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Landauer (Landauer) Net-Net Working Capital : $-14.78 (As of Jun. 2017)


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What is Landauer 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.

Landauer's Net-Net Working Capital for the quarter that ended in Jun. 2017 was $-14.78.

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

LDR's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 6.66
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Landauer Net-Net Working Capital Historical Data

The historical data trend for Landauer'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.

Landauer Net-Net Working Capital Chart

Landauer Annual Data
Trend Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.12 -20.65 -20.28 -18.54 -15.99

Landauer Quarterly Data
Sep12 Dec12 Mar13 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 -16.25 -15.99 -15.64 -15.37 -14.78

Competitive Comparison of Landauer's Net-Net Working Capital

For the Scientific & Technical Instruments subindustry, Landauer'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.


Landauer's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Landauer's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Landauer Net-Net Working Capital Calculation

Landauer's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2016 is calculated as

Net-Net Working Capital(A: Sep. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(13.285+0.75 * 0+0.5 * 5.67-170.217
-0-1.421)/9.72726
=-15.99

Landauer'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)
=(21.064+0.75 * 0+0.5 * 5.229-167.281
-0-1.453)/9.81167
=-14.78

* 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.


Landauer  (NYSE:LDR) 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.


Landauer Net-Net Working Capital Related Terms

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


Landauer (Landauer) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Landauer Inc provides technical and analytical services to determine occupational and environmental radiation exposure. The Company also offers domestic outsourced medical physics services and radiology related medical products.
Executives
Frank Blaise Modruson director C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
William G Dempsey director C/O LANDAUER, INC., 2 SCIENCE ROAD, GLENWOOD IL 60425
David E Meador director ONE ENERGY PLAZA, DETROIT MI 48226
Teri G. Fontenot director 18933 EAST PINNACLE CIRCLE, BATON ROUGE LA 70634
Jeffrey Allen Bailey director BIODELIVERY SCIENCES INTERNATIONAL, INC., 4131 PARKLAKE AVE., SUITE 225, RALEIGH NC 27612
Jeffrey A. Strong director 157 COLUMBUS AVE, SUITE 403, NEW YORK CITY NY 10023
Thomas M White director C/O APOLLO MANAGEMENT, 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Daniel Fujii officer: Vice President, CFO 2 SCIENCE ROAD, GLENWOOD IL 60425
Michael P Kaminski director, officer: President and CEO C/O STEREOTAXIS INC, 4041 FOREST PARK, ST. LOUIS MO 63108
Stephen C Mitchell director C/O LANDAUER, INC., 2 SCIENCE ROAD, GLENWOOD IL 60425
Mark A Zorko officer: Interim CFO 9265 FAWN LAKE DR, RALEIGH NC 27617
Michael K Burke officer: Sr VP and CFO C/O LANDAUER, INC., 2 SCIENCE ROAD, GLENWOOD IL 60425
Jonathon M Singer officer: Sr VP, Treas, Sec & CFO 520 LAKE COOK ROAD, SUITE 315, DEERFIELD IL 60015
De Planque E Gail director C/O LANDAUER, INC., 2 SCIENCE ROAD, GLENWOOD IL 60425
Gary D Eppen other: Former Director C/O LANDAUER, INC. (RETIRED), 2 SCIENCE ROAD, GLENWOOD IL 60425

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