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Weyco Group (Weyco Group) Net-Net Working Capital : $7.54 (As of Dec. 2023)


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What is Weyco Group 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.

Weyco Group's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $7.54.

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

WEYS's Price-to-Net-Net-Working-Capital is ranked better than
57.23% of 332 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.425 vs WEYS: 3.89

Weyco Group Net-Net Working Capital Historical Data

The historical data trend for Weyco Group'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.

Weyco Group Net-Net Working Capital Chart

Weyco Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.09 2.18 2.81 2.05 7.54

Weyco Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.05 3.84 4.60 6.40 7.54

Competitive Comparison of Weyco Group's Net-Net Working Capital

For the Footwear & Accessories subindustry, Weyco Group'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.


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

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

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



Weyco Group Net-Net Working Capital Calculation

Weyco Group'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(69.527+0.75 * 39.275+0.5 * 74.89-64.849
-0-0)/9.49673
=7.54

Weyco Group'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(69.527+0.75 * 39.275+0.5 * 74.89-64.849
-0-0)/9.49673
=7.54

* 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.


Weyco Group  (NAS:WEYS) 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.


Weyco Group Net-Net Working Capital Related Terms

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Weyco Group (Weyco Group) Business Description

Traded in Other Exchanges
Address
333 West Estabrook Boulevard, P.O. Box 1188, Milwaukee, WI, USA, 53201
Weyco Group Inc is a company, engaged in the manufacturing, designing and distribution of footwear. The company designs and markets footwear for men, women, and children. The company organizes its business into two segments; the North American wholesale and the North American retail segment. It markets its apparel, accessories, and footwear under the brand name of Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. The company has operational footprints in the United States, Canada, Europe, Asia, and Australia among others. It generates a majority of its revenue from the United States.
Executives
Allison Woss officer: VP - SUPPLY CHAIN WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Damian Walton officer: President-Florsheim Australia WEYCO GROUP, INC., 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Judy Anderson other: VP Finance/Treasurer 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Dustin Combs officer: VP, PRESIDENT - BOGS & RAFTERS WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Kevin Schiff officer: VP, PRESIDENT - FLORSHEIM WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Katherine Destinon officer: VP, PRESIDENT - NUNN BUSH WEYCO GROUP, INC., W.333 ESTABROOK BLVD, GLENDALE WI 53212
Brian Flannery officer: VP, PRESIDENT - STACY ADAMS 333 W. ESTABROOK BOULEVARD, GLENDALE WI 53212
George Sotiros officer: VP - INFORMATION SYSTEMS WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Jeffrey S Douglass officer: VP, Marketing WEYCO GROUP, INC. 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Robert D Hanley officer: Director of Finance WEYCO GROUP, INC. 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Joshua Wisenthal officer: President of Weyco Canada WEYCO GROUP, INC. 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Michael Bernsteen officer: VP, President - Nunn Bush WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Thomas W Florsheim director, 10 percent owner 333 W. ESTABROOK BOULEVARD, GLENDALE WI 53212
Tina M Chang director 375 BISHOPS WAY, SUITE 105, BROOKFIELD WI 53005
John Wittkowske officer: Senior Vice President and CFO 333 W ESTABROOK BLVD, GLENDALE WI 53212