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RAIT Financial Trust (RAIT Financial Trust) Net-Net Working Capital : $0.00 (As of Jun. 2019)


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What is RAIT Financial Trust 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.

RAIT Financial Trust's Net-Net Working Capital for the quarter that ended in Jun. 2019 was $0.00.

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

RASJQ.PFD's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 11.27
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

RAIT Financial Trust Net-Net Working Capital Historical Data

The historical data trend for RAIT Financial Trust'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.

RAIT Financial Trust Net-Net Working Capital Chart

RAIT Financial Trust Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Net-Net Working Capital
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RAIT Financial Trust Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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Competitive Comparison of RAIT Financial Trust's Net-Net Working Capital

For the REIT - Diversified subindustry, RAIT Financial Trust'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.


RAIT Financial Trust's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, RAIT Financial Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



RAIT Financial Trust Net-Net Working Capital Calculation

RAIT Financial Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2018 is calculated as

Net-Net Working Capital(A: Dec. 2018 )
=(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)
=(42.453+0+0.75 * 18.044+0.5 * 0-665.258
-0.1-0)/0
=N/A

RAIT Financial Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2019 is calculated as

Net-Net Working Capital(Q: Jun. 2019 )
=(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)
=(46.705+0+0.75 * 16.754+0.5 * 0-518.124
-0.1-0)/0
=N/A

* 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.


RAIT Financial Trust  (OTCPK:RASJQ.PFD) 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.


RAIT Financial Trust Net-Net Working Capital Related Terms

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RAIT Financial Trust (RAIT Financial Trust) Business Description

Traded in Other Exchanges
N/A
Address
100 North 18th Street, Two Logan Square, 23rd Floor, Philadelphia, PA, USA, 19103
RAIT Financial Trust is a United States-based real estate investment trust. Through its subsidiaries, the company invests in and manages a portfolio of commercial real estate (CRE) loans and properties. It operates in the business segment of real estate lending, owning and managing segment which focuses on lending, owning and managing commercial real estate assets throughout the United States. The form of the company's investments ranged from first mortgage loans to equity ownership of a commercial real estate property. It derives main revenue in the form of property income.

RAIT Financial Trust (RAIT Financial Trust) Headlines

From GuruFocus

RAIT Financial Trust (RAS) COO & Secretary Raphael Licht sells 9,191 Shares

By GuruFocus Research GuruFocus Editor 12-04-2009

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RAIT Financial Trust (RAS) Chairman & Trustee Betsy Z Cohen buys 9,191 Shares

By GuruFocus Research GuruFocus Editor 12-04-2009

RAIT Financial Trust (RAS) CEO Scott Schaeffer buys 25,000 Shares

By GuruFocus Research GuruFocus Editor 11-24-2009