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Canterbury Park Holding (Canterbury Park Holding) Net-Net Working Capital : $0.62 (As of Mar. 2024)


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What is Canterbury Park Holding 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.

Canterbury Park Holding's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $0.62.

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

CPHC's Price-to-Net-Net-Working-Capital is ranked worse than
85.58% of 208 companies
in the Travel & Leisure industry
Industry Median: 8.05 vs CPHC: 36.05

Canterbury Park Holding Net-Net Working Capital Historical Data

The historical data trend for Canterbury Park Holding'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.

Canterbury Park Holding Net-Net Working Capital Chart

Canterbury Park Holding Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.25 -3.63 -1.33 -0.51 0.92

Canterbury Park Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.53 1.54 2.15 0.92 0.62

Competitive Comparison of Canterbury Park Holding's Net-Net Working Capital

For the Gambling subindustry, Canterbury Park Holding'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.


Canterbury Park Holding's Price-to-Net-Net-Working-Capital Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Canterbury Park Holding's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Canterbury Park Holding Net-Net Working Capital Calculation

Canterbury Park Holding'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)
=(26.936+0.75 * 0.484+0.5 * 0.249-22.882
-0-0)/4.96257
=0.92

Canterbury Park Holding's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(25.233+0.75 * 0.828+0.5 * 0.265-22.906
-0-0)/4.98277
=0.62

* 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.


Canterbury Park Holding  (NAS:CPHC) 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.


Canterbury Park Holding Net-Net Working Capital Related Terms

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Canterbury Park Holding (Canterbury Park Holding) Business Description

Traded in Other Exchanges
N/A
Address
1100 Canterbury Road, Shakopee, MN, USA, 55379
Canterbury Park Holding Corp is in the business of pari-mutuel wagering on horse races and unbanked card games at its canterbury park racetrack and card casino facility in Minnesota. The company has four operating segments. The horse racing segment represents pari-mutuel wagering operations on simulcast and lives horse races; the Card Casino segment represents unbanked card operations; the food and beverage segment includes concessions, catering, and events services provided at the Racetrack; and the development segment represents its real estate development operations. The firm generates a majority of its revenue from the Card Casino segment.
Executives
Damon E. Schramm director C/O EVINE LIVE INC., 6740 SHADY OAK ROAD, EDEN PRAIRIE MN 553444
Peter Ahn director 1100 CANTERBURY ROAD SOUTH, SHAKOPEE MN 55379
Sampson Family Real Estate Holdings, Llc 10 percent owner 930 LAKE SUSAN HILLS DR., CHANHASSEN MN 55317
Mark Chronister director 1100 CANTERBURY ROAD SOUTH, SHAKOPEE MN 55379
Maureen Hooley Bausch director 1100 CANTERBURY PARK RD, SHAKOPEE MN 55379
John Stefan Himle director 1100 CANTERBURY PARK RD, SHAKOPEE MN 55379
Randy James Dehmer officer: CFO/Vice President of Finance 1100 CANTERBURY PARK RD, SHAKOPEE MN 55379
Dale H Schenian director
Burton F Dahlberg director 1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Robert Wolf officer: VP of Finance 1100 CANTERBURY RD., SHAKOPEE MN 55379
Daniel J. Kennedy officer: Senior VP of Operations 1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Carin J Offerman director 1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Curtis A Sampson director PO BOX 777, S MAIN ST, HECTOR MN 55342
Michael Hochman officer: Vice President - Card Casino 1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Randall D Sampson director, 10 percent owner, officer: President, CEO & General Mgr 1100 CANTERBURY ROAD, SHAKOPEE MN 55379