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DWS Strategic Municipalome Trust (DWS Strategic Municipalome Trust) Net-Net Working Capital

: $-5.61 (As of Nov. 2023)
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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.

DWS Strategic Municipalome Trust's Net-Net Working Capital for the quarter that ended in Nov. 2023 was $-5.61.

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

KSM's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.44
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

DWS Strategic Municipalome Trust Net-Net Working Capital Historical Data

The historical data trend for DWS Strategic Municipalome 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.

DWS Strategic Municipalome Trust Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Net-Net Working Capital
Get a 7-Day Free Trial -8.64 -7.61 -7.70 -6.91 -5.61

DWS Strategic Municipalome Trust Semi-Annual Data
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 -7.70 -7.70 -6.91 -6.77 -5.61

Competitive Comparison

For the Asset Management subindustry, DWS Strategic Municipalome 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.


DWS Strategic Municipalome Trust Price-to-Net-Net-Working-Capital Distribution

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

* The bar in red indicates where DWS Strategic Municipalome Trust's Price-to-Net-Net-Working-Capital falls into.



DWS Strategic Municipalome Trust Net-Net Working Capital Calculation

DWS Strategic Municipalome 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)
=(0+0+0.75 * 0+0.5 * 0-61.943
-0-0)/11.0479
=-5.61

DWS Strategic Municipalome 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)
=(0+0+0.75 * 0+0.5 * 0-61.943
-0-0)/11.0479
=-5.61

* 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.


DWS Strategic Municipalome Trust  (NYSE:KSM) 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.


DWS Strategic Municipalome Trust Net-Net Working Capital Related Terms

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DWS Strategic Municipalome Trust (DWS Strategic Municipalome Trust) Business Description

Traded in Other Exchanges
N/A
Address
875 Third Avenue, New York, NY, USA, 10022-6225
DWS Strategic Municipal Income Trust is a closed-end, diversified management investment company. The fund's investment objective is to provide a high level of current income exempt from federal income tax. It seeks to achieve its investment objective by investing in a portfolio of tax-exempt municipal securities. Its products include ETFs, Mutual Funds, Closed-End-Funds, Money Market Funds, and others.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mary S Daugherty director C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
George Catrambone other: Director of Investment Adviser C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Richard J Herring director 345 PARK AVENUE, NEW YORK NY 10154
Chad Perry director C/O TANGER FACTORY OUTLET CENTERS, INC., 3200 NORTHLINE AVENUE, SUITE 360, GREENSBORO NC 27408
Catherine Schrand director C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Christian Rijs officer: AML Compliance Officer C/O DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Peter Aloisi other: Portfolio Manager C/O ANJIE LAROCCA, 345 PARK AVENUE, NEW YORK NY 10154
Helen Delman other: Section 16 Officer C/O DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Jpmorgan Chase Bank, N.a. 10 percent owner 1111 POLARIS PARKWAY, COLUMBUS OH 43240
John W Ballantine director C/O OAK BROOK BANK, 1400 SIXTEENTH ST, OAK BROOK IL 60523
Keith R Fox director 85 MERRIMAC STREET, BOSTON MA 02114
Ciara L. Crawford officer: Assistant Secretary C/O ANJIE LAROCCA, DWS, 345 PARK AVENUE, NEW YORK NY 11752
Chad Farrington other: Portfolio Manager C/O ANJIE LAROCCA, DWS, 345 PARK AVENUE, NEW YORK NY 10154