GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Randolph Bancorp Inc (NAS:RNDB) » Definitions » Net-Net Working Capital

Randolph Bancorp (Randolph Bancorp) Net-Net Working Capital : $-119.70 (As of Jun. 2022)


View and export this data going back to 2016. Start your Free Trial

What is Randolph Bancorp 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.

Randolph Bancorp's Net-Net Working Capital for the quarter that ended in Jun. 2022 was $-119.70.

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

RNDB's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.815
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Randolph Bancorp Net-Net Working Capital Historical Data

The historical data trend for Randolph Bancorp'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.

Randolph Bancorp Net-Net Working Capital Chart

Randolph Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net-Net Working Capital
Get a 7-Day Free Trial -62.31 -80.52 -87.01 -100.25 -104.45

Randolph Bancorp Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 -106.04 -114.54 -104.45 -108.25 -119.70

Competitive Comparison of Randolph Bancorp's Net-Net Working Capital

For the Banks - Regional subindustry, Randolph Bancorp'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.


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

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

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



Randolph Bancorp Net-Net Working Capital Calculation

Randolph Bancorp's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(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)
=(115.449+51.666+0.75 * 1.5+0.5 * 0-702.375
-0-0)/5.11382
=-104.45

Randolph Bancorp's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2022 is calculated as

Net-Net Working Capital(Q: Jun. 2022 )
=(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)
=(14.891+47.142+0.75 * 1.699+0.5 * 0-685.475
-0-0)/5.19768
=-119.70

* 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.


Randolph Bancorp  (NAS:RNDB) 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.


Randolph Bancorp Net-Net Working Capital Related Terms

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


Randolph Bancorp (Randolph Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
2 Batterymarch Park, Suite 301, Quincy, MA, USA, 02169
Randolph Bancorp Inc is a bank holding company of Envision Bank. The company is engaged in providing financial services to individuals, families, and small to mid-size businesses. The business of the company includes accepting deposits from the public and investing those deposits, commercial real estate loans, construction loans, investment securities, and consumer loans. The firm also offers deposit accounts, certificates of deposit, and money market accounts. The company has two reporting segments; Envision Bank, which is the key revenue generating segment; and Envision Mortgage. Envision Mortgage consists primarily of gains on loan origination and sales activities, loan servicing income and interest income on loans held for sale and residential construction loans.
Executives
Martin S. Friedman 10 percent owner 7901 JONES BRANCH DR. SUITE 210, MCLEAN VA 22102
Richard C. Pierce director C/O RANDOLPH BANCORP, INC., 10 CABOT PLACE, STOUGHTON MA 02072
William M Parent director, officer: President & CEO C/O GRAIL INVESTMENT CORP., 767 THIRD AVENUE, 21ST FLOOR, NEW YORK NY 10017
Evelyn Kaupp director C/O RANDOLPH BANCORP, INC., 10 CABOT PLACE, STOUGHTON MA 02072
Ronald K Perry director 320 NORWOOD PARK SOUTH, NORWOOD MA 02062
Pamela C Scott director 151 BRADLEE AVENUE, SWAMPSCOTT MA 01907
Ryan J. Kirwin officer: See Remarks C/O RANDOLPH BANCORP, INC., 10 CABOT PLACE, STOUGHTON MA 02072
Louis J. Trubiano director C/O RANDOLPH BANCORP, INC., 10 CABOT PLACE, STOUGHTON MA 02072
Thomas A. Foresta officer: See Remarks C/O RANDOLPH BANCORP, INC., 10 CABOT PLACE, STOUGHTON MA 02072
Quigley Kenneth K Jr director
Olson Richard D. Jr. officer: See Remarks C/O RANDOLPH BANCORP, INC., 10 CABOT PLACE, STOUGHTON MA 02072
Lauren Messmore officer: EVP & CFO 320 NORWOOD PARK SOUTH, NORWOOD MA 02062
Janis E. Wentzell director C/O RANDOLPH BANCORP, INC., 10 CABOT PLACE, STOUGHTON MA 02072
James G. Welch director C/O RANDOLPH BANCORP, INC., 10 CABOT PLACE, STOUGHTON MA 02072
Nancy J. Curry officer: SVP/Commercial Lending C/O RANDOLPH BANCORP, INC., 10 CABOT PLACE, STOUGHTON MA 02072

Randolph Bancorp (Randolph Bancorp) Headlines

From GuruFocus