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Pacific Brands (Pacific Brands) Net-Net Working Capital : $-0.66 (As of Jun. 2015)


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What is Pacific Brands 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.

Pacific Brands's Net-Net Working Capital for the quarter that ended in Jun. 2015 was $-0.66.

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

PFBDY's Price-to-Net-Net-Working-Capital is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.53
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Pacific Brands Net-Net Working Capital Historical Data

The historical data trend for Pacific Brands'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.

Pacific Brands Net-Net Working Capital Chart

Pacific Brands Annual Data
Trend Jun05 Jun06 Jun07 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.03 -3.20 -2.52 -3.23 -0.66

Pacific Brands Semi-Annual Data
Jun03 Jun05 Jun06 Jun07 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -4.03 -3.20 -2.52 -3.23 -0.66

Competitive Comparison of Pacific Brands's Net-Net Working Capital

For the Apparel Manufacturing subindustry, Pacific Brands'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.


Pacific Brands's Price-to-Net-Net-Working-Capital Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pacific Brands's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Pacific Brands Net-Net Working Capital Calculation

Pacific Brands's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2015 is calculated as

Net-Net Working Capital(A: Jun. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(61.814+0.75 * 0+0.5 * 101.194-172.496
-0-0)/91.7226
=-0.66

Pacific Brands's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2015 is calculated as

Net-Net Working Capital(Q: Jun. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(61.814+0.75 * 0+0.5 * 101.194-172.496
-0-0)/91.7226
=-0.66

* 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.


Pacific Brands  (OTCPK:PFBDY) 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.


Pacific Brands Net-Net Working Capital Related Terms

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Pacific Brands (Pacific Brands) Business Description

Traded in Other Exchanges
N/A
Address
Pacific Brands Limited manufactures, sources, markets, and sells consumer products. Its products include intimate apparel, hosiery & bonds outerwear products for women, men, and children under Bonds, Razzamatazz, Rio, Voodoo among other brands.

Pacific Brands (Pacific Brands) Headlines

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