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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.
Rite Aid's Net-Net Working Capital for the quarter that ended in Aug. 2023 was $-121.66.
The industry rank for Rite Aid's Net-Net Working Capital or its related term are showing as below:
The historical data trend for Rite Aid'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.
Rite Aid Annual Data | |||||||||||||||||||||
Trend | Feb14 | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | |||||||||||
Net-Net Working Capital | Get a 7-Day Free Trial | -73.73 | -121.24 | -118.42 | -114.85 | -109.47 |
Rite Aid Quarterly Data | ||||||||||||||||||||
Nov18 | Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | |
Net-Net Working Capital | Get a 7-Day Free Trial | -114.36 | -113.48 | -109.47 | -113.61 | -121.66 |
For the Pharmaceutical Retailers subindustry, Rite Aid'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.
For the Healthcare Providers & Services industry and Healthcare sector, Rite Aid's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Rite Aid's Price-to-Net-Net-Working-Capital falls into.
Rite Aid's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Feb. 2023 is calculated as
Net-Net Working Capital | (A: Feb. 2023 ) | ||||||
= | (Cash, Cash Equivalents, Marketable Securities | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (157.151 | + | 0.75 * 1149.958 | + | 0.5 * 1900.744 | - | 8169.138 |
- | 0 | - | 0) | / | 56.629 | ||
= | -109.47 |
Rite Aid's Net-Net Working Capital (NNWC) per share for the quarter that ended in Aug. 2023 is calculated as
Net-Net Working Capital | (Q: Aug. 2023 ) | ||||||
= | (Cash, Cash Equivalents, Marketable Securities | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (92.926 | + | 0.75 * 1472.755 | + | 0.5 * 1993.873 | - | 9092.222 |
- | 0 | - | 0) | / | 56.6963 | ||
= | -121.66 |
* 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.
Rite Aid (OTCPK:RADCQ) 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.
Thank you for viewing the detailed overview of Rite Aid's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher W. Dupaul | officer: Chief Operating Officer | 1200 INTREPID AVENUE, 2ND FLOOR, PHILADELPHIA PA 19112 |
Sabatino Thomas J Jr | officer: Chief Legal Officer | C/O JAN STERN REED BAXTER INTERNATIONAL, ONE BAXTER PARKWAY DF2 2W, DEERFIELD IL 60015 |
Steven Bixler | officer: Chief Accounting Officer | C/O RITE AID CORPORATION, 30 HUNTER LANE, CAMP HILL PA 17011 |
Heyward R Donigan | officer: Chief Executive Officer | 452 DISCOVERY ROAD, VIRGINIA BEACH VA 23451 |
Jocelyn Z Konrad | officer: Executive VP | RITE AID CORPORATION, 30 HUNTER LANE, CAMP HILL PA 17011 |
Ray Smithberger | officer: SVP, Operations | 30 HUNTER LANE, CAMP HILL PA 17011 |
Bari A Harlam | director | C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003 |
Paul D Gilbert | officer: EVP, Secretary&General Counsel | 103 POWELL COURT, SUITE 200, BRENTWOOD TN 37027 |
Andre Persaud | officer: EVP, Retail | 30 HUNTER LANE, CAMP HILL PA 17011 |
Dan Robson | officer: President, EnvisionRXOptions | 30 HUNTER LANE, CAMP HILL PA 17011 |
James J Peters | officer: Chief Operating Officer | C/O NXSTAGE MEDICAL, INC., 350 MERRIMACK STREET, LAWRENCE MA 01843 |
James J Comitale | officer: EVP, General Counsel, Secy. | 30 HUNTER LANE, CAMP HILL PA 17011 |
Jessica Kazmaier | officer: EVP, Chief HR Officer | 30 HUNTER LANE, CAMP HILL PA 17011 |
Justin L. Mennen | officer: EVP, Chief Information Officer | 30 HUNTER LANE, CAMP HILL PA 17011 |
Katherine B Quinn | director | US BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402 |
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