GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BrightSphere Investment Group Inc (NYSE:BSIG) » Definitions » Net-Net Working Capital

BrightSphere Investment Group (BrightSphere Investment Group) Net-Net Working Capital : $-7.66 (As of Dec. 2023)


View and export this data going back to 2014. Start your Free Trial

What is BrightSphere Investment Group 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.

BrightSphere Investment Group's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-7.66.

The industry rank for BrightSphere Investment Group's Net-Net Working Capital or its related term are showing as below:

BSIG's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.67
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

BrightSphere Investment Group Net-Net Working Capital Historical Data

The historical data trend for BrightSphere Investment Group'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.

BrightSphere Investment Group Net-Net Working Capital Chart

BrightSphere Investment Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.16 -7.94 -7.82 -8.21 -7.66

BrightSphere Investment Group 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 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 -8.21 -7.85 -8.35 -7.45 -7.66

Competitive Comparison of BrightSphere Investment Group's Net-Net Working Capital

For the Asset Management subindustry, BrightSphere Investment Group'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.


BrightSphere Investment Group's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where BrightSphere Investment Group's Price-to-Net-Net-Working-Capital falls into.



BrightSphere Investment Group Net-Net Working Capital Calculation

BrightSphere Investment Group'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)
=(146.8+0.75 * 143.4+0.5 * 0-561.9
-0-9.3)/41.3723
=-7.66

BrightSphere Investment Group'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)
=(146.8+0.75 * 143.4+0.5 * 0-561.9
-0-9.3)/41.3723
=-7.66

* 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.


BrightSphere Investment Group  (NYSE:BSIG) 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.


BrightSphere Investment Group Net-Net Working Capital Related Terms

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


BrightSphere Investment Group (BrightSphere Investment Group) Business Description

Traded in Other Exchanges
Address
200 State Street, 13th Floor, Boston, MA, USA, 02109
BrightSphere Investment Group Inc is a diversified, multi-boutique asset management company. The company's diverse affiliates offer alpha-generating investment products to investors around the world. Its reportable segment includes Quant and Solutions, which comprises of versatile, tailored strategies that leverage data and technology in a computational, factor-based investment process across a range of asset classes in developed and emerging markets, including non-U.S. and small-cap equities, as well as managed volatility, ESG, multi-asset, equity alternatives, and long/short strategies.. Its affiliates offer products in the U.S, international and emerging markets equities; U.S. fixed income; and alternative investments, including timber and secondary Funds.
Executives
Richard Jonathan Hart officer: Chief Legal Officer 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Christina Wiater officer: Principal Accounting Officer 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Suren Rana director, officer: President and CEO 245 PARK AVENUE, 40TH FLOOR, NEW YORK NY 10167
Paulson & Co. Inc. 10 percent owner 1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036
John Paulson director, 10 percent owner 1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036
Daniel K. Mahoney officer: Head of Finance/PAO C/O OLD MUTUAL ASSET MANAGEMENT, 200 CLARENDON STREET, BOSTON MA 02116
Guang Yang director, officer: President and CEO 850 THIRD AVENUE, 16TH FLOOR, NEW YORK NY 10022
Robert J Chersi director C/O OMAM INC, 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Maliz E Beams director C/O PORT FINANCIAL CORP, 1380 SOLDIERS FIELD RD, BRIGHTON MA 02135
Barbara Trebbi director C/O OMAM INC., 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Reginald Love director C/O BRIGHTSPHERE INC., 200 CLARENDON STREET, BOSTON MA 02116
Andrew D Kim director 1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036