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Sears Holdings (Sears Holdings) Net-Net Working Capital : $0.00 (As of Oct. 2018)


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What is Sears Holdings 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.

Sears Holdings's Net-Net Working Capital for the quarter that ended in Oct. 2018 was $0.00.

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

SHLDW's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Cyclical industry.
Industry Median: 6.03
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sears Holdings Net-Net Working Capital Historical Data

The historical data trend for Sears Holdings'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.

Sears Holdings Net-Net Working Capital Chart

Sears Holdings Annual Data
Trend Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18
Net-Net Working Capital
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Sears Holdings Quarterly Data
Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Oct19
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Competitive Comparison of Sears Holdings's Net-Net Working Capital

For the Department Stores subindustry, Sears Holdings'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.


Sears Holdings's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sears Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Sears Holdings Net-Net Working Capital Calculation

Sears Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jan. 2018 is calculated as

Net-Net Working Capital(A: Jan. 2018 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(113+0.75 * 343+0.5 * 2798-10985
-0-0)/0
=N/A

Sears Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2018 is calculated as

Net-Net Working Capital(Q: Oct. 2018 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(436+0.75 * 354+0.5 * 2324-11988
-0-0)/0
=N/A

* 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.


Sears Holdings  (NAS:SHLDW) 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.


Sears Holdings Net-Net Working Capital Related Terms

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Sears Holdings (Sears Holdings) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
3333 Beverly Road, Hoffman Estates, IL, USA, 60179
Sears Holdings Corporation is an America-based retailer that integrates the digital and physical shopping experiences for consumers. The company operates through retail store brands Sears and Kmart. Sears provides a broad range of home merchandise, apparel, automotive products and home services through both online and offline channels across the United States, and it owns proprietary brands, including Kenmore, Craftsman, and DieHard. Kmart is a mass merchandising firm, offering quality products to customers through exclusive brands. The majority of the company's revenue comes from the domestic market.