BrandywineGLOBAL - Globalome Opportunities Fund (BrandywineGLOBAL - Globalome Opportunities Fund) Net-Net Working Capital : $-6.88 (As of Oct. 2023)

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What is BrandywineGLOBAL - Globalome Opportunities 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.

BrandywineGLOBAL - Globalome Opportunities Fund's Net-Net Working Capital for the quarter that ended in Oct. 2023 was $-6.88.

The industry rank for BrandywineGLOBAL - Globalome Opportunities Fund's Net-Net Working Capital or its related term are showing as below:

BWG'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.

BrandywineGLOBAL - Globalome Opportunities Fund Net-Net Working Capital Historical Data

The historical data trend for BrandywineGLOBAL - Globalome Opportunities 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.

BrandywineGLOBAL - Globalome Opportunities Fund Net-Net Working Capital Chart

BrandywineGLOBAL - Globalome Opportunities Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Net-Net Working Capital

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-7.45

-7.63

-7.51

-6.97

-6.88

BrandywineGLOBAL - Globalome Opportunities 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								-7.51	-7.59	-6.97	-7.11	-6.88

Competitive Comparison of BrandywineGLOBAL - Globalome Opportunities Fund's Net-Net Working Capital

For the Asset Management subindustry, BrandywineGLOBAL - Globalome Opportunities 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.

BrandywineGLOBAL - Globalome Opportunities Fund's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where BrandywineGLOBAL - Globalome Opportunities Fund's Price-to-Net-Net-Working-Capital falls into.

BrandywineGLOBAL - Globalome Opportunities Fund Net-Net Working Capital Calculation

BrandywineGLOBAL - Globalome Opportunities 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)
=	(0.38	+	0	+	0.75 * 0	+	0.5 * 0	-	115.931
-	0	-	0)	/	16.7918
=	-6.88

BrandywineGLOBAL - Globalome Opportunities 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)
=	(0.38	+	0	+	0.75 * 0	+	0.5 * 0	-	115.931
-	0	-	0)	/	16.7918
=	-6.88

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.

BrandywineGLOBAL - Globalome Opportunities Fund (NYSE:BWG) 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.

BrandywineGLOBAL - Globalome Opportunities Fund Net-Net Working Capital Related Terms

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BrandywineGLOBAL - Globalome Opportunities Fund (BrandywineGLOBAL - Globalome Opportunities Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BrandywineGLOBAL - Global Income Opportunities Fund Inc (NYSE:BWG) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018

Website

https://www.franklintempleton.com

BrandywineGLOBAL - Global Income Opportunities Fund Inc is a non-diversified, closed-end management investment company. The primary investment objective is to provide current income. The secondary investment objective is capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its assets in global fixed-income securities.

Executives

Oliveira Marc De	officer: Secretary/Chief Legal Officer	C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Daniel P Cronin	director	235 EAST 42ND ST, NEW YORK NY 10017
Laura F Fergerson	other: Manager/Investment Manager	3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
Brian Eakes	other: Manager/Investment Manager	100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Jed A. Plafker	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Matthew Nicholls	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
George P. Hoyt	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Fred Steven Jensen	officer: Chief Compliance Officer	LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Gregg Gorman	other: Director of Sub-Adviser	100 INTERNATIONAL DRIVE, 8TH FLOOR, BALTIMORE MD 21202
Minnesota Life Insurance Co /bd	10 percent owner	400 N ROBERT ST, ST PAUL MN 55101
Thrivent Financial For Lutherans	10 percent owner	901 MARQUETTE AVENUE, SUITE 2500, MINNEAPOLIS MN 55402-3211
Phillip J. Gass	other: SEE FOOTNOTE (4)	C/O NASSAU ASSET MANAGEMENT LLC, 1 AMERICAN ROW, HARTFORD CT 06102
Nassau Asset Management Llc	10 percent owner, other: SEE FOOTNOTE (3)	1 AMERICAN ROW, HARTFORD CT 06102
Christopher Berarducci	officer: Treas/Principal Finan Officer	LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Nisha Kumar	director	1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103