Regal Entertainment Group (Regal Entertainment Group) Net-Net Working Capital : $-21.15 (As of Dec. 2017)

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What is Regal Entertainment Group 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.

Regal Entertainment Group's Net-Net Working Capital for the quarter that ended in Dec. 2017 was $-21.15.

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

RGC's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Media - Diversified industry.
Industry Median: 5.06
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Regal Entertainment Group Net-Net Working Capital Historical Data

The historical data trend for Regal Entertainment Group'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.

Regal Entertainment Group Net-Net Working Capital Chart

Regal Entertainment Group Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Net-Net Working Capital

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-19.48

-20.39

-20.05

-19.85

-21.15

Regal Entertainment Group Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
Net-Net Working Capital	Get a 7-Day Free Trial															-19.85	-19.44	-20.88	-20.91	-21.15

Competitive Comparison of Regal Entertainment Group's Net-Net Working Capital

For the Broadcasting subindustry, Regal Entertainment Group'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.

Regal Entertainment Group's Price-to-Net-Net-Working-Capital Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Regal Entertainment Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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

Regal Entertainment Group Net-Net Working Capital Calculation

Regal Entertainment Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2017 is calculated as

	Net-Net Working Capital		(A: Dec. 2017 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(228.8	+	0.75 * 184	+	0.5 * 22.9	-	3698.7
-	0	-	0.1)	/	157.016
=	-21.15

Regal Entertainment Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2017 is calculated as

	Net-Net Working Capital		(Q: Dec. 2017 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(228.8	+	0.75 * 184	+	0.5 * 22.9	-	3698.7
-	0	-	0.1)	/	157.016
=	-21.15

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.

Regal Entertainment Group (NYSE:RGC) 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.

Regal Entertainment Group Net-Net Working Capital Related Terms

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Regal Entertainment Group (Regal Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Regal Entertainment Group (NYSE:RGC) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.regmovies.com

Regal is the largest movie theater circuit in the United States.Â It operates more than 6,300 screens in 39 states, including 44 of the top 50 designated market areas. Regal generated nearly $3 billion of revenue, approximately 70% of which was from ticket sales, 25% from concessions sales, and the remaining 5% from other streams, such as on-screen advertising and in-lobby video games. Most of Regal's theaters are located in midsize cities and suburban areas of larger cities.

Executives

Amy E Miles	director, officer: Chief Executive Officer
David H Keyte	director	1615 WYNKOOP STREET, DENVER CO 80902
Lee M Thomas	director	133 PEACHTREE ST NE, 41ST FL, ATLANTA GA 30303
Alex Yemenidjian	director	C/O GUESS?, INC., 1444 SOUTH ALAMEDA STREET, LOS ANGELES CA 90021
Bell Thomas D Jr	director
Charles E Brymer	director	437 MADISON AVENUE, NEW YORK NY 10022
Philip F Anschutz	10 percent owner	2400 ANACONDA TOWER 555 SEVENTEENTH ST, C/O ANSCHUTZ CO STE 2400, DENVER CO 80202
Michael L Campbell	director	7132 REGAL LANE, KNOXVILLE TN 37918
Peter B Brandow	officer: EVP, General Counsel, Sec.	C/O REGAL ENTERTAINMENT GROUP, 7132 REGAL LANDE, KNOXVILLE TN 37918
Stephen A Kaplan	director	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Anschutz Co	10 percent owner	555 SEVENTEENTH STREET, SUITE 2400, DENVER CO 80202
Oaktree Capital Management Lp	10 percent owner	333 S GRAND AVE 28TH FL, LOS ANGELES CA 90071
Ocm Principal Opportunities Fund Ii Lp	10 percent owner
Kurt C Hall	other: Former Co-Chairman and Co-CEO	C/O REGAL ENTERTAINMENT GROUP, 7132 REGAL LANDE, KNOXVILLE TN 37918
Michael J Dolan	director	C/O MATTEL INC, 333 CONTINENTAL BLVD M-1518, EL SEGUNDO CA 90245