International Speedway (International Speedway) Net-Net Working Capital : $-6.83 (As of Aug. 2019)

International Speedway Net-Net Working Capital Chart

International Speedway Annual Data
	Trend	Nov09	Nov10	Nov11	Nov12	Nov13	Nov14	Nov15	Nov16	Nov17	Nov18
Net-Net Working Capital		Get a 7-Day Free Trial					-11.89	-11.54	-10.79	-10.58	-7.25

International Speedway Quarterly Data
	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19
Net-Net Working Capital	Get a 7-Day Free Trial															-7.83	-7.25	-7.18	-6.87	-6.83

Competitive Comparison of International Speedway's Net-Net Working Capital

For the Leisure subindustry, International Speedway'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.

International Speedway's Price-to-Net-Net-Working-Capital Distribution in the Travel & Leisure Industry

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

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

International Speedway Net-Net Working Capital Calculation

International Speedway's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Nov. 2018 is calculated as

International Speedway's Net-Net Working Capital (NNWC) per share for the quarter that ended in Aug. 2019 is calculated as

* 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.

International Speedway  (NAS:ISCA) 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.

International Speedway Net-Net Working Capital Related Terms

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

International Speedway (International Speedway) Business Description