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Henderson Internationalome Trust (CHIX:HINTL) Net-Net Working Capital : £-0.16 (As of Aug. 2024)


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What is Henderson Internationalome 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.

Henderson Internationalome Trust's Net-Net Working Capital for the quarter that ended in Aug. 2024 was £-0.16.

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

CHIX:HINTl's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.85
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Henderson Internationalome Trust Net-Net Working Capital Historical Data

The historical data trend for Henderson Internationalome 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.

Henderson Internationalome Trust Net-Net Working Capital Chart

Henderson Internationalome Trust Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.23 -0.09 -0.13 -0.09 -0.16

Henderson Internationalome Trust Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.13 -0.05 -0.09 -0.06 -0.16

Competitive Comparison of Henderson Internationalome Trust's Net-Net Working Capital

For the Asset Management subindustry, Henderson Internationalome 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.


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

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

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


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Henderson Internationalome Trust Net-Net Working Capital Calculation

Henderson Internationalome Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Aug. 2024 is calculated as

Net-Net Working Capital(A: Aug. 2024 )
=(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)
=(9.708+0+0.75 * 0+0.5 * 0-40.277
-0-0)/195.979
=-0.16

Henderson Internationalome Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Aug. 2024 is calculated as

Net-Net Working Capital(Q: Aug. 2024 )
=(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)
=(9.708+0+0.75 * 0+0.5 * 0-40.277
-0-0)/195.979
=-0.16

* 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.


Henderson Internationalome Trust  (CHIX:HINTl) 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.


Henderson Internationalome Trust Net-Net Working Capital Related Terms

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Henderson Internationalome Trust Business Description

Traded in Other Exchanges
Address
201 Bishopsgate, London, GBR, EC2M 3AE
Henderson International Income Trust PLC is an investment company. Its investment objective is to provide shareholders with a growing total annual dividend as well as capital appreciation, from a focused and internationally diversified portfolio of securities outside the United Kingdom. It invests in a portfolio consisting of listed equities and fixed-interest asset classes. Its portfolio includes investments in various sectors such as Technology. Financials, Healthcare, Industrials, and Utilities among others. The investment portfolio is predominantly concentrated in the United States followed by France, Germany, Japan, Switzerland, Korea, China, and other countries.

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