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Hanesbrands Net-Net Working Capital

: $-13.07 (As of Jun. 2021)
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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.

Hanesbrands's net-net working capital per share for the quarter that ended in Jun. 2021 was $-13.07.


Hanesbrands Net-Net Working Capital Historical Data

The historical data trend for Hanesbrands'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.

Hanesbrands Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Net-Net Working Capital
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.77 -11.58 -11.77 -11.65 -13.21

Hanesbrands 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 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 Premium Member Only Premium Member Only Premium Member Only -12.85 -12.79 -13.21 -13.25 -13.07

Competitive Comparison

For the Apparel Manufacturing subindustry, Hanesbrands'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.

   

Hanesbrands Net-Net Working Capital Distribution

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

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



Hanesbrands Net-Net Working Capital Calculation

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

Net-Net Working Capital Per Share(A: Dec. 2020 )
=(Cash And Cash Equivalents +0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(909.437+0.75 * 831.86+0.5 * 1491.095-6884.916
-0-0)/348.802
=-13.21

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

Net-Net Working Capital Per Share(Q: Jun. 2021 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(667.298+0.75 * 960.993+0.5 * 1530.622-6715.799
-0-0)/349.115
=-13.07

* 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.


Hanesbrands  (NYSE:HBI) 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. GuruFocus also publishes a monthly Net-Net newsletter.


Hanesbrands Net-Net Working Capital Related Terms

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Hanesbrands Business Description

Hanesbrands logo
Traded in Other Exchanges
Address
1000 East Hanes Mill Road, Winston-Salem, NC, USA, 27105
Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Bali, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina.
Executives
Upchurch W Howard Jr officer: Group President, IW Americas 1000 EAST HANES MILL ROAD WINSTON SALEM NC 27106
Griffin Bobby J director C/O UNITED RENTALS, INC. 100 FIRST STAMFORD PL STE 700 STAMFORD CT 06902
Oliver Kristin L officer: Chief Human Resources Officer 11215 METRO PARKWAY FORT MYERS FL 33966
Ziegler Ann Elizabeth director ONE EAST WACKER DR CHICAGO IL 60601
Bratspies Stephen B director, officer: Chief Executive Officer 1000 E. HANES MILL ROAD WINSTON-SALEM NC 27105
Ram Jonathan officer: Group Pres., Global Activewear 1000 E. HANES MILL ROAD WINSTON-SALEM NC 27105
Bortolussi David L officer: Group Pres, Innerwear Intl 1000 E. HANES MILL ROAD WINSTON-SALEM NC 27105
Lewis Markland Scott officer: CAO and Interim CFO 1000 EAST HANES MILL ROAD LEGAL DEPARTMENT WINSTON-SALEM NC 27105
Faircloth Michael E. officer: Group Pres, Global Ops 1000 EAST HANES MILL ROAD WINSTON-SALEM NC 27105
Breig Geralyn director ONE OLD COUNTRY ROAD SUITE 500 CARLE PLACE NY 11514
Evans Gerald director, officer: Chief Executive Officer 1000 EAST HANES MILL ROAD WINSTON-SALEM NC 27105
Singer David V director 13024 BALLANTYNE CORPORATE PL SUITE 900 CHARLOTTE NC 28277
Moran Robert F director C/O GNC HOLDINGS, INC. 300 SIXTH AVENUE PITTSBURGH PA 15222
Johnson Joia M officer: Chief Admin Ofcr, GC&Corp Sec C/O HANESBRANDS INC. 1000 EAST HANES MILL ROAD WINSTON SALEM NC 27105
Moison Franck J director C/O COLGATE PALMOLIVE CO 300 PARK AVE 15TH FL NEW YORK NY 10022

Hanesbrands Headlines

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