GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Caesars Acquisition Co (NAS:CACQ) » Definitions » Net-Net Working Capital

Caesars Acquisition Co (Caesars Acquisition Co) Net-Net Working Capital : $-0.44 (As of Jun. 2017)


View and export this data going back to 2013. Start your Free Trial

What is Caesars Acquisition Co 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.

Caesars Acquisition Co's Net-Net Working Capital for the quarter that ended in Jun. 2017 was $-0.44.

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

CACQ's Price-to-Net-Net-Working-Capital is not ranked *
in the Travel & Leisure industry.
Industry Median: 7.51
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Caesars Acquisition Co Net-Net Working Capital Historical Data

The historical data trend for Caesars Acquisition Co'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.

Caesars Acquisition Co Net-Net Working Capital Chart

Caesars Acquisition Co Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Net-Net Working Capital
Get a 7-Day Free Trial - -0.01 -0.20 -0.37 -0.69

Caesars Acquisition Co Quarterly Data
Dec11 Sep12 Dec12 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 -0.46 -2.39 -0.69 -0.47 -0.44

Competitive Comparison of Caesars Acquisition Co's Net-Net Working Capital

For the Resorts & Casinos subindustry, Caesars Acquisition Co'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.


Caesars Acquisition Co's Price-to-Net-Net-Working-Capital Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Caesars Acquisition Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Caesars Acquisition Co Net-Net Working Capital Calculation

Caesars Acquisition Co'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)
=(27.5+0.75 * 0+0.5 * 0-122.7
-0-0)/138.458
=-0.69

Caesars Acquisition Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2017 is calculated as

Net-Net Working Capital(Q: Jun. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(34.2+0.75 * 0+0.5 * 0-96
-0-0)/138.985
=-0.44

* 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.


Caesars Acquisition Co  (NAS:CACQ) 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.


Caesars Acquisition Co Net-Net Working Capital Related Terms

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


Caesars Acquisition Co (Caesars Acquisition Co) Business Description

Traded in Other Exchanges
N/A
Address
Caesars Acquisition Co operates in a casino and entertainment industry. It operates through two segments namely Interactive Entertainment, and Casino Properties and Developments. The Interactive Entertainment segment offers social and mobile games comprising Slotomania, House of Fun Slots, Bingo Blitz that are played on various social and mobile third-party platforms and Casino Properties and Developments segment holds interest in Planet Hollywood and Acquired Properties which consist of hotel, food, beverage, entertainment, parking amenities, and gaming facility operations. The business of the group is functioned through the regions of North America, South America, Europe, and rest of the world. The majority of revenue is derived from the United States and Israel region.
Executives
Dhiren R. Fonseca director C/O NORTHWEST RETAIL PARTNERS, LTD., 224 WESTLAKE AVE N, SUITE 500, SEATTLE WA 98109
Marc A Beilinson director 10100 SANTA MONICA BLVD STE. 1100, LOS ANGELES CA 90067
Don R Kornstein director DON R KORNSTEIN, 825 LAKESHORE BLVD, INCLINE VILLAGE NV 89451
Troy J Vanke officer: Chief Accounting Officer C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Philip Robert Erlanger director C/O ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Mitchell Alan Garber officer: President and CEO ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
David Sambur director 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Marc J Rowan director APOLLO ADVISORS LP, 1301 AVE OF THE AMERICAS, NEW YORK NY 10019
Karl Mr. Peterson director 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102

Caesars Acquisition Co (Caesars Acquisition Co) Headlines

No Headlines