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Associated Banc-Corp (Associated Banc-Corp) Net-Net Working Capital : $-214.51 (As of Dec. 2023)


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What is Associated Banc-Corp 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.

Associated Banc-Corp's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-214.51.

The industry rank for Associated Banc-Corp's Net-Net Working Capital or its related term are showing as below:

ASB's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.515
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Associated Banc-Corp Net-Net Working Capital Historical Data

The historical data trend for Associated Banc-Corp'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.

Associated Banc-Corp Net-Net Working Capital Chart

Associated Banc-Corp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -157.85 -168.13 -173.12 -213.64 -214.51

Associated Banc-Corp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -215.08 -219.11 -221.08 -214.51 -215.36

Competitive Comparison of Associated Banc-Corp's Net-Net Working Capital

For the Banks - Regional subindustry, Associated Banc-Corp'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.


Associated Banc-Corp's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

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

* The bar in red indicates where Associated Banc-Corp's Price-to-Net-Net-Working-Capital falls into.



Associated Banc-Corp Net-Net Working Capital Calculation

Associated Banc-Corp's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(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)
=(909.473+3600.892+0.75 * 169.569+0.5 * 0-36841.881
-194.112-0)/151.037
=-214.51

Associated Banc-Corp'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 )
=(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)
=(909.473+3600.892+0.75 * 169.569+0.5 * 0-36841.881
-194.112-0)/151.037
=-214.51

* 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.


Associated Banc-Corp  (NYSE:ASB) 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.


Associated Banc-Corp Net-Net Working Capital Related Terms

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


Associated Banc-Corp (Associated Banc-Corp) Business Description

Traded in Other Exchanges
Address
433 Main Street, Green Bay, WI, USA, 54301
Associated Banc-Corp is a bank holding company. The company through its subsidiaries provides a broad array of banking and nonbanking products and services to individuals and businesses. The company operates in three reportable segments; Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty and Community, Consumer, and Business segments.
Executives
John A. Utz officer: Executive Vice President ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301
David L Stein officer: Executive Vice President 433 MAIN STREET, GREEN BAY WI 54301
Jayne C Hladio officer: EVP, President Private Wealth C/O ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301
Randall J. Erickson officer: Executive Vice President C/O ASSOCIATED BANC-CORP, 1200 HANSEN ROAD, GREEN BAY WI 54304
Michael J Haddad director C/O ASSOCIATED BANC CORP, 433 MAIN STREET, GREEN BAY WI 54301
Andrew J Harmening director, officer: President & CEO ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301
Karen Beckwith director 433 MAIN STREET, C/O ASSOCIATED BANC-CORP, GREEN BAY WI 54301
Eileen A Kamerick director 200 NORTH ADAMS STREET, GREEN BAY WI 54301
John B Williams director C/O ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301
Terry Lynn Williams officer: Chief Information Officer C/O ASSOCIATED BANC CORP, 433 MAIN STREET, GREEN BAY WI 54301
Tammy C. Stadler officer: Principal Accounting Officer 330 E. KILBOURN, SUITE 200, MILWAUKEE WI 53202
Derek S. Meyer officer: EVP, Chief Financial Officer C/O ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301
Bryan Carson officer: Executive Vice President C/O ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301
Matthew R Braeger officer: Executive Vice President 433 MAIN STREET, GREEN BAY WI 54301
John P Thayer officer: Executive Vice President C/O ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301