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The Bank of Yokohama (The Bank of Yokohama) Net-Net Working Capital : $-393.60 (As of Dec. 2015)


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What is The Bank of Yokohama 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.

The Bank of Yokohama's Net-Net Working Capital for the quarter that ended in Dec. 2015 was $-393.60.

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

BKJAY's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.4
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

The Bank of Yokohama Net-Net Working Capital Historical Data

The historical data trend for The Bank of Yokohama'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.

The Bank of Yokohama Net-Net Working Capital Chart

The Bank of Yokohama Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15
Net-Net Working Capital
Get a 7-Day Free Trial -424.54 -431.17 -401.32 -390.76 -384.23

The Bank of Yokohama Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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 -347.54 -384.23 -369.19 -386.81 -393.60

Competitive Comparison of The Bank of Yokohama's Net-Net Working Capital

For the Banks - Regional subindustry, The Bank of Yokohama'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.


The Bank of Yokohama's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

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

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



The Bank of Yokohama Net-Net Working Capital Calculation

The Bank of Yokohama's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2015 is calculated as

Net-Net Working Capital(A: Mar. 2015 )
=(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)
=(0+0+0.75 * 0+0.5 * 0-119335.626
-0-373.497)/311.554
=-384.23

The Bank of Yokohama's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2015 is calculated as

Net-Net Working Capital(Q: Dec. 2015 )
=(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)
=(0+0+0.75 * 0+0.5 * 0-121094.093
-0-372.738)/308.601
=-393.60

* 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.


The Bank of Yokohama  (OTCPK:BKJAY) 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.


The Bank of Yokohama Net-Net Working Capital Related Terms

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The Bank of Yokohama (The Bank of Yokohama) Business Description

Traded in Other Exchanges
N/A
Address
The Bank of Yokohama Ltd along with its subsidiaries is engaged in providing banking products & services. It is also engaged in providing leasing, securities and other financial service businesses.

The Bank of Yokohama (The Bank of Yokohama) Headlines

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