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RBB Bancorp (RBB Bancorp) Net-Net Working Capital : $-148.51 (As of Mar. 2024)


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What is RBB 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.

RBB Bancorp's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-148.51.

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

RBB's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.615
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

RBB Bancorp Net-Net Working Capital Historical Data

The historical data trend for RBB 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.

RBB Bancorp Net-Net Working Capital Chart

RBB 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 -105.50 -129.94 -146.94 -161.12 -148.52

RBB Bancorp 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 -160.75 -152.67 -151.68 -148.52 -148.51

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

For the Banks - Regional subindustry, RBB 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.


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

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

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



RBB Bancorp Net-Net Working Capital Calculation

RBB 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)
=(431.973+318.961+0.75 * 0+0.5 * 0-3514.765
-0-0.072)/18.6092
=-148.52

RBB Bancorp'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)
=(269.843+335.194+0.75 * 0+0.5 * 0-3364.02
-0-0.072)/18.5781
=-148.51

* 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.


RBB Bancorp  (NAS:RBB) 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.


RBB Bancorp Net-Net Working Capital Related Terms

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RBB Bancorp (RBB Bancorp) Business Description

Traded in Other Exchanges
Address
1055 Wilshire Boulevard, 12th Floor, Los Angeles, CA, USA, 90017
RBB Bancorp operates as a bank holding company. It provides various banking products and services such as checking, savings, money market accounts, and certificates of deposits. Its Specific services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, Small Business Administration (SBA) 7A and 504 loans, mortgage loans, trade finance, and a full range of depository accounts. It generates its revenue from interest received on loans and leases and, to a lesser extent, from interest received on investment securities and derives income from noninterest sources, such as fees received in connection with various lending and deposit services, loan servicing, gain on sales of loans, and wealth management services.
Executives
Lee Joyce Wong director 1055 WILSHIRE BLVD, SUITE 1200, LOS ANGELES CA 90017
James Kao director 1055 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90017
Robert Franko director C/O ROYAL BUSINESS BANK, 1055 WILSHIRE BLVD, LOS ANGELES CA 90017
Scott Polakoff director 1055 WILSHIRE BLVD., SUITE 1200, LOS ANGELES CA 90017
Johnny C Lee officer: Pres / Chief Banking Officer
Frank Wong director 1055 WILSHIRE BIVD, SUITE 1200, LOS ANGELES CA 90017
Bill Bennett director 1055 WILSHIRE BLVD, SUITE 1200, LOS ANGELES CA 90017
Alex Ko officer: EVP/Chief Financial Officer 3200 WILSHIRE BOULEVARD, 14TH FLOOR, LOS ANGELES CA 30010
Gary Fan officer: EVP/Chief Admin Officer 1055 WILSHIRE BLVD, SUITE 1200, LOS ANGELES CA 90017
Vincent Liu officer: EVP 1055 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90017
Simon Pang officer: EVP 1055 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90017
Yee Phong Thian officer: President/CEO 1055 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90017
Geraldine Pannu director 7380 COCA COLA DRIVE, SUITE 106, HANOVER MD 21076
Feng Lin director 1055 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90017
Paul Lin director 1055 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90017