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Allegiant Professional Business Services (Allegiant Professional Business Services) Net-Net Working Capital : $-0.09 (As of Dec. 2008)


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What is Allegiant Professional Business Services 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.

Allegiant Professional Business Services's Net-Net Working Capital for the quarter that ended in Dec. 2008 was $-0.09.

The industry rank for Allegiant Professional Business Services's Net-Net Working Capital or its related term are showing as below:

APRO's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.53
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Allegiant Professional Business Services Net-Net Working Capital Historical Data

The historical data trend for Allegiant Professional Business Services'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.

Allegiant Professional Business Services Net-Net Working Capital Chart

Allegiant Professional Business Services Annual Data
Trend Sep05 Sep06 Sep07 Sep08
Net-Net Working Capital
- - - -0.08

Allegiant Professional Business Services Quarterly Data
Sep05 Dec05 Mar06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08
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 - -0.13 -0.07 -0.08 -0.09

Competitive Comparison of Allegiant Professional Business Services's Net-Net Working Capital

For the Specialty Business Services subindustry, Allegiant Professional Business Services'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.


Allegiant Professional Business Services's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

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

* The bar in red indicates where Allegiant Professional Business Services's Price-to-Net-Net-Working-Capital falls into.



Allegiant Professional Business Services Net-Net Working Capital Calculation

Allegiant Professional Business Services's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2008 is calculated as

Net-Net Working Capital(A: Sep. 2008 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.018+0.75 * 0.323+0.5 * 0-7.398
-0-0)/85.9219
=-0.08

Allegiant Professional Business Services's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2008 is calculated as

Net-Net Working Capital(Q: Dec. 2008 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.035+0.75 * 0.165+0.5 * 0-7.902
-0-0)/85.9219
=-0.09

* 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.


Allegiant Professional Business Services  (OTCPK:APRO) 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.


Allegiant Professional Business Services Net-Net Working Capital Related Terms

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Allegiant Professional Business Services (Allegiant Professional Business Services) Business Description

Traded in Other Exchanges
N/A
Address
11838 Bernardo Plaza Ct., Suite 240, San Diego, CA, USA, 92128
Allegiant Professional Business Services Inc is a comprehensive employer business solutions provider like payroll processing, tax administration, workers' compensation insurance, human resources, and employee benefits.
Executives
James M Cassidy 10 percent owner 215 APOLENA AVENUE, NEWPORT BEACH CA 92662

Allegiant Professional Business Services (Allegiant Professional Business Services) Headlines

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