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Blackrockome Trust (Blackrockome Trust) Net-Net Working Capital : $-7.39 (As of Dec. 2023)


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What is Blackrockome Trust 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.

Blackrockome Trust's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-7.39.

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

BKT'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.

Blackrockome Trust Net-Net Working Capital Historical Data

The historical data trend for Blackrockome 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.

Blackrockome Trust Net-Net Working Capital Chart

Blackrockome Trust Annual Data
Trend Aug17 Aug18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -9.99 -11.98 -18.16 -7.53 -7.39

Blackrockome Trust Semi-Annual Data
Aug17 Feb18 Aug18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 -18.16 -8.28 -7.53 -7.77 -7.39

Competitive Comparison of Blackrockome Trust's Net-Net Working Capital

For the Asset Management subindustry, Blackrockome 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.


Blackrockome Trust's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

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



Blackrockome Trust Net-Net Working Capital Calculation

Blackrockome Trust'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 )
=(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 * 0-157.417
-0-0)/21.3077
=-7.39

Blackrockome Trust'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 )
=(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 * 0-157.417
-0-0)/21.3077
=-7.39

* 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.


Blackrockome Trust  (NYSE:BKT) 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.


Blackrockome Trust Net-Net Working Capital Related Terms

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Blackrockome Trust (Blackrockome Trust) Business Description

Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Blackrock Income Trust Inc is a diversified investment fund with an investment objective to manage a portfolio of high-quality securities to achieve both preservations of capital and high monthly income. The trust seeks to achieve its investment objective by investing at least 65% of its assets in mortgage-backed securities.
Executives
Nicholas Andrew Kramvis other: Portfolio Manager 50 HUDSON YARDS, NEW YORK NY 10001
Arthur Philip Steinmetz director 50 HUDSON YARDS, NEW YORK NY 10001
Aaron David Wasserman officer: Chief Compliance Officer 50 HUDSON YARDS, NEW YORK NY 10001
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Blackrock Internationl, Ltd. other: Investment Adviser 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Ron Sion other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Matthew Kraeger other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Henry Gabbay director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert W Fairbairn director 55 EAST 52ND STREET, NEW YORK NY 10055
Karen P Robards director 800 SCUDDERS MILL RD, PLAINSBORO NJ 08536
Cynthia Egan director 7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch director 55 EAST 52ND STREET, NEW YORK NY 10055

Blackrockome Trust (Blackrockome Trust) Headlines