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Victoria's Secret (Victoria's Secret) Net-Net Working Capital : $-42.39 (As of Jan. 2024)


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What is Victoria's Secret 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.

Victoria's Secret's Net-Net Working Capital for the quarter that ended in Jan. 2024 was $-42.39.

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

VSCO's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Cyclical industry.
Industry Median: 6.27
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Victoria's Secret Net-Net Working Capital Historical Data

The historical data trend for Victoria's Secret'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.

Victoria's Secret Net-Net Working Capital Chart

Victoria's Secret Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Net-Net Working Capital
Get a 7-Day Free Trial -34.59 -27.97 -35.31 -40.87 -42.39

Victoria's Secret Quarterly Data
Jan19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -40.87 -43.50 -45.32 -47.02 -42.39

Competitive Comparison of Victoria's Secret's Net-Net Working Capital

For the Apparel Retail subindustry, Victoria's Secret'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.


Victoria's Secret's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

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

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



Victoria's Secret Net-Net Working Capital Calculation

Victoria's Secret's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jan. 2024 is calculated as

Net-Net Working Capital(A: Jan. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(270+0.75 * 152+0.5 * 985-4162
-0-21)/78
=-42.39

Victoria's Secret's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jan. 2024 is calculated as

Net-Net Working Capital(Q: Jan. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(270+0.75 * 152+0.5 * 985-4162
-0-21)/78
=-42.39

* 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.


Victoria's Secret  (NYSE:VSCO) 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.


Victoria's Secret Net-Net Working Capital Related Terms

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Victoria's Secret (Victoria's Secret) Business Description

Traded in Other Exchanges
Address
4 Limited Parkway East, Reynoldsburg, OH, USA, 43068
Victoria's Secret & Co is a specialty retailer of lingerie, pajamas, and beauty products with prestige fragrances and body care. It serves customers at its Lingerie and Beauty stores around the globe and online enabling them to shop the brand anywhere and anytime.
Executives
Timothy A Johnson officer: Chief Financial Officer
Rod R Little director 1 HSN DRIVE, ST. PETERSBURG FL 33729
Bbrc International Pte Ltd 10 percent owner 3 PHILLIP STREET, #11-01, ROYAL GROUP BUILDING, SINGAPORE U0 048693
Chris Rupp officer: Chief Customer Officer ALBERTSONS COMPANIES, INC., 250 PARKCENTER BOULEVARD, BOISE ID 83706
Amy Hauk officer: CEO of Pink C/O THE CHILDRENS PLACE, 915 SECAUCUS RD, SECAUCUS NJ 07094
Mariam Naficy director C/O YELP INC., 140 NEW MONTGOMERY ST., 9TH FLOOR, SAN FRANCISCO CA 94105
Anne Sheehan director THREE LIMITED PARKWAY, COLUMBUS OH 43230
Martin P Waters director, officer: Chief Executive Officer 1740 BROADWAY, NEW YORK NY 10019
Laura B Miller officer: Chief Human Resources Ofcr 1501 YAMATO ROAD, BOCA RATON FL 33431
Brian Leinbach officer: Chief Information Officer 4 LIMITED PARKWAY EAST, REYNOLDSBURG OH 43068
Melinda R. Mcafee officer: Chief Legal Officer 4 LIMITED PARKWAY EAST, REYNOLDSBURG OH 43068
Donna James director ONE MIRANOVA PLACE, SUITE 1040, COLUMBUS OH 43215
Gregory Unis officer: CEO of VS Beauty 4 LIMITED PARKWAY, REYNOLDSBURG OH 43068
Lauren B Peters director FOOT LOCKER INC, 112 WEST 34TH STREET 4TH FL, NEW YORK NY 10120
Jacqueline Hernandez director LIMITED PARKWAY EAST, REYNOLDSBURG OH 43068