GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FFW Corp (OTCPK:FFWC) » Definitions » Net-Net Working Capital

FFW (FFWC) Net-Net Working Capital : $-445.37 (As of Jun. 2024)


View and export this data going back to 1993. Start your Free Trial

What is FFW 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.

FFW's Net-Net Working Capital for the quarter that ended in Jun. 2024 was $-445.37.

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

FFWC's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 5.03
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

FFW Net-Net Working Capital Historical Data

The historical data trend for FFW'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.

FFW Net-Net Working Capital Chart

FFW Annual Data
Trend Jun06 Jun07 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -333.36 -330.47 -379.55 -429.40 -445.37

FFW Semi-Annual Data
Jun96 Jun97 Jun98 Jun99 Jun00 Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
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 -333.36 -330.47 -379.55 -429.40 -445.37

Competitive Comparison of FFW's Net-Net Working Capital

For the Banks - Regional subindustry, FFW'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.


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

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

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


;
;

FFW Net-Net Working Capital Calculation

FFW's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2024 is calculated as

Net-Net Working Capital(A: Jun. 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)
=(16.92+0+0.75 * 0+0.5 * 0-518.848
-0-0)/1.127
=-445.37

FFW's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 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)
=(16.92+0+0.75 * 0+0.5 * 0-518.848
-0-0)/1.127
=-445.37

* 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.


FFW  (OTCPK:FFWC) 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.


FFW Net-Net Working Capital Related Terms

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


FFW Business Description

Traded in Other Exchanges
N/A
Address
1205 North Cass Street, Wabash, IN, USA, 46992
FFW Corp operates in the United States provides various financial products and services. The company offers various deposit services, digital banking, savings loans, mortgage loans, business loans, and insurance services. It earns its revenue from interest and dividends earned on loans, investment securities, and other financial securities.

FFW Headlines

From GuruFocus

FFW Corporation Announces Quarterly Cash Dividend

By Marketwired Marketwired 11-25-2020

FFW Corporation Announces Quarterly Cash Dividend

By Marketwired Marketwired 06-01-2018

FFW Corporation Announces Quarterly Cash Dividend

By Marketwired Marketwired 02-24-2021

FFW Corporation Announces Quarterly Cash Dividend

By Marketwired Marketwired 05-26-2021

FFW Corporation Announces Quarterly Cash Dividend

By Marketwired Marketwired 08-25-2021