PACS (PACS Group) Net-Net Working Capital : $-18.33 (As of Jun. 2024)

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What is PACS Group 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.

PACS Group's Net-Net Working Capital for the quarter that ended in Jun. 2024 was $-18.33.

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

PACS's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 7.43
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

PACS Group Net-Net Working Capital Historical Data

The historical data trend for PACS Group'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.

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PACS Group Net-Net Working Capital Chart

PACS Group Annual Data

Trend

Dec21

Dec22

Dec23

Net-Net Working Capital

-13.73

-19.84

PACS Group Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Net-Net Working Capital	Get a 7-Day Free Trial			-	-	-19.84	-21.59	-18.33

Competitive Comparison of PACS Group's Net-Net Working Capital

For the Medical Care Facilities subindustry, PACS Group'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.

PACS Group's Price-to-Net-Net-Working-Capital Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, PACS Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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

PACS Group Net-Net Working Capital Calculation

PACS Group'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 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(73.416	+	0.75 * 547.807	+	0.5 * 0	-	3411.013
-	0	-	5.6)	/	147.773
=	-19.84

PACS Group'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 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(73.374	+	0.75 * 610.577	+	0.5 * 0	-	3318.114
-	0	-	6.106)	/	152.4
=	-18.33

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.

PACS Group (NYSE:PACS) 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.

PACS Group Net-Net Working Capital Related Terms

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PACS Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PACS Group Inc (NYSE:PACS) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

262 N. University Avenue, Farmington, UT, USA, 84025

Website

https://www.pacs.com

PACS Group Inc is a post-acute healthcare company primarily focused on delivering high-quality skilled nursing care through a portfolio of independently operated facilities Its is a nursing providers in the United States based on number of facilities, with over 200 post-acute care facilities across nine states serving over 20,000 patients daily. It also provide senior care, assisted living, and independent living options in some of communities.