GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Berkshire Bancorp Inc (OTCPK:BERK) » Definitions » Net-Net Working Capital

Berkshire Bancorp (Berkshire Bancorp) Net-Net Working Capital : $-10.83 (As of Dec. 2021)


View and export this data going back to 2013. Start your Free Trial

What is Berkshire Bancorp 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.

Berkshire Bancorp's Net-Net Working Capital for the quarter that ended in Dec. 2021 was $-10.83.

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

BERK's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.205
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Berkshire Bancorp Net-Net Working Capital Historical Data

The historical data trend for Berkshire Bancorp'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.

Berkshire Bancorp Net-Net Working Capital Chart

Berkshire Bancorp Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.31 -16.37 -14.37 -11.74 -10.83

Berkshire Bancorp Semi-Annual Data
Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
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 -17.31 -16.37 -14.37 -11.74 -10.83

Competitive Comparison of Berkshire Bancorp's Net-Net Working Capital

For the Banks - Regional subindustry, Berkshire Bancorp'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.


Berkshire Bancorp's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

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

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



Berkshire Bancorp Net-Net Working Capital Calculation

Berkshire Bancorp's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(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)
=(245.385+144.538+0.75 * 1.614+0.5 * 0-547.309
-0-0)/14.4162
=-10.83

Berkshire Bancorp's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2021 is calculated as

Net-Net Working Capital(Q: Dec. 2021 )
=(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)
=(245.385+144.538+0.75 * 1.614+0.5 * 0-547.309
-0-0)/14.4162
=-10.83

* 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.


Berkshire Bancorp  (OTCPK:BERK) 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.


Berkshire Bancorp Net-Net Working Capital Related Terms

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


Berkshire Bancorp (Berkshire Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
160 Broadway, First Floor, New York, NY, USA, 10038
Berkshire Bancorp Inc is a bank holding firm based in the United States. The company principally engages in the ownership and management of its indirect wholly-owned subsidiary which is a state chartered commercial bank. It has been providing services to high net worth individuals, small and mid-sized commercial businesses primarily in the New York City metropolitan area. Its branches are located in New York and in New Jersey. It's loan products offering includes commercial and industrial and finance leases; residential loans, and commercial real estate and construction loans, and consumer loans.
Executives
Moses Marx director, 10 percent owner 160 BROADWAY, NEW YORK NY 10038
George Karfunkel director 6201 15TH AVE, BROOKLYN NY 33428
Philippe D Katz director 160 BROADWAY, NEW YORK NY 10038
Joseph Fink director, officer: Pres, CEO, Treasurer, CFO C/O BERKSHIRE BANCORP., INC., 160 BROADWAY, NEW YORK NY 10038
Cohen William L /ny director 1333 BROADWAY 5TH FLOOR, NEW YORK NY 10018
Steven Rosenberg director, officer: President, CEO, CFO 57 FAIRVIEW AVE, PORT WASHINGTON NY 11050
Martin A Fischer director 254 EAST 68TH STREET, APT. 28A, NEW YORK NY 10065
David W Lukens other: EVP & CFO of Subsidiary 600 MADISON AVE, NEW YORK NY 10022
Moses Krausz other: President & CEO of subsidary

Berkshire Bancorp (Berkshire Bancorp) Headlines