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WR Berkley (WR Berkley) Net-Net Working Capital : $-11.88 (As of Dec. 2023)


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What is WR Berkley 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.

WR Berkley's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-11.88.

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

WRB's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 5.995
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

WR Berkley Net-Net Working Capital Historical Data

The historical data trend for WR Berkley'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.

WR Berkley Net-Net Working Capital Chart

WR Berkley 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 -7.15 -7.22 -11.98 -13.14 -11.88

WR Berkley 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 -11.46 -13.07 -13.05 -11.88 -117.19

Competitive Comparison of WR Berkley's Net-Net Working Capital

For the Insurance - Property & Casualty subindustry, WR Berkley'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.


WR Berkley's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, WR Berkley's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



WR Berkley Net-Net Working Capital Calculation

WR Berkley'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)
=(1363.195+20124.936+0.75 * 6947.475+0.5 * 0-29732.778
-0-13.806)/256.545
=-11.88

WR Berkley'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)
=(1363.195+20124.936+0.75 * 6947.475+0.5 * 0-29732.778
-0-13.806)/256.545
=-11.88

* 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.


WR Berkley  (NYSE:WRB) 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.


WR Berkley Net-Net Working Capital Related Terms

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


WR Berkley (WR Berkley) Business Description

Traded in Other Exchanges
Address
475 Steamboat Road, Greenwich, CT, USA, 06830
W.R. Berkley is an insurance holding company with a host of subsidiaries that primarily underwrite commercial casualty insurance. The firm specializes in niche products that include various excess and surplus lines, workers' compensation insurance, self-insurance consulting, reinsurance, and regional commercial lines for small and midsize businesses.
Executives
Daniel Lynn Mosley director 475 STEAMBOAT ROAD, GREENWICH CT 06830
Mark Ellwood Brockbank director ROC FLEURI APT C41, 1 RUE DU TENAO, MONTE CARLO O9 98000
Jonathan Talisman director 475 STEAMBOAT ROAD, W R BERKLEY CORPORATION, GREENWICH CT 06830
Philip S Welt officer: EVP & General Counsel W. R. BERKLEY CORPORATION, 475 STEAMBOAT ROAD, GREENWICH CT 06830
James G Shiel officer: Sr.Vice Pres. - Investments C/O W R BERKLEY CORP, 475 STEAMBOAT RD, GREENWICH CT 06830
Leigh Ann Pusey director LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Maria Luisa Ferre director PO BOX 9066590, SAN JUAN PR 00906-6590
Matthew M Ricciardi officer: SVP AND GENERAL COUNSEL W. R. BERKLEY CORPORATION, 475 STEAMBOAT ROAD, GREENWICH CT 06830
Ira S Lederman officer: SVP-General Counsel & Sec. 475 STEAMBOAT ROAD, GREENWICH CT 06830
Clement P Patafio officer: V.P.-Corp. Controller C/O W R BERKLEY CORP, 475 STEAMBOAT RD, GREENWICH CT 06830
Christopher L Augostini director C/O W. R. BERKLEY CORPORATION, 475 STEAMBOAT ROAD, GREENWICH CT 06830
Eugene G Ballard officer: Sr.V.P.- CFO & Treas. C/O W R BERKLEY CORP, 475 STEAMBOAT RD, GREENWICH CT 06830
Ronald E Blaylock director
Lucille T Sgaglione officer: Senior Vice President C/O W. R. BERKLEY CORPORATION, 475 STEAMBOAT ROAD, GREENWICH CT 06830
Jeffrey Marc Hafter officer: SVP W. R. BERKLEY CORPORATION, 475 STEAMBOAT ROAD, GREENWICH CT 06830

WR Berkley (WR Berkley) Headlines

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