Cross Timbers Royalty Trust (Cross Timbers Royalty Trust) Net-Net Working Capital

: $0.00 (As of Dec. 2023)

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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.

Cross Timbers Royalty Trust's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $0.00.

The industry rank for Cross Timbers Royalty Trust's Net-Net Working Capital or its related term are showing as below:

CRT's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Oil & Gas industry.
Industry Median: 5.02
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Cross Timbers Royalty Trust Net-Net Working Capital Historical Data

The historical data trend for Cross Timbers Royalty Trust'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.

Cross Timbers Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net-Net Working Capital

Cross Timbers Royalty Trust 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																-	-	-	-	-

Competitive Comparison

For the Oil & Gas E&P subindustry, Cross Timbers Royalty Trust'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.

Cross Timbers Royalty Trust Price-to-Net-Net-Working-Capital Distribution

For the Oil & Gas industry and Energy sector, Cross Timbers Royalty Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Cross Timbers Royalty Trust's Price-to-Net-Net-Working-Capital falls into.

Cross Timbers Royalty Trust Net-Net Working Capital Calculation

Cross Timbers Royalty Trust'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 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.852	+	0.75 * 0	+	0.5 * 0	-	1.857
-	0	-	0)	/	6
=	-0.00

Cross Timbers Royalty Trust'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 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.852	+	0.75 * 0	+	0.5 * 0	-	1.857
-	0	-	0)	/	6
=	-0.00

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.

Cross Timbers Royalty Trust (NYSE:CRT) 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.

Cross Timbers Royalty Trust Net-Net Working Capital Related Terms

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Cross Timbers Royalty Trust (Cross Timbers Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cross Timbers Royalty Trust (NYSE:CRT) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Corporate Argent Trust Company, 2911 Turtle Creek Boulevard, Suite 850, Dallas, TX, USA, 75219

Website

http://www.crt-crosstimbers.com

Cross Timbers Royalty Trust is a United States based trust. Its principal asset is the net profits interests. The net profits interests are derived from producing royalty, overriding royalty interests, and working interests properties. The underlying properties of the trust include producing properties in Texas, Oklahoma, and New Mexico.

Executives

Gary D. Simpson	officer: Sr VP Investor Rel & Finance, other: Advisory Dir - XTO Energy Inc.	810 HOUSTON STREET, FORT WORTH TX 76102
Timothy L Petrus	other: Exec VP - XTO Energy Inc.	810 HOUSTON STREET, FORT WORTH TX 76102
Phillip R Kevil	other: Director-XTO Energy Inc.	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Vennerberg Vaughn O Ii	other: Exec. VP - Admin., XTO Energy
Bob R Simpson	other: Dir/CEO/Chair, XTO Energy	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Bennie G Kniffen	other: Sr. VP-Controller, XTO Energy
Steffen E Palko	Dir, Pres. and Vice Chairman, other: Dir/Pres/Vice Chair-XTO Energy
Louis G Baldwin	other: Executive VP-CFO, XTO Energy
Keith A Hutton	other: Exec. VP-Operation, XTO Energy	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Lane G Collins	other: Director, XTO Energy
Jack P Randall	other: Director, XTO Energy Inc.
Adams William H Iii	other: Director, XTO Energy Inc.	C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Scott G Sherman	other: Director XTO Energy Inc.
Herbert D Simons	other: Director, XTO Energy Inc.