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J. Alexander's Holdings (J. Alexander's Holdings) Net-Net Working Capital : $-6.75 (As of Jun. 2021)


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What is J. Alexander's Holdings 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.

J. Alexander's Holdings's Net-Net Working Capital for the quarter that ended in Jun. 2021 was $-6.75.

The industry rank for J. Alexander's Holdings's Net-Net Working Capital or its related term are showing as below:

JAX's Price-to-Net-Net-Working-Capital is not ranked *
in the Restaurants industry.
Industry Median: 13.985
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

J. Alexander's Holdings Net-Net Working Capital Historical Data

The historical data trend for J. Alexander's Holdings'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.

J. Alexander's Holdings Net-Net Working Capital Chart

J. Alexander's Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Net-Net Working Capital
Get a 7-Day Free Trial -3.63 -3.25 -3.34 -7.12 -7.19

J. Alexander's Holdings Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 -7.82 -7.67 -7.19 -7.03 -6.75

Competitive Comparison of J. Alexander's Holdings's Net-Net Working Capital

For the Restaurants subindustry, J. Alexander's Holdings'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.


J. Alexander's Holdings's Price-to-Net-Net-Working-Capital Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, J. Alexander's Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where J. Alexander's Holdings's Price-to-Net-Net-Working-Capital falls into.



J. Alexander's Holdings Net-Net Working Capital Calculation

J. Alexander's Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2020 is calculated as

Net-Net Working Capital(A: Dec. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(12.363+0.75 * 8.756+0.5 * 2.538-127.014
-0-1.558)/15.0701
=-7.19

J. Alexander's Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2021 is calculated as

Net-Net Working Capital(Q: Jun. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(22.611+0.75 * 9.094+0.5 * 3.017-131.291
-0-1.558)/15.0901
=-6.75

* 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.


J. Alexander's Holdings  (NYSE:JAX) 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.


J. Alexander's Holdings Net-Net Working Capital Related Terms

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J. Alexander's Holdings (J. Alexander's Holdings) Business Description

Traded in Other Exchanges
N/A
Address
3401 West End Avenue, Suite 260, P.O. Box 24300, Nashville, TN, USA, 37202
J. Alexander's Holdings Inc is an American restaurant operator. Its portfolio of properties consists of casual, stand-alone dining places in the United States, under trademarks such as Alexander's Restaurant, Black River Angus Beef, Black River Premium Beef, Legendary Steaks, Stoney River, Stoney River Legendary Steaks, and Stoney River Legendary Filet. Its restaurants are characterized by a trade name, different concepts, diverse architecture and authentic American meals.
Executives
Stout Lonnie J Ii director, officer: Executive Chairman 3401 WEST END AVENUE, SUITE 260 NASHVILLE TN 37202
Frank R Martire director CANNAE HOLDING, INC., 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Raymond R Quirk director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Douglas K Ammerman director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Ronald B Maggard director 10370 HEMET ST STE 240 RIVERSIDE CA 92503
J Michael Moore officer: EVP and COO PO BOX 24300 NASVILLE TN 37202
Timothy Janszen director 21 WATERWAY AVE SUITE 150 THE WOODLANDS TX 77380
Jessica Leigh Hagler officer: VP, CFO, Treasurer & Secretary 3401 WEST END AVENUE, SUITE #260 NASHVILLE TN 37203
Jason Scott Parks officer: VP & CIO 3401 WEST END AVE SUITE 260 NASHVILLE TN 37203
Trebia Acquisition Corp. other: No Relationship 41 MADISON AVENUE SUITE 2020 NEW YORK NY 10010
Carl J. Grassi director 3401 WEST END AVENUE, SUITE 260 NASHVILLE TN 37203
Mark A Parkey officer: President and CEO P.O. BOX 24300 NASHVILLE TN 37202
Newport Global Opportunities Fund Aiv-a Lp 10 percent owner 21 WATERWAY AVENUE, SUITE 150 THE WOODLANDS TX 77380
Newport Global Opportunities Fund I-a Lp 10 percent owner 21 WATERWAY AVENUE, SUITE 150 THE WOODLANDS TX 77380

J. Alexander's Holdings (J. Alexander's Holdings) Headlines

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