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Guggenheim Enhanced Equityome Fund (Guggenheim Enhanced Equityome Fund) Net-Net Working Capital : $-4.15 (As of Jun. 2021)


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What is Guggenheim Enhanced Equityome 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.

Guggenheim Enhanced Equityome Fund's Net-Net Working Capital for the quarter that ended in Jun. 2021 was $-4.15.

The industry rank for Guggenheim Enhanced Equityome Fund's Net-Net Working Capital or its related term are showing as below:

GPM's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.335
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Guggenheim Enhanced Equityome Fund Net-Net Working Capital Historical Data

The historical data trend for Guggenheim Enhanced Equityome 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.

Guggenheim Enhanced Equityome Fund Net-Net Working Capital Chart

Guggenheim Enhanced Equityome Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20
Net-Net Working Capital
-4.20 -3.40 -3.77 -3.48

Guggenheim Enhanced Equityome Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Net-Net Working Capital Get a 7-Day Free Trial -3.73 -3.77 -2.85 -3.48 -4.15

Competitive Comparison of Guggenheim Enhanced Equityome Fund's Net-Net Working Capital

For the Asset Management subindustry, Guggenheim Enhanced Equityome 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.

Guggenheim Enhanced Equityome Fund's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where Guggenheim Enhanced Equityome Fund's Price-to-Net-Net-Working-Capital falls into.


Guggenheim Enhanced Equityome Fund Net-Net Working Capital Calculation

Guggenheim Enhanced Equityome Fund's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2020 is calculated as

Net-Net Working Capital(A: Dec. 2020 )
=(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)
=(0.119+0+0.75 * 0+0.5 * 0-168.139
-0-0)/48.3426
=-3.48

Guggenheim Enhanced Equityome Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2021 is calculated as

Net-Net Working Capital(Q: Jun. 2021 )
=(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)
=(0.036+0+0.75 * 0+0.5 * 0-200.643
-0-0)/48.3426
=-4.15

* 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.

Guggenheim Enhanced Equityome Fund  (NYSE:GPM) 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.

Guggenheim Enhanced Equityome Fund Net-Net Working Capital Related Terms

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Guggenheim Enhanced Equityome Fund (Guggenheim Enhanced Equityome Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Guggenheim Enhanced Equity Income Fund (NYSE:GPM) » Definitions » Net-Net Working Capital
Comparable Companies
STK GIM IFN BRDG GAIN MVF TPVG ETB BLW HPI BLK TSX:BAM.A BX OSTO:INVE A KKR BK APO AMP TROW XSWX:PGHN
Traded in Other Exchanges
N/A
Address
227 West Monroe Street, Chicago, IL, USA, 60606
Website
https://www.guggenheiminvestments.com
Guggenheim Enhanced Equity Income Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to seek a high level of current income and gains with a secondary objective of long-term capital appreciation. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities.
Executives
Hollowell Iii Orenzo Perry other: Portfolio Manager 330 MADISON AVENUE, NEW YORK NY 10017
Toupin Ronald E Jr director, other: Trustee 117 ASHLAND AVENUE, RIVER FOREST IL 60305
Lydon Thomas F Jr director, other: Trustee
Angela Brock-kyle director, other: Trustee 3700 COLONNADE PARKWAY, BIRMINGHAM AL 35243
Sandra G Sponem director, other: Trustee 800 NICOLLET MALL, J1012057, MINNEAPOLIS MN 55402-7020
William Rehder officer: Assistant Vice President 227 W MONROE STREET, CHICAGO IL 60606
Maynard F. Oliverius director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60532
Jon Szafran officer: Assistant Treasurer 227 W. MONROE STREET, CHICAGO IL 60606
Brian E. Binder officer: President and CEO C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 11752
Randall C Barnes director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60187
Scott A Hammond other: Portfolio Manager 227 W. MONROE STREET CHICAGO IL 60606
Keith David Kemp officer: Assistant Treasurer MACQUARIE FUND ADVISER LLC, 125 WEST 55TH STREET, NEW YORK NY 10019
Glenn Mcwhinnie officer: Assistant Treasurer 227 W. MONROE STREET, CHICAGO IL 60606
Qi Yan other: Portfolio Manager 100 WILSHIRE BOULEVARD SANTA MONICA CA 90401
Adam J Nelson officer: Assistant Treasurer 227 WEST MONROE STREET, CHICAGO IL 60606