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Almost Family (Almost Family) Net-Net Working Capital : $-10.18 (As of Dec. 2017)


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What is Almost Family 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.

Almost Family's Net-Net Working Capital for the quarter that ended in Dec. 2017 was $-10.18.

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

AFAM's Price-to-Net-Net-Working-Capital is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 7.59
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Almost Family Net-Net Working Capital Historical Data

The historical data trend for Almost Family'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.

Almost Family Net-Net Working Capital Chart

Almost Family Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.16 -5.53 -11.56 -26.13 -10.18

Almost Family Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
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 -26.13 -11.31 -10.86 -10.96 -10.18

Competitive Comparison of Almost Family's Net-Net Working Capital

For the Medical Care Facilities subindustry, Almost Family'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.


Almost Family's Price-to-Net-Net-Working-Capital Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Almost Family's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Almost Family Net-Net Working Capital Calculation

Almost Family's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2017 is calculated as

Net-Net Working Capital(A: Dec. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11.31+0.75 * 125.86+0.5 * 0-213.521
-0-34.568)/13.992
=-10.18

Almost Family's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2017 is calculated as

Net-Net Working Capital(Q: Dec. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11.31+0.75 * 125.86+0.5 * 0-213.521
-0-34.568)/13.992
=-10.18

* 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.


Almost Family  (NAS:AFAM) 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.


Almost Family Net-Net Working Capital Related Terms

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Almost Family (Almost Family) Business Description

Traded in Other Exchanges
N/A
Address
Almost Family Inc is a provider of home health services. Its services include rehabilitation services such as physical therapy occupational therapy and speech therapy. It also provides specialty programs and senior care advocacy. The reportable segments of the company are home health, other home based services, and healthcare innovations.
Executives
Reed W Earl Iii director 9510 OMSBY SLATION ROAD, STE 300, LOIISVILLE KY 40223
Clifford S Holtz director 1801 CALIFORNIA, SUITE 5100, DENVER CO 80202
Jonathan Goldberg director 9510 OMSBY SLATION ROAD, STE 300, LOIISVILLE KY 40223
Tyree G Wilburn director
Altman Henry M Jr director 9510 ORMSBY STATION ROAD, SUITE 300, LOUISVILLE KY 40223
Daniel Schwartz officer: SVP & COO C/O ALMOST FAMILY INC., 9510 ORMSBY STATION, SUITE 300, LOUISVILLE KY 40223
Jeff Reibel officer: VP Finance & CAO 9510 ORMSBY STATION ROAD, SUITE 300, LOUISVILLE KY 40223
C Steven Guenthner officer: President & PFO 9510 ORMSBY STATION ROAD, SUITE 300, LOUISVILLE KY 40223
John Shermyen officer: SVP Healthcare Innovations 1800 PHOENIX BLVD., SUITE 120, COLLEGE PARK GA 30349
North Tide Capital, Llc 10 percent owner 500 BOYLSTON STREET, SUITE 1860, BOSTON MA 02116
Laughlin Conan 10 percent owner C/O NORTH TIDE CAPITAL, LLC, 500 BOYLSTON STREET, SUITE 1860, BOSTON MA 02116
North Tide Capital Master, Lp 10 percent owner C/O NORTH TIDE CAPITAL, LLC, 500 BOYLSTON STREET, SUITE 1860, BOSTON MA 02116
Wayne T Smith director 500 WEST MAIN STREET, LOUISVILLE KY 40202

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