Berger Paints Jamaica (XJAM:BRG) Net-Net Working Capital : JMD-0.66 (As of Dec. 2008)

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What is Berger Paints Jamaica 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.

Berger Paints Jamaica's Net-Net Working Capital for the quarter that ended in Dec. 2008 was JMD-0.66.

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

XJAM:BRG's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Chemicals industry.
Industry Median: 7.25
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Berger Paints Jamaica Net-Net Working Capital Historical Data

The historical data trend for Berger Paints Jamaica'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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Berger Paints Jamaica Net-Net Working Capital Chart

Berger Paints Jamaica Annual Data

Trend

Dec08

Net-Net Working Capital

-0.66

Berger Paints Jamaica Semi-Annual Data
	Dec08
Net-Net Working Capital	-0.66

Competitive Comparison of Berger Paints Jamaica's Net-Net Working Capital

For the Specialty Chemicals subindustry, Berger Paints Jamaica'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.

Berger Paints Jamaica's Price-to-Net-Net-Working-Capital Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Berger Paints Jamaica's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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

Berger Paints Jamaica Net-Net Working Capital Calculation

Berger Paints Jamaica's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2008 is calculated as

	Net-Net Working Capital		(A: Dec. 2008 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(26.591	+	0.75 * 313.075	+	0.5 * 337.012	-	576.234
-	0	-	0)	/	222.286
=	-0.66

Berger Paints Jamaica's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2008 is calculated as

	Net-Net Working Capital		(Q: Dec. 2008 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(26.591	+	0.75 * 313.075	+	0.5 * 337.012	-	576.234
-	0	-	0)	/	222.286
=	-0.66

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.

Berger Paints Jamaica (XJAM:BRG) 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.

Berger Paints Jamaica Net-Net Working Capital Related Terms

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Berger Paints Jamaica (XJAM:BRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Berger Paints Jamaica Ltd (XJAM:BRG) » Definitions » Net-Net Working Capital

Traded in Other Exchanges

N/A

Address

256 Spanish Town Road, P O Box 8, Kingston, JAM, 11

Website

https://www.bergerpaintscaribbean.com

Berger Paints Jamaica Ltd is engaged in the manufacturing and distribution of paint and paint related products. The company's products and services include consumer service, protective coatings, marine paints and architectural and wood finishes. It offers paints, primers, textures, wood finishes, and light industrial finishes. It serves homes and institutions. The group has a strong presence in five regions of the world, including Middle East, South Asia, South East Asia, South Pacific, and the Caribbean, through its five corporate brands - Berger International, Asian Paints, SCIB Paints, Apco Coatings, Taubmans, and Kadisco.