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Signature Aviation (Signature Aviation) Net-Net Working Capital : $-3.26 (As of Dec. 2020)


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What is Signature Aviation 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.

Signature Aviation's Net-Net Working Capital for the quarter that ended in Dec. 2020 was $-3.26.

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

BBAVF's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 5.54
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Signature Aviation Net-Net Working Capital Historical Data

The historical data trend for Signature Aviation'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.

Signature Aviation Net-Net Working Capital Chart

Signature Aviation Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.42 -2.01 -2.42 -3.47 -3.26

Signature Aviation Semi-Annual Data
Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20
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 -2.42 -3.73 -3.47 -3.38 -3.26

Competitive Comparison of Signature Aviation's Net-Net Working Capital

For the Airports & Air Services subindustry, Signature Aviation'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.


Signature Aviation's Price-to-Net-Net-Working-Capital Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Signature Aviation's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Signature Aviation Net-Net Working Capital Calculation

Signature Aviation's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2020 is calculated as

Net-Net Working Capital(A: Dec. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(168+0.75 * 146.6+0.5 * 35.2-2997.3
-0-1.4)/828.844
=-3.26

Signature Aviation's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2020 is calculated as

Net-Net Working Capital(Q: Dec. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(168+0.75 * 146.6+0.5 * 35.2-2997.3
-0-1.4)/828.844
=-3.26

* 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.


Signature Aviation  (OTCPK:BBAVF) 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.


Signature Aviation Net-Net Working Capital Related Terms

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Signature Aviation (Signature Aviation) Business Description

Traded in Other Exchanges
N/A
Address
105 Wigmore Street, London, GBR, W1U 1QY
Signature Aviation is a United Kingdom-based global aviation support and aftermarket services provider that focuses on servicing the business and general aviation market. The group, including Signature FBO, TechnicAir, and Epic fuels, provides full-service flight and home-base support through the fixed-base operation network for business and general aviation users. The company operates through three segments: owner operators, fractional owner operators, and charter operators. Epic provides fuel and fuel-related services at fixed-base networks across North America, including fuel purchasing cards and transaction processing. The company generates most of its revenue in North America.

Signature Aviation (Signature Aviation) Headlines