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COHEN & STEERS TAX-ADV PRD SEC AND (COHEN & STEERS TAX-ADV PRD SEC AND) Net-Net Working Capital : $-10.99 (As of Oct. 2023)


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What is COHEN & STEERS TAX-ADV PRD SEC AND 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.

COHEN & STEERS TAX-ADV PRD SEC AND's Net-Net Working Capital for the quarter that ended in Oct. 2023 was $-10.99.

The industry rank for COHEN & STEERS TAX-ADV PRD SEC AND's Net-Net Working Capital or its related term are showing as below:

PTA'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.

COHEN & STEERS TAX-ADV PRD SEC AND Net-Net Working Capital Historical Data

The historical data trend for COHEN & STEERS TAX-ADV PRD SEC AND'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.

COHEN & STEERS TAX-ADV PRD SEC AND Net-Net Working Capital Chart

COHEN & STEERS TAX-ADV PRD SEC AND Annual Data
Trend Oct20 Oct21 Oct22 Oct23
Net-Net Working Capital
-5.94 -12.59 -12.66 -10.99

COHEN & STEERS TAX-ADV PRD SEC AND Semi-Annual Data
Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Net-Net Working Capital Get a 7-Day Free Trial -12.59 -12.57 -12.66 -10.98 -10.99

Competitive Comparison of COHEN & STEERS TAX-ADV PRD SEC AND's Net-Net Working Capital

For the Asset Management subindustry, COHEN & STEERS TAX-ADV PRD SEC AND'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.


COHEN & STEERS TAX-ADV PRD SEC AND's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, COHEN & STEERS TAX-ADV PRD SEC AND's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where COHEN & STEERS TAX-ADV PRD SEC AND's Price-to-Net-Net-Working-Capital falls into.



COHEN & STEERS TAX-ADV PRD SEC AND Net-Net Working Capital Calculation

COHEN & STEERS TAX-ADV PRD SEC AND'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)
=(1.331+0+0.75 * 0+0.5 * 0-608.985
-0-0)/55.2735
=-10.99

COHEN & STEERS TAX-ADV PRD SEC AND'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)
=(1.331+0+0.75 * 0+0.5 * 0-608.985
-0-0)/55.2735
=-10.99

* 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.


COHEN & STEERS TAX-ADV PRD SEC AND  (NYSE:PTA) 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.


COHEN & STEERS TAX-ADV PRD SEC AND Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of COHEN & STEERS TAX-ADV PRD SEC AND's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


COHEN & STEERS TAX-ADV PRD SEC AND (COHEN & STEERS TAX-ADV PRD SEC AND) Business Description

Traded in Other Exchanges
N/A
Address
1166 Avenue of the Americas, 30th Floor, New York, NY, USA, 10036
COHEN & STEERS TAX-ADV PRD SEC AND INC is a non-diversified, closed-end management statutory trust. Its primary investment objective is high current income, and the Fund's secondary investment objective is capital appreciation.
Executives
Ramona Lynn Rogers-windsor director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Jerry Dorost officer: Vice President, other: Portfolio Manager 280 PARK AVENUE, NEW YORK NY 10017
Jane F. Magpiong director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Gerald J. Maginnis director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10023
William F Scapell officer: Vice President C/O COHEN & STEERS, 280 PARK AVENUE, NEW YORK NY 10017
Edward C Delk officer: See Remarks 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Ward C Edward Jr director C/O COHEN & STEERS, 280 PARK AVENUE, NEW YORK NY 10017
Elaine Zaharis-nikas officer: Vice President 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Daphne L Richards director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Christian Corkery officer: Assistant Secretary 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Margaret Mo officer: Assistant Secretary 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
George Grossman director C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Dean Junkans director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10023
Dana Devivo officer: Secretary, Chief Legal Officer 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Albert Laskaj officer: Treasurer COHEN & STEERS, 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017

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