Virtus Total Return Fund (Virtus Total Return Fund) Net-Net Working Capital : $-2.74 (As of Nov. 2023)

Virtus Total Return Fund Net-Net Working Capital Chart

Virtus Total Return Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Net-Net Working Capital	Get a 7-Day Free Trial								-3.46	-3.52	-3.06	-3.04	-2.74

Competitive Comparison of Virtus Total Return Fund's Net-Net Working Capital

For the Asset Management subindustry, Virtus Total Return Fund'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.

Virtus Total Return Fund's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Total Return Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Virtus Total Return Fund's Price-to-Net-Net-Working-Capital falls into.

Virtus Total Return Fund Net-Net Working Capital Calculation

Virtus Total Return Fund's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Nov. 2023 is calculated as

Virtus Total Return Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Nov. 2023 is calculated as

* 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.

Virtus Total Return Fund  (NYSE:ZTR) 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.

Virtus Total Return Fund Net-Net Working Capital Related Terms

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Virtus Total Return Fund (Virtus Total Return Fund) Business Description