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Atlantic Union Bankshares (Atlantic Union Bankshares) Net-Net Working Capital : $-215.34 (As of Mar. 2024)


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What is Atlantic Union Bankshares 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.

Atlantic Union Bankshares's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-215.34.

The industry rank for Atlantic Union Bankshares's Net-Net Working Capital or its related term are showing as below:

AUB's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.92
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Atlantic Union Bankshares Net-Net Working Capital Historical Data

The historical data trend for Atlantic Union Bankshares'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.

Atlantic Union Bankshares Net-Net Working Capital Chart

Atlantic Union Bankshares 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 -158.83 -176.41 -172.79 -201.15 -213.46

Atlantic Union Bankshares 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 -200.56 -207.59 -211.60 -213.46 -215.34

Competitive Comparison of Atlantic Union Bankshares's Net-Net Working Capital

For the Banks - Regional subindustry, Atlantic Union Bankshares'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.


Atlantic Union Bankshares's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Atlantic Union Bankshares's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Atlantic Union Bankshares's Price-to-Net-Net-Working-Capital falls into.



Atlantic Union Bankshares Net-Net Working Capital Calculation

Atlantic Union Bankshares'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(364.355+2231.261+0.75 * 0+0.5 * 0-18609.87
-0.173-0)/75.0233
=-213.46

Atlantic Union Bankshares'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(394.236+2202.216+0.75 * 0+0.5 * 0-18829.192
-0.173-0)/75.3817
=-215.34

* 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.


Atlantic Union Bankshares  (NYSE:AUB) 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.


Atlantic Union Bankshares Net-Net Working Capital Related Terms

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


Atlantic Union Bankshares (Atlantic Union Bankshares) Business Description

Traded in Other Exchanges
Address
1051 East Cary Street, Suite 1200, Three James Center, Richmond, VA, USA, 23219
Atlantic Union Bankshares Corp is a financial holding company and a bank holding company. Through its community bank subsidiary, the company provides financial services, including banking, trust, and wealth management. The bank is a full-service community bank offering consumers and businesses a wide range of banking and related financial services, including checking, savings, certificates of deposit, and other depository services, as well as loans for a commercial, industrial, residential mortgage, and consumer purposes. The company has one reportable segment, which largely consists of the traditional full-service community banking business. Much of the company revenue streams from overdraft and service fees and comes from the United States.
Executives
Rachael R Lape officer: EVP & General Counsel C/OATLANTIC UNION BANKSHARES CORPORATION, 1051 EAST CARY ST, STE 1200, RICHMOND VA 23219
Woolley Douglas F. Jr. officer: EVP & CCO C/OATLANTIC UNION BANKSHARES CORPORATION, 1051 EAST CARY ST., STE 1200, RICHMOND VA 23219
Matthew L. Linderman officer: EVP & CIO C/O ATLANTIC UNION BANKSHARES CORPORATIO, 1051 EAST CART STREET, STE 1200, RICHMOND VA 23219
Frank Russell Ellett director C/O ATLANTIC UNION BANKSHARES CORPORATIO, 1051 EAST CARY STREET, STE 1200, RICHMOND VA 23219
Maria P Tedesco officer: EVP; President, Bank C/O UNION BANK & TRUST, 1051 E. CARY STREET, STE 1200, RICHMOND VA 23219
John C Asbury officer: President C/O UNION BANKSHARES CORPORATION, 1051 EAST CARY STREET, SUITE 1200, RICHMOND VA 23219
Robert Michael Gorman officer: EVP 1051 EAST CARY STREET, SUITE 1200, THREE JAMES CENTER, RICHMOND VA 23219
Sherry Williams officer: EVP & Chief Risk Officer 275 SEVENTH AVE., NEW YORK NY 10001
Heather Cox director 804 CARNEGIE CENTER, PRINCETON NJ 08540
Ronald L Tillett director 951 E, BYRD STREET, SUITE 930, RICHMOND VA 23219
Rilla S Delorier director 5415 EVERGREEN WAY, EVERETT WA 98203
Clare Miller officer: EVP & CHRO C/O ATLANTIC UNION BANKSHARES CORPORATIO, 1051 EAST CARY STREET, RICHMOND VA 23219
Frederick Blair Wimbush director C/O UNION BANK & TRUST, 1051 E. CARY STREET, STE 1200, RICHMOND VA 23219
Susan E Pfautz officer: SVP & Interim Chief HR Officer ATLANTIC UNION BANKSHARES, 1051 EAST CARY ST, STE 1200, RICHMOND VA 23219
Loreen A. Lagatta officer: EVP C/O UNION BANKSHARES CORPORATION, 1051 EAST CARY STREET, STE 1200, RICHMOND VA 23219