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Vestin Realty Mortgage I (Vestin Realty Mortgage I) Net-Net Working Capital

: $0.63 (As of Dec. 2016)
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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.

Vestin Realty Mortgage I's Net-Net Working Capital for the quarter that ended in Dec. 2016 was $0.63.

The industry rank for Vestin Realty Mortgage I's Net-Net Working Capital or its related term are showing as below:

VRTA's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.24
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Vestin Realty Mortgage I Net-Net Working Capital Historical Data

The historical data trend for Vestin Realty Mortgage I'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.

Vestin Realty Mortgage I Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Net-Net Working Capital
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 5.60 0.08 0.06 0.63

Vestin Realty Mortgage I Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Jun16 Dec16
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 3.47 2.16 0.06 1.25 0.63

Competitive Comparison

For the Mortgage Finance subindustry, Vestin Realty Mortgage I'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.


Vestin Realty Mortgage I Price-to-Net-Net-Working-Capital Distribution

For the Banks industry and Financial Services sector, Vestin Realty Mortgage I's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Vestin Realty Mortgage I's Price-to-Net-Net-Working-Capital falls into.



Vestin Realty Mortgage I Net-Net Working Capital Calculation

Vestin Realty Mortgage I's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2016 is calculated as

Net-Net Working Capital(A: Dec. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.995+0.75 * 0+0.5 * 0-2.212
-0-0)/1.23724
=0.63

Vestin Realty Mortgage I's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2016 is calculated as

Net-Net Working Capital(Q: Dec. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.995+0.75 * 0+0.5 * 0-2.212
-0-0)/1.23724
=0.63

* 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.


Vestin Realty Mortgage I  (OTCPK:VRTA) 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.


Vestin Realty Mortgage I Net-Net Working Capital Related Terms

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Vestin Realty Mortgage I (Vestin Realty Mortgage I) Business Description

Traded in Other Exchanges
N/A
Address
9130 West Post Road, Suite 130, Las Vegas, NV, USA, 89148
Vestin Realty Mortgage I Inc invests in loans secured by commercial real estate and also invests in, acquires, manages or sells commercial real property, investments in dividend paying securities and also invests in entities involved in the ownership or management of commercial real property. The company operates in two reportable segments namely investments in real estate loans and investments in real property.