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BlackRock Throgmorton Trust (LSE:THRG) Net-Net Working Capital : £0.15 (As of Nov. 2023)


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What is BlackRock Throgmorton Trust 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.

BlackRock Throgmorton Trust's Net-Net Working Capital for the quarter that ended in Nov. 2023 was £0.15.

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

LSE:THRG's Price-to-Net-Net-Working-Capital is ranked worse than
84.31% of 510 companies
in the Asset Management industry
Industry Median: 6.415 vs LSE:THRG: 42.47

BlackRock Throgmorton Trust Net-Net Working Capital Historical Data

The historical data trend for BlackRock Throgmorton 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.

BlackRock Throgmorton Trust Net-Net Working Capital Chart

BlackRock Throgmorton Trust Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 -0.06 0.03 0.48 0.15

BlackRock Throgmorton Trust Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 0.03 0.47 0.48 0.04 0.15

Competitive Comparison of BlackRock Throgmorton Trust's Net-Net Working Capital

For the Asset Management subindustry, BlackRock Throgmorton 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.


BlackRock Throgmorton Trust's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where BlackRock Throgmorton Trust's Price-to-Net-Net-Working-Capital falls into.



BlackRock Throgmorton Trust Net-Net Working Capital Calculation

BlackRock Throgmorton Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Nov. 2023 is calculated as

Net-Net Working Capital(A: Nov. 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)
=(24.328+0+0.75 * 0+0.5 * 0-10.12
-0-0)/95.8722
=0.15

BlackRock Throgmorton Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Nov. 2023 is calculated as

Net-Net Working Capital(Q: Nov. 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)
=(24.328+0+0.75 * 0+0.5 * 0-10.12
-0-0)/95.8722
=0.15

* 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.


BlackRock Throgmorton Trust  (LSE:THRG) 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.


BlackRock Throgmorton Trust Net-Net Working Capital Related Terms

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BlackRock Throgmorton Trust (LSE:THRG) Business Description

Traded in Other Exchanges
Address
12 Throgmorton Avenue, London, GBR, EC2N 2DL
BlackRock Throgmorton Trust PLC is an investment trust engaged in the business of portfolio investment. Its products are unit trusts, exchange-traded funds, investment trusts, and charities. The company follows a business model of externally managed investment trust. The company performs through the traditional long-only portfolio and long and short portfolio comprising contracts for difference.

BlackRock Throgmorton Trust (LSE:THRG) Headlines

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