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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.
Redwood Monthlyome Fund's Net-Net Working Capital for the quarter that ended in Dec. 2017 was $1.41.
The industry rank for Redwood Monthlyome Fund's Net-Net Working Capital or its related term are showing as below:
BVPIF's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.22 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Redwood Monthlyome Fund (OTCPK:BVPIF) 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.
Redwood Monthlyome Fund Net-Net Working Capital Related Terms
Redwood Monthlyome Fund Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Redwood Monthlyome 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.
Redwood Monthlyome Fund Net-Net Working Capital Chart
BVPIF vs MDLY, GARS, ICMB: Net-Net Working Capital Comparison
For the Asset Management subindustry, Redwood Monthlyome 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.
Redwood Monthlyome Fund Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Redwood Monthlyome Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Redwood Monthlyome Fund's Price-to-Net-Net-Working-Capital falls into.
* 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.
What does a Net-Net Working Capital of $1.41 mean?
Redwood Monthlyome Fund (BVPIF) has a Net-Net Working Capital of $1.41 as of Dec. 2017. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Redwood Monthlyome Fund
Is Redwood Monthlyome Fund's Net-Net Working Capital too high?
Redwood Monthlyome Fund's current Net-Net Working Capital is $1.41. The Asset Management industry median Net-Net Working Capital is 6.22. Redwood Monthlyome Fund's value of $1.41 is 77.3% below this industry median.
How does Redwood Monthlyome Fund's Net-Net Working Capital compare to MDLY and GARS?
Redwood Monthlyome Fund's Net-Net Working Capital of $1.41 can be compared against companies in the Asset Management industry. The industry median Net-Net Working Capital is 6.22. Redwood Monthlyome Fund's value of $1.41 is 77.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Asset Management company?
The median Net-Net Working Capital among Asset Management companies is 6.22, based on 497 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Redwood Monthlyome Fund's current Net-Net Working Capital of $1.41 is 77.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Redwood Monthlyome Fund For the Asset Management industry, the median Net-Net Working Capital is 6.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Redwood Monthlyome Fund's current Net-Net Working Capital is $1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Redwood Monthlyome Fund stock overvalued right now?
Redwood Monthlyome Fund (BVPIF) has a current Net-Net Working Capital of $1.41. The current Net-Net Working Capital is $1.41 and 77.3% below the Asset Management industry median of 6.22. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Redwood Monthlyome Fund (BVPIF), the current Net-Net Working Capital is $1.41 as of Dec. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Redwood Monthly Income Fund is a closed-end investment trust. Its investment objectives are to provide Unitholders with the benefits of a high level of monthly income, together with the opportunity for capital appreciation. The Fund seeks to achieve its Investment Objectives through active asset and sector allocation and by investing in those income-producing securities that the Sub-Advisor believes represent the weighting to achieve the Investment Objectives. The Fund has exposure to a diversified portfolio consisting of income-producing securities, including but not limited to income trusts, dividend-paying common shares, convertible debt, preferred shares and investment-grade fixed income investments.
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