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Fauquier Bankshares (Fauquier Bankshares) Net-Net Working Capital : $-154.16 (As of Dec. 2020)


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What is Fauquier Bankshares 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.

Fauquier Bankshares's Net-Net Working Capital for the quarter that ended in Dec. 2020 was $-154.16.

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

FBSS's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.4
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Fauquier Bankshares Net-Net Working Capital Historical Data

The historical data trend for Fauquier Bankshares'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.

Fauquier Bankshares Net-Net Working Capital Chart

Fauquier Bankshares 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 -120.15 -129.05 -140.54 -139.40 -154.16

Fauquier Bankshares Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 -139.40 -142.94 -156.69 -160.18 -154.16

Competitive Comparison of Fauquier Bankshares's Net-Net Working Capital

For the Banks - Regional subindustry, Fauquier Bankshares'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.


Fauquier Bankshares's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

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

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



Fauquier Bankshares Net-Net Working Capital Calculation

Fauquier Bankshares'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 )
=(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)
=(124.553+82.848+0.75 * 2.305+0.5 * 0-794.712
-0-0)/3.79856
=-154.16

Fauquier Bankshares'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 )
=(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)
=(124.553+82.848+0.75 * 2.305+0.5 * 0-794.712
-0-0)/3.79856
=-154.16

* 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.


Fauquier Bankshares  (NAS:FBSS) 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.


Fauquier Bankshares Net-Net Working Capital Related Terms

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


Fauquier Bankshares (Fauquier Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
10 Courthouse Square, Warrenton, VA, USA, 20186
Fauquier Bankshares Inc is a bank holding company. The bank provides a range of consumer and commercial banking services to individuals, businesses, and industries. Its basic services offered by the bank include interest and non-interest-bearing demand deposit accounts, money market deposit accounts, negotiable order of withdrawal accounts, time deposits, amongst others. The company also makes secured and unsecured commercial and real estate loans, issues standby letters of credit and grants available credit for installment, unsecured and secured personal loans, residential mortgages and home equity loans, as well as automobile and other types of consumer financing.
Executives
Brian Stuart Montgomery director 10 COURTHOUSE SQ WARRENTON VA 20186
Randolph Tucker Minter director 10 COURTHOUSE SQ WARRENTON VA 20186
Adams John Buchanan Jr director 10 COURTHOUSE SQUARE, WARRENTON VA 20188
Christine Edwards Headly officer: EVP & Chief Financial Officer 10 COURTHOUSE SQUARE WARRENTON VA 20186
P Kurtis Rodgers director 10 COURTHOUSE SQUARE WARRENTON VA 20186
Strange Sterling T Iii director 10 COURTHOUSE SQUARE, WARRENTON VA 20186
Jay B Keyser director 10 COURTHOUSE SQUARE, WARRENTON VA 20186
Randolph D Frostick director 10 COURTHOUSE SQUARE, WARRENTON VA 20186
Donna D Flory director 10 COURTHOUSE SQUARE WARRENTON VA 20186
Kevin T Carter director 10 COURTHOUSE SQUARE, WARRENTON VA 20186
Chip S Register officer: EVP & Chief Operating Officer 10 COURTHOUSE SQUARE WARRENTON VA 20186
Marc J Bogan director, officer: President and CEO 10 COURTHOUSE SQUARE, WARRENTON VA 20186
T. Michael York officer: Chief Operating Officer 10 COURTHOUSE SQUARE WARRENTON VA 20186
Eric Peter Graap other: Former CFO & Director 10 COURTHOUSE SQUARE WARRENTON VA 20186
Randy Kent Ferrell director, officer: President and CEO 10 COURTHOUSE SQUARE WARRENTON VA 20188