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Logansport Financial (Logansport Financial) Net-Net Working Capital : $-263.47 (As of Dec. 2023)


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What is Logansport Financial 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.

Logansport Financial's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-263.47.

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

LOGN's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.92
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Logansport Financial Net-Net Working Capital Historical Data

The historical data trend for Logansport Financial'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.

Logansport Financial Net-Net Working Capital Chart

Logansport Financial Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec08 Dec09 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -169.76 -196.44 -205.85 -250.93 -263.47

Logansport Financial Semi-Annual Data
Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec08 Dec09 Dec20 Dec21 Dec22 Dec23
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 -169.76 -196.44 -205.85 -250.93 -263.47

Competitive Comparison of Logansport Financial's Net-Net Working Capital

For the Banks - Regional subindustry, Logansport Financial'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.


Logansport Financial's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

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

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



Logansport Financial Net-Net Working Capital Calculation

Logansport Financial's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(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)
=(4.81+59.404+0.75 * 2.29+0.5 * 0-226.996
-0-0)/0.61133
=-263.47

Logansport Financial's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(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)
=(4.81+59.404+0.75 * 2.29+0.5 * 0-226.996
-0-0)/0.61133
=-263.47

* 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.


Logansport Financial  (OTCPK:LOGN) 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.


Logansport Financial Net-Net Working Capital Related Terms

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Logansport Financial (Logansport Financial) Business Description

Traded in Other Exchanges
N/A
Address
723 East Broadway, Logansport, IN, USA, 46947
Logansport Financial Corp is the holding company for Logansport Savings Bank. It is engaged primarily in the business of attracting retail deposits from the public. The company provides Personal Banking; Personal Lending and Business Banking.
Executives
Allen D Schieber officer: Senior Vice President C/O LOGANSPORT FINANCIAL CORP, 723 E BROADWAY, LOGANSPORT IN 46947
Thomas G Williams director C/O LOGANSPORT FINANCIAL CORP, 723 EAST BROADWAY, LOGANSPORT IN 46947
David G Wihebrink director, officer: President and CEO C/O LOGANSPORT FINANCIAL CORP, 723 E BROADWAY, LOGANSPORT IN 46947
William Jr Tinchler director C/O LOGANSPORT FINANCIAL CORP, 723 E BROADWAY, LOGANSPORT IN 46947
Charles J Evans director, officer: Senior Vice President C/O LOGANSPORT FINANCIAL CORP, 723 E BROADWAY, LOGANSPORT IN 46947

Logansport Financial (Logansport Financial) Headlines