GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Perpetual Federal Savings Bank (OTCPK:PFOH) » Definitions » Net-Net Working Capital

Perpetual Federalvings Bank (Perpetual Federalvings Bank) Net-Net Working Capital : $-107.79 (As of Sep. 2007)


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

What is Perpetual Federalvings Bank 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.

Perpetual Federalvings Bank's Net-Net Working Capital for the quarter that ended in Sep. 2007 was $-107.79.

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

PFOH'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.

Perpetual Federalvings Bank Net-Net Working Capital Historical Data

The historical data trend for Perpetual Federalvings Bank'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.

Perpetual Federalvings Bank Net-Net Working Capital Chart

Perpetual Federalvings Bank Annual Data
Trend Dec02 Sep04 Sep05 Sep06 Sep07
Net-Net Working Capital
-94.55 -111.66 -115.18 -117.39 -107.79

Perpetual Federalvings Bank Quarterly Data
Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07
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 -117.39 -115.51 -112.07 -110.71 -107.79

Competitive Comparison of Perpetual Federalvings Bank's Net-Net Working Capital

For the Banks - Regional subindustry, Perpetual Federalvings Bank'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.


Perpetual Federalvings Bank's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

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

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



Perpetual Federalvings Bank Net-Net Working Capital Calculation

Perpetual Federalvings Bank's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2007 is calculated as

Net-Net Working Capital(A: Sep. 2007 )
=(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)
=(24.005+0+0.75 * 1.938+0.5 * 0-291.682
-0-0)/2.46982
=-107.79

Perpetual Federalvings Bank's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2007 is calculated as

Net-Net Working Capital(Q: Sep. 2007 )
=(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)
=(24.005+0+0.75 * 1.938+0.5 * 0-291.682
-0-0)/2.46982
=-107.79

* 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.


Perpetual Federalvings Bank  (OTCPK:PFOH) 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.


Perpetual Federalvings Bank Net-Net Working Capital Related Terms

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


Perpetual Federalvings Bank (Perpetual Federalvings Bank) Business Description

Traded in Other Exchanges
N/A
Address
120 North Main Street, P.O. Box 71, Urbana, OH, USA, 43078
Perpetual Federal Savings Bank is a United States-based commercial bank. It is engaged in providing general banking services. It attracts deposits from the general public and uses these deposits to originate permanent mortgage loans secured for residential property, commercial and real estate loans.

Perpetual Federalvings Bank (Perpetual Federalvings Bank) Headlines