Aberdeen Total Dynamic Dividend Fund (Aberdeen Total Dynamic Dividend Fund) Net-Net Working Capital : $-0.48 (As of Oct. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Aberdeen Total Dynamic Dividend Fund 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.

Aberdeen Total Dynamic Dividend Fund's Net-Net Working Capital for the quarter that ended in Oct. 2023 was $-0.48.

The industry rank for Aberdeen Total Dynamic Dividend Fund's Net-Net Working Capital or its related term are showing as below:

AOD's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Asset Management industry.
Industry Median: 6.45
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Aberdeen Total Dynamic Dividend Fund Net-Net Working Capital Historical Data

The historical data trend for Aberdeen Total Dynamic Dividend Fund'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.

Aberdeen Total Dynamic Dividend Fund Net-Net Working Capital Chart

Aberdeen Total Dynamic Dividend Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Net-Net Working Capital

Get a 7-Day Free Trial

-0.01

-0.15

-0.08

-0.19

-0.48

Aberdeen Total Dynamic Dividend Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Net-Net Working Capital	Get a 7-Day Free Trial								-0.08	-0.61	-0.19	-0.68	-0.48

Competitive Comparison of Aberdeen Total Dynamic Dividend Fund's Net-Net Working Capital

For the Asset Management subindustry, Aberdeen Total Dynamic Dividend 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.

Aberdeen Total Dynamic Dividend Fund's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

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

Aberdeen Total Dynamic Dividend Fund Net-Net Working Capital Calculation

Aberdeen Total Dynamic Dividend Fund's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Oct. 2023 is calculated as

	Net-Net Working Capital		(A: Oct. 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)
=	(0.747	+	0	+	0.75 * 0	+	0.5 * 0	-	51.06
-	0	-	0)	/	105.431
=	-0.48

Aberdeen Total Dynamic Dividend Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2023 is calculated as

	Net-Net Working Capital		(Q: Oct. 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)
=	(0.747	+	0	+	0.75 * 0	+	0.5 * 0	-	51.06
-	0	-	0)	/	105.431
=	-0.48

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.

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) 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.

Aberdeen Total Dynamic Dividend Fund Net-Net Working Capital Related Terms

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

Aberdeen Total Dynamic Dividend Fund (Aberdeen Total Dynamic Dividend Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 Market Street, Suite 200, Philadelphia, PA, USA, 19103

Website

https://www.aberdeenaod.com

Aberdeen Total Dynamic Dividend Fund is a diversified, closed-end management investment company. Its investment objective is to seek high current dividend income. The company also focuses on the long-term growth of capital as a secondary investment objective. It predominantly invests in foreign securities, including direct investments in securities of foreign issuers and investments in depositary receipts that represent indirect interests in securities of foreign issuers. Its portfolio consists of securities from Information Technology, Financial, Healthcare, Industrials among other sectors.

Executives

Peter Branner	other: Other - Director of Adviser	C/O ABRDN, 1900 MARKET STREET, PHILADELPHIA PA 19103
Todd Reit	director	C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Xavier Meyer	other: Director of Adviser	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Katie Lynn Gebauer	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Katherine A. Corey	officer: Vice President	1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Grant Thomas Hotson	other: Director of Adviser	1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Heather Hasson	officer: Vice President	C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Brian Kordeck	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Michael Marsico	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Robert W. Hepp	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Andrew Wonil Kim	officer: Vice President	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Neil Andrew Slater	other: Director of Adviser	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Stephen Bird	director	388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10022
Michael Mark Redman	other: Director of Adviser	C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Archie Struthers	other: Director of Adviser	C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103