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MNB Holdings (OTCPK:MNBO) Net-Net Working Capital

: $-259.49 (As of Dec. 2022)
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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.

MNB Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2022 was $-259.49.

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

MNBO's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 6.73
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

MNB Holdings Net-Net Working Capital Historical Data

The historical data trend for MNB 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.

MNB Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -398.74 -377.04 -303.83 -254.34 -259.49

MNB Holdings Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital 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 -398.74 -377.04 -303.83 -254.34 -259.49

Competitive Comparison

For the Banks - Regional subindustry, MNB Holdings's Net-Net Working Capital, along with its competitors' market caps and 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.

   

MNB Holdings Net-Net Working Capital Distribution

For the Banks industry and Financial Services sector, MNB Holdings's Net-Net Working Capital distribution charts can be found below:

* The bar in red indicates where MNB Holdings's Net-Net Working Capital falls in comparison to its industry or sector. The grey bar indicates the Net-Net Working Capital's extreme value range as defined by GuruFocus.



MNB Holdings Net-Net Working Capital Calculation

MNB Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(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)
=(39.852+0+0.75 * 1.016+0.5 * 0-159.148
-0-0)/0.45679
=-259.49

MNB Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2022 is calculated as

Net-Net Working Capital(Q: Dec. 2022 )
=(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)
=(39.852+0+0.75 * 1.016+0.5 * 0-159.148
-0-0)/0.45679
=-259.49

* 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.


MNB Holdings  (OTCPK:MNBO) 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.


MNB Holdings Net-Net Working Capital Related Terms

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MNB Holdings (OTCPK:MNBO) Business Description

MNB Holdings logo
Traded in Other Exchanges
N/A
Address
3060 16th Street, San Francisco, CA, USA, 94103
MNB Holdings Corp is a commercial bank. It provides business checking, business lending, and personal banking services. In business banking, it offers business money market, business savings, business checking analyzed and Attorney Trust Account. The company provides service to underserved groups, such as commercial banking services to minority small businesses, and niche retail segments and geographic operating areas.
Executives
Maritza Aberouette director 3060 16TH STREET, C/O MNB HOLDINGS CORP, SAN FRANCISCO CA 94103

MNB Holdings (OTCPK:MNBO) Headlines

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