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BankUnited (BankUnited) Net-Net Working Capital : $-438.27 (As of Dec. 2023)


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What is BankUnited 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.

BankUnited's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-438.27.

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

BKU's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.545
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

BankUnited Net-Net Working Capital Historical Data

The historical data trend for BankUnited'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.

BankUnited Net-Net Working Capital Chart

BankUnited 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 -311.96 -339.86 -379.03 -449.53 -438.27

BankUnited Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -454.21 -443.96 -317.72 -438.27 -428.55

Competitive Comparison of BankUnited's Net-Net Working Capital

For the Banks - Regional subindustry, BankUnited'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.


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

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

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



BankUnited Net-Net Working Capital Calculation

BankUnited'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 )
=(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)
=(588.283+0+0.75 * 0+0.5 * 0-33183.686
-0-0)/74.3725
=-438.27

BankUnited'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 )
=(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)
=(588.283+0+0.75 * 0+0.5 * 0-33183.686
-0-0)/74.3725
=-438.27

* 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.


BankUnited  (NYSE:BKU) 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.


BankUnited Net-Net Working Capital Related Terms

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


BankUnited (BankUnited) Business Description

Traded in Other Exchanges
N/A
Address
14817 Oak Lane, Miami Lakes, FL, USA, 33016
BankUnited Inc is a bank holding company with one wholly owned subsidiary, BankUnited. The bank provides a full range of banking services through banking centers located primarily throughout Florida, as well as New York City. BankUnited is a commercially focused regional bank focusing on small and middle-market businesses, but also provides certain commercial lending and deposit products on a national platform. It has historically grown through organic growth. BankUnited was established by a group of investors who acquired the assets and most of the liabilities of its predecessor from the Federal Deposit Insurance Corporation. The group recapitalized BankUnited with an investment of over $900 million. most of its revenue comprises net interest income derived mostly from loans.
Executives
Germaine Smith-baugh director C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Kevin A. Malcolm other: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
A. Gail Prudenti director C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Jay D. Richards officer: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
John N. Digiacomo director C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Douglas J Pauls officer: Chief Financial Officer C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11
Sanjiv Sobti director C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Rishi Bansal other: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Rajinder P Singh officer: Chief Operating Officer C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Leslie Lunak officer: Chief Financial Officer C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Michael R. Alford officer: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
William S. Rubenstein director C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Mark Bagnoli officer: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Thomas M. Cornish officer: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016
Jeffrey Starr officer: Officer of Subsidiary C/O BANKUNITED, INC., 14817 OAK LANE, MIAMI LAKES FL 33016

BankUnited (BankUnited) Headlines

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