GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Chino Commercial Bancorp (OTCPK:CCBC) » Definitions » Net-Net Working Capital

Chino Commercial Bancorp (Chino Commercial Bancorp) Net-Net Working Capital : $-33.55 (As of Dec. 2012)


View and export this data going back to . Start your Free Trial

What is Chino Commercial Bancorp 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.

Chino Commercial Bancorp's Net-Net Working Capital for the quarter that ended in Dec. 2012 was $-33.55.

The industry rank for Chino Commercial Bancorp's Net-Net Working Capital or its related term are showing as below:

CCBC's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.95
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Chino Commercial Bancorp Net-Net Working Capital Historical Data

The historical data trend for Chino Commercial Bancorp'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.

Chino Commercial Bancorp Net-Net Working Capital Chart

Chino Commercial Bancorp Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -28.25 -31.89 -36.70 -37.14 -33.55

Chino Commercial Bancorp Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
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 -33.44 -32.35 -35.78 -33.55 -35.83

Competitive Comparison of Chino Commercial Bancorp's Net-Net Working Capital

For the Banks - Regional subindustry, Chino Commercial Bancorp'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.


Chino Commercial Bancorp's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

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

* The bar in red indicates where Chino Commercial Bancorp's Price-to-Net-Net-Working-Capital falls into.



Chino Commercial Bancorp Net-Net Working Capital Calculation

Chino Commercial Bancorp's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2012 is calculated as

Net-Net Working Capital(A: Dec. 2012 )
=(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)
=(20.363+0+0.75 * 0.287+0.5 * 0-105.913
-0-0)/2.54324
=-33.55

Chino Commercial Bancorp's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2012 is calculated as

Net-Net Working Capital(Q: Dec. 2012 )
=(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)
=(20.363+0+0.75 * 0.287+0.5 * 0-105.913
-0-0)/2.54324
=-33.55

* 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.


Chino Commercial Bancorp  (OTCPK:CCBC) 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.


Chino Commercial Bancorp Net-Net Working Capital Related Terms

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


Chino Commercial Bancorp (Chino Commercial Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
14245 Pipeline Avenue, Chino, CA, USA, 91710
Chino Commercial Bancorp is a community-oriented bank, the bank offers a wide array of personal, consumer and commercial services. The operating segments are One-to-Four Residential, Residential Income, Construction, Commercial Real Estate, Commercial and Industrial and Other. It provides a broad range of deposit instruments and general banking services, including checking, savings, and money market accounts; certificate of deposit for both business and personal accounts; telebanking (banking by phone); and courier services. The bank also provides a wide variety of lending products for both businesses and consumers.

Chino Commercial Bancorp (Chino Commercial Bancorp) Headlines

From GuruFocus

Chino Commercial Bancorp Announces 20% Stock Dividend

By Marketwired Marketwired 05-21-2021

Chino Commercial Bank Receives Super Premier Performing Recognition

By sperokesalga sperokesalga 04-12-2023

Chino Commercial Bank Receives Super Premier Performing Recognition

By GuruFocusNews GuruFocusNews 04-08-2022

Chino Commercial Bancorp Announces 20% Stock Dividend

By GlobeNewswire GlobeNewswire 05-21-2021