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Wesbanco (Wesbanco) Net-Net Working Capital : $-210.12 (As of Dec. 2023)


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What is Wesbanco 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.

Wesbanco's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-210.12.

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

WSBC's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.35
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Wesbanco Net-Net Working Capital Historical Data

The historical data trend for Wesbanco'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.

Wesbanco Net-Net Working Capital Chart

Wesbanco 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 -154.30 -161.77 -161.59 -196.98 -210.12

Wesbanco 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 -199.64 -203.73 -207.11 -210.12 -213.67

Competitive Comparison of Wesbanco's Net-Net Working Capital

For the Banks - Regional subindustry, Wesbanco'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.


Wesbanco's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

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

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



Wesbanco Net-Net Working Capital Calculation

Wesbanco'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)
=(595.383+2194.329+0.75 * 77.435+0.5 * 0-15179.312
-144.484-0)/59.3764
=-210.12

Wesbanco'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)
=(595.383+2194.329+0.75 * 77.435+0.5 * 0-15179.312
-144.484-0)/59.3764
=-210.12

* 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.


Wesbanco  (NAS:WSBC) 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.


Wesbanco Net-Net Working Capital Related Terms

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


Wesbanco (Wesbanco) Business Description

Traded in Other Exchanges
Address
1 Bank Plaza, Wheeling, WV, USA, 26003
Wesbanco Inc is a bank holding company that offers a full range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking, and insurance. The company has two reportable segments: community banking and trust and investment services. WesBanco operates one commercial bank, WesBanco Bank, which runs scores of branches. Its market service area primarily includes the Rust Belt region of the United States. Commercial real estate accounts for nearly half of the bank's loan portfolio. The bank has historically grown through both organic growth and acquisitions. The bank's primary component of net revenue is net interest income.
Executives
Proctor Gregory S Jr director 2995 CRAIN HIGHWAY, WALDORF MD 20601
Jeffrey H Jackson officer: SEVP & COO C/O WESBANCO, ONE BANK PLAZA, WHEELING WV 26003
Robert J Fitzsimmons director 1701 WARWOOD AVENUE, WHEELING WV 26003
Denise H Knouse-snyder director C/O WESBANCO INC, ONE BANK PLAZA, WHEELING WV 26003
Kerry M Stemler director
Scott A Love officer: EVP - Wealth Management C/O WESBANCO, ONE BANK PLAZA, WHEELING WV 26003
Jonathan D Dargusch officer: EVP - Wealth Management C/O WESBANCO, INC., ONE BANK PLAZA, WHEELING WV 26003
Todd Clossin officer: EVP & COO 38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
Jayson M Zatta officer: EVP & Chief Lending Officer C/O WESBANCO INC, ONE BANK PLAZA, WHEELING WV 26003
Brent E Richmond officer: Exec. Vice President WESBANCO, INC, 1 BANK PLAZA, WHEELING WV 26003
Robert H Friend officer: EVP & CCO C/O WESBANCO, ONE BANK PLAZA, WHEELING WV 26003
Joseph R Robinson director 38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
Rosie Allen-herring director 1525 POINTER RIDGE PLACE, BOWIE MD 20716
Robert H Young officer: Exec Vice President/CFO 1BANK PLAZA, WHEELING WV 26003
Nelson F Eric Jr director C/O WESBANCO INC, ONE BANK PLAZA, WHEELING WV 26003