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U-Haul Holding Co (U-Haul Holding Co) Net-Net Working Capital : $-50.39 (As of Dec. 2023)


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What is U-Haul Holding Co 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.

U-Haul Holding Co's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-50.39.

The industry rank for U-Haul Holding Co's Net-Net Working Capital or its related term are showing as below:

UHAL's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 6.25
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

U-Haul Holding Co Net-Net Working Capital Historical Data

The historical data trend for U-Haul Holding Co'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.

U-Haul Holding Co Net-Net Working Capital Chart

U-Haul Holding Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -37.25 -43.52 -42.75 -42.63 -47.45

U-Haul Holding Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -45.62 -47.45 -46.95 -48.97 -50.39

Competitive Comparison of U-Haul Holding Co's Net-Net Working Capital

For the Rental & Leasing Services subindustry, U-Haul Holding Co'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.


U-Haul Holding Co's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, U-Haul Holding Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where U-Haul Holding Co's Price-to-Net-Net-Working-Capital falls into.



U-Haul Holding Co Net-Net Working Capital Calculation

U-Haul Holding Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2076.445+0.75 * 186.963+0.5 * 151.474-11596.313
-0-0)/196.078
=-47.45

U-Haul Holding Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1806.969+0.75 * 200.275+0.5 * 155.161-11914.775
-0-0)/196.078
=-50.39

* 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.


U-Haul Holding Co  (NYSE:UHAL) 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.


U-Haul Holding Co Net-Net Working Capital Related Terms

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U-Haul Holding Co (U-Haul Holding Co) Business Description

Traded in Other Exchanges
Address
5555 Kietzke Lane, Suite 100, Reno, NV, USA, 89511
U-Haul Holding Co is an American moving truck, trailer, and self-storage rental company. The company also provides moving boxes, packing supplies, LPG (propane) refills, trailer hitch and wiring installation, storage container rentals, and other services. It has three reportable segments Moving and Storage, Property and Casualty Insurance, and Life Insurance. The majority of its revenue comes from the Moving and Storage segment.
Executives
Clarendon Strategies, Llc 10 percent owner 207 EAST CLARENDON AVENUE, PHOENIX AZ 85012
Edward J Shoen director, 10 percent owner, officer: President 2727 N CENTRAL AVE, PHOENIX AZ 85004
Mark V Shoen 10 percent owner 2727 N CENTRAL AVE, PHOENIX AZ 85004
Willow Grove Holdings Lp 10 percent owner 1250 E. MISSOURI AVE, PHOENIX AZ 85014
Foster Road Llc 10 percent owner 1250 E. MISSOURI AVE, PHOENIX AZ 85014
Karl A. Schmidt director 600 HERITAGE RD., DE PERE WI 54115
John P. Brogan director 2727 N CENTRAL AVE, PHOENIX AZ 85004
Carrie Martz other: Advisory Board Member 21335 N. 74TH WAY, SCOTTSDALE AZ 85225
De Respino Laurence J other: General Counsel 2721 N. CENTRAL, 11TH FLOOR, SOUTH TOWER, PHOENIX AZ 85004
Maria Lourdes Bell officer: Chief Accounting Officer 2727 N. CENTRAL AVE, PHOENIX AZ 85004
Matthew Braccia officer: Pres-Amerco Real Estate Co. 2727 N. CENTRAL AVE., PHOENIX AZ 85004
Thomas W Hayes other: Ind. Gov Committee Member C/O FREMONT GENERAL CORP, 2020 SANTA MONICA BLVD #600, SANTA MONICA CA 90404
Carlos Vizcarra officer: Pres-Amerco Real Estate Co 2727 N CENTRAL AVE, PHOENIX AZ 85004
Richard Jay Herrera director 21 BRILLIANT SKY DRIVE, SANTE FE NM 87508
David L Holmes 10 percent owner, other: Trustee 4040 S. WESTPOINT DR., RENO NV 89509