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West Suburban Bancorp (West Suburban Bancorp) Net-Net Working Capital : $-4,018.75 (As of Jun. 2012)


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What is West Suburban 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.

West Suburban Bancorp's Net-Net Working Capital for the quarter that ended in Jun. 2012 was $-4,018.75.

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

WNRP'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.

West Suburban Bancorp Net-Net Working Capital Historical Data

The historical data trend for West Suburban 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.

West Suburban Bancorp Net-Net Working Capital Chart

West Suburban Bancorp Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11
Net-Net Working Capital
-3,931.41 -3,948.51 -4,000.81 -4,066.87 -3,850.49

West Suburban Bancorp Quarterly Data
Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12
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 -3,916.99 -3,772.64 -3,850.49 -4,148.50 -4,018.75

Competitive Comparison of West Suburban Bancorp's Net-Net Working Capital

For the Banks - Regional subindustry, West Suburban 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.


West Suburban Bancorp's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

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

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



West Suburban Bancorp Net-Net Working Capital Calculation

West Suburban Bancorp's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2011 is calculated as

Net-Net Working Capital(A: Dec. 2011 )
=(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)
=(116.039+0+0.75 * 33.788+0.5 * 0-1784.961
-0-0)/0.42685
=-3,850.49

West Suburban Bancorp's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2012 is calculated as

Net-Net Working Capital(Q: Jun. 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)
=(96.217+0+0.75 * 33.197+0.5 * 0-1836.518
-0-0)/0.42685
=-4,018.75

* 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.


West Suburban Bancorp  (OTCPK:WNRP) 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.


West Suburban Bancorp Net-Net Working Capital Related Terms

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West Suburban Bancorp (West Suburban Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
711 South Meyers Road, Lombard, IL, USA, 60148
West Suburban Bancorp Inc is a bank holding company. The bank focuses on providing retail and commercial banking products and services in its market area. The company accepts checking, health savings, savings, money market, and investment savings accounts, as well as offers certificates of deposit. It also provides various loans, such as master equity lines; home equity installment loans; auto loans; student loans; mortgages; and commercial loans.

West Suburban Bancorp (West Suburban Bancorp) Headlines