Village Bank and Trust Financial (Village Bank and Trust Financial) Net-Net Working Capital

: $-368.56 (As of Dec. 2023)

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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.

Village Bank and Trust Financial's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-368.56.

The industry rank for Village Bank and Trust Financial's Net-Net Working Capital or its related term are showing as below:

VBFC's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Banks industry.
Industry Median: 12.77
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Village Bank and Trust Financial Net-Net Working Capital Historical Data

The historical data trend for Village Bank and Trust Financial'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.

Village Bank and Trust Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net-Net Working Capital

-294.94

-407.07

-390.78

-346.31

-368.56

Village Bank and Trust Financial 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																-346.31	-352.80	-365.40	-365.50	-368.56

Competitive Comparison

For the Banks - Regional subindustry, Village Bank and Trust Financial'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.

Village Bank and Trust Financial Price-to-Net-Net-Working-Capital Distribution

For the Banks industry and Financial Services sector, Village Bank and Trust Financial's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Village Bank and Trust Financial's Price-to-Net-Net-Working-Capital falls into.

Village Bank and Trust Financial Net-Net Working Capital Calculation

Village Bank and Trust Financial'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 )
=	(Balance Sheet Cash And Cash Equivalents	+	Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(10.383	+	105.585	+	0.75 * 3.827	+	0.5 * 0	-	669.06
-	0	-	0)	/	1.49288
=	-368.56

Village Bank and Trust Financial'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 )
=	(Balance Sheet Cash And Cash Equivalents	+	Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(10.383	+	105.585	+	0.75 * 3.827	+	0.5 * 0	-	669.06
-	0	-	0)	/	1.49288
=	-368.56

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.

Village Bank and Trust Financial (NAS:VBFC) 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.

Village Bank and Trust Financial Net-Net Working Capital Related Terms

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Village Bank and Trust Financial (Village Bank and Trust Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Village Bank and Trust Financial Corp (NAS:VBFC) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

13319 Midlothian Turnpike, Midlothian, VA, USA, 23113

Website

https://www.villagebank.com

Village Bank and Trust Financial Corp is a bank holding company. The bank is the primary operating business of the company. It offers a range of banking and related financial services, including checking, savings, certificates of deposit and other depository services, and commercial, real estate, and consumer loans, primarily in the Richmond, Virginia and Williamsburg, Virginia metropolitan areas. Its operating segment includes Commercial Banking and Mortgage Banking. The company generates maximum revenue from the Commercial Banking segment.

Executives

Selena Trudy Sanderson	director	13319 MIDLOTHIAN TURNPIKE, MIDLOTHIAN VA 23113
Ronald L. Carey	director	13319 MIDLOTHIAN TURNPIKE, MIDLOTHIAN VA 23113
Jennifer J. Church	director	P.O. BOX 330, MIDLOTHIAN VA 23113
Mary Margaret Kastelberg	director	P.O. BOX 330, MIDLOTHIAN VA 23113
Christy Quesenbery	officer: EVP-Operations	11730 HULL STREET ROAD, MIDLOTHIAN VA 23112
Roy I Barzel	officer: EVP-CCO	11730 HULL STREET ROAD, MIDLOTHIAN VA 23112
Kenneth R Lehman	10 percent owner	122 N GORDON ROAD, FT LAUDERDALE FL 33301
Craig D Bell	director	PO BOX 330, MIDLOTHIAN VA 23113
Jenkins Frank E. Jr.	director	PO BOX 330, MIDLOTHIAN VA 23113
Avery Raymond Thomas Iii	director	PO BOX 330, MIDLOTHIAN VA 23113
Michael A Katzen	director	15521 MIDLOTHIAN TURNPIKE, SUITE 200, MIDLOTHIAN VA 23113
William G Foster	officer: Senior Vice President	15521 MIDLOTHIAN TURNPIKE, SUITE 200, MIDLOTHIAN VA 23113
Hendricks James E Jr	officer: EVP-Chief Credit Officer	C/O VILLAGE BANK, P.O. BOX 330, MIDLOTHIAN VA 23113
Charles E Walton	director	15521 MIDLOTHIAN TURNPIKE, SUITE 200, MIDLOTHIAN VA 23113
Kaloski Donald M. Jr.	officer: EVP-CFO	13319 MIDLOTHIAN TURNPIKE, MIDLOTHIAN VA 23113