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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.
Bogota Financial's Net-Net Working Capital for the quarter that ended in Sep. 2024 was $-55.82.
The industry rank for Bogota Financial's Net-Net Working Capital or its related term are showing as below:
The historical data trend for Bogota Financial'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.
Bogota Financial Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Net-Net Working Capital | Get a 7-Day Free Trial | -96.95 | -39.37 | -37.03 | -51.57 | -54.81 |
Bogota Financial Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Net-Net Working Capital | Get a 7-Day Free Trial | -53.49 | -54.81 | -54.84 | -55.74 | -55.82 |
For the Banks - Regional subindustry, Bogota Financial'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.
For the Banks industry and Financial Services sector, Bogota Financial's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bogota Financial's Price-to-Net-Net-Working-Capital falls into.
Bogota Financial'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) | ||||
= | (24.929 | + | 68.888 | + | 0.75 * 3.933 | + | 0.5 * 0 | - | 802.151 |
- | 0 | - | 0) | / | 12.8695 | ||||
= | -54.81 |
Bogota Financial's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as
Net-Net Working Capital | (Q: Sep. 2024 ) | ||||||||
= | (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) | ||||
= | (21.003 | + | 108.561 | + | 0.75 * 4.353 | + | 0.5 * 0 | - | 841.95 |
- | 0 | - | 0) | / | 12.7027 | ||||
= | -55.82 |
* 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.
Bogota Financial (NAS:BSBK) 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.
Thank you for viewing the detailed overview of Bogota Financial's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.
John J. Masterson | director | 24 COUNTRY CLUB WAY, DEMAREST NJ 07627 |
Kevin Pace | officer: Executive Vice President | 819 TEANECK ROAD, TEANECK NJ 07666 |
Robert C. Walsh | officer: Executive Vice President | 819 TEANECK ROAD, TEANECK NJ 07666 |
Joseph Coccaro | director, officer: President and CEO | 819 TEANECK ROAD, TEANECK NJ 07666 |
William Charles Hanson | director | 819 TEANECK ROAD, TEANECK NJ 07666 |
Steven M. Goldberg | director, other: Chairman of the Board | 819 TEANECK ROAD, TEANECK NJ 07666 |
John G. Reiner | director | 819 TEANECK ROAD, TEANECK NJ 07666 |
Brian Kohles | officer: SVP of Subsidiary | 819 TEANECK ROAD, TEANECK NJ 07666 |
Brian Mccourt | officer: EVP and CFO | 819 TEANECK ROAD, TEANECK NJ 07666 |
Financial, Mhc Bogota | 10 percent owner | 819 TEANECK ROAD, TEANECK NJ 07666 |
Patricia Sturt | officer: SVP of Subsidiary | 819 TEANECK ROAD, TEANECK NJ 07666 |
Kathleen Pless | officer: SVP- Comm Lending of Sub | 819 TEANECK ROAD, TEANECK NJ 07666 |
Bruce H. Dexter | director | 819 TEANECK ROAD, TEANECK NJ 07666 |
Gary Gensheimer | director | 819 TEANECK ROAD, TEANECK NJ 07666 |
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