.W. 145 AVENUE, MIRAMAR FL 33027
Stephen J Smith	officer: EVP and CFO	C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
M&g Investment Management Ltd	10 percent owner	10 FENCHURCH AVENUE, LONDON X0 EC3M 5AG