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Consumer Automotive Finance (Consumer Automotive Finance) Net-Net Working Capital : $0.00 (As of Jun. 2023)


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What is Consumer Automotive Finance 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.

Consumer Automotive Finance's Net-Net Working Capital for the quarter that ended in Jun. 2023 was $0.00.

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

CAFI's Price-to-Net-Net-Working-Capital is not ranked *
in the Credit Services industry.
Industry Median: 8.03
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Consumer Automotive Finance Net-Net Working Capital Historical Data

The historical data trend for Consumer Automotive Finance'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.

Consumer Automotive Finance Net-Net Working Capital Chart

Consumer Automotive Finance Annual Data
Trend Dec03 Dec04 Jun06 Jun07 Jun08 Jun09 Jun10 Jun22 Jun23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only -0.68 -0.68 -0.91 - -

Consumer Automotive Finance Semi-Annual Data
Dec03 Dec04 Jun06 Jun07 Jun08 Jun09 Jun10 Jun21 Jun22 Jun23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.68 -0.91 - - -

Competitive Comparison of Consumer Automotive Finance's Net-Net Working Capital

For the Credit Services subindustry, Consumer Automotive Finance'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.


Consumer Automotive Finance's Price-to-Net-Net-Working-Capital Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Consumer Automotive Finance's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Consumer Automotive Finance Net-Net Working Capital Calculation

Consumer Automotive Finance's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2023 is calculated as

Net-Net Working Capital(A: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0-0.186
-0-0)/727.66
=-0.00

Consumer Automotive Finance's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2023 is calculated as

Net-Net Working Capital(Q: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0-0.186
-0-0)/727.66
=-0.00

* 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.


Consumer Automotive Finance  (OTCPK:CAFI) 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.


Consumer Automotive Finance Net-Net Working Capital Related Terms

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Consumer Automotive Finance (Consumer Automotive Finance) Business Description

Traded in Other Exchanges
N/A
Address
746 North Drive, STE A, Melbourne, FL, USA, 32934
Consumer Automotive Finance Inc is an indirect automotive financial services company that focuses on servicing the sub-prime market. It has developed a criteria-based system, which has been effective in evaluating deal structure as well as a consumer's ability to pay for an automobile loan. The company provides financing solutions for buying Cars and Trucks and also provides a wide range of credit profiles through dealers in Nevada and soon Arizona and Utah, as well as online through the Dealer Loan programs.
Executives
Scott Eugene Miller officer: CEO 2239 N. HAYDEN RD., SUITE 100, SCOTTSDALE AZ 85257
Jamie Kerr director, 10 percent owner, officer: President 2925 N. 67TH PLACE, SCOTTSDALE AZ 85251
John Shaffer director, officer: Treasurer 2925 N. 67TH PLACE, SCOTTSDALE AZ 85251

Consumer Automotive Finance (Consumer Automotive Finance) Headlines