GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » DCG IRIS Ltd (LSE:IRIS) » Definitions » Net-Net Working Capital

DCG IRIS (LSE:IRIS) Net-Net Working Capital : £0.00 (As of May. 2014)


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

What is DCG IRIS 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.

DCG IRIS's Net-Net Working Capital for the quarter that ended in May. 2014 was £0.00.

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

LSE:IRIS's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.33
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

DCG IRIS Net-Net Working Capital Historical Data

The historical data trend for DCG IRIS'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.

DCG IRIS Net-Net Working Capital Chart

DCG IRIS Annual Data
Trend May13 May14
Net-Net Working Capital
- -

DCG IRIS Semi-Annual Data
Nov13 May14
Net-Net Working Capital - -

Competitive Comparison of DCG IRIS's Net-Net Working Capital

For the Asset Management subindustry, DCG IRIS'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.


DCG IRIS's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

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



DCG IRIS Net-Net Working Capital Calculation

DCG IRIS's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in May. 2014 is calculated as

Net-Net Working Capital(A: May. 2014 )
=(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+0+0.75 * 0+0.5 * 0-0.062000000000012
-0-0)/65.592
=-0.00

DCG IRIS's Net-Net Working Capital (NNWC) per share for the quarter that ended in May. 2014 is calculated as

Net-Net Working Capital(Q: May. 2014 )
=(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+0+0.75 * 0+0.5 * 0-0.062000000000012
-0-0)/69.108
=-0.00

* 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.


DCG IRIS  (LSE:IRIS) 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.


DCG IRIS Net-Net Working Capital Related Terms

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


DCG IRIS (LSE:IRIS) Business Description

Traded in Other Exchanges
N/A
Address
DCG IRIS Ltd is a Guernsey registered non-cellular company with an indefinite life. It is a feeder fund and principally invests its assets in CS IRIS Low Volatility Plus Fund Ltd. Its objective is to providing its shareholders, through its investment in the Master Fund, with positive returns through investing in insurance-linked contracts and assets carrying exposure related to insured event risks known as insurance linked strategies.

DCG IRIS (LSE:IRIS) Headlines

No Headlines