GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PCB Bancorp (NAS:PCB) » Definitions » Net-Net Working Capital

PCB Bancorp (PCB Bancorp) Net-Net Working Capital : $-148.45 (As of Dec. 2023)


View and export this data going back to 2018. Start your Free Trial

What is PCB Bancorp 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.

PCB Bancorp's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-148.45.

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

PCB's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.35
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

PCB Bancorp Net-Net Working Capital Historical Data

The historical data trend for PCB Bancorp'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.

PCB Bancorp Net-Net Working Capital Chart

PCB Bancorp 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 -80.97 -88.88 -105.14 -127.12 -148.45

PCB Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -127.12 -132.30 -133.96 -137.09 -148.45

Competitive Comparison of PCB Bancorp's Net-Net Working Capital

For the Banks - Regional subindustry, PCB Bancorp'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.


PCB Bancorp's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

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

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



PCB Bancorp Net-Net Working Capital Calculation

PCB Bancorp'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)
=(242.342+143.323+0.75 * 9.468+0.5 * 0-2440.634
-69.141-0)/14.2604
=-148.45

PCB Bancorp's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: 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)
=(242.342+143.323+0.75 * 9.468+0.5 * 0-2440.634
-69.141-0)/14.2604
=-148.45

* 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.


PCB Bancorp  (NAS:PCB) 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.


PCB Bancorp Net-Net Working Capital Related Terms

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


PCB Bancorp (PCB Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
3701 Wilshire Boulevard, Suite 900, Los Angeles, CA, USA, 90010
PCB Bancorp is a bank holding company, which engages in the provision of consumer and commercial banking services. The bank provides personal and business checking accounts and savings accounts services. It offers a broad range of loan, deposit, and other products and services. Also, it provides a broad range of loans along with deposit products focused on individuals, professionals, and small-to-medium sized businesses. The bank's E-banking services comprise online banking, mobile banking, and cash management.
Executives
Sang Young Lee director 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010
Mimi Lee officer: See Remarks 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010
Haeyoung Cho director 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010
Sarah Jun other: Director of Subsidiary 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010
Justin Chon officer: See Remarks 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010
David W. Kim officer: EVP & CHIEF BANKING OFFICER 3701 WILSHIRE BOULEVARD., SUITE 900, LOS ANGELES CA 90010
Janice Chung director 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010
Daniel Cho other: Director of Subsidiary 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010
Michael A. Kwon officer: SVP & CHIEF TECHNOLOGY OFFICER 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010
Henry Kim director, officer: President, CEO and Director 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010
Don Rhee director 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010
John Ju officer: See Remarks 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010
Suk Won Youn director 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010
Kwang Jin Chung director 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010
Hong Kyun Park director 3701 WILSHIRE BOULEVARD, SUITE 900, LOS ANGELES CA 90010

PCB Bancorp (PCB Bancorp) Headlines

From GuruFocus

PCB Bancorp Declares Quarterly Cash Dividend of $0.12 Per Common Share

By Business Wire Business Wire 10-28-2021

PCB Bancorp Declares $0.10 Quarterly Cash Dividend

By Business Wire Business Wire 07-25-2020

PCB Bancorp Declares Quarterly Cash Dividend of $0.15 Per Common Share

By Business Wire Business Wire 10-27-2022

PCB Bancorp Declares $0.10 Quarterly Cash Dividend

By Business Wire Business Wire 05-01-2020

PCB Bancorp Declares $0.10 Quarterly Cash Dividend

By Business Wire Business Wire 10-24-2020

PCB Bancorp Announces Amendment to Stock Repurchase Plan

By Business Wire Business Wire 01-26-2023

PCB Bancorp Announces Stock Repurchase Program

By Business Wire 08-03-2023

PCB Bancorp Announces New Board Member

By Business Wire Business Wire 10-28-2021

PCB Bancorp Declares Quarterly Cash Dividend of $0.15 Per Common Share

By Business Wire Business Wire 01-26-2023