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North Atlantic Smaller Inv Trust (CHIX:NASL) Net-Net Working Capital : £0.89 (As of Jan. 2025)


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What is North Atlantic Smaller Inv 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.

North Atlantic Smaller Inv Trust's Net-Net Working Capital for the quarter that ended in Jan. 2025 was £0.89.

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

CHIX:NASl's Price-to-Net-Net-Working-Capital is ranked worse than
84.6% of 500 companies
in the Asset Management industry
Industry Median: 7.285 vs CHIX:NASl: 43.78

North Atlantic Smaller Inv Trust Net-Net Working Capital Historical Data

The historical data trend for North Atlantic Smaller Inv 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.

North Atlantic Smaller Inv Trust Net-Net Working Capital Chart

North Atlantic Smaller Inv Trust Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.86 5.53 0.39 0.63 0.89

North Atlantic Smaller Inv Trust Semi-Annual Data
Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
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 0.39 1.87 0.63 2.07 0.89

Competitive Comparison of North Atlantic Smaller Inv Trust's Net-Net Working Capital

For the Asset Management subindustry, North Atlantic Smaller Inv 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.


North Atlantic Smaller Inv Trust's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where North Atlantic Smaller Inv Trust's Price-to-Net-Net-Working-Capital falls into.


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North Atlantic Smaller Inv Trust Net-Net Working Capital Calculation

North Atlantic Smaller Inv Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jan. 2025 is calculated as

Net-Net Working Capital(A: Jan. 2025 )
=(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)
=(17.31+0+0.75 * 0+0.5 * 0-5.589
-0-0)/13.220
=0.89

North Atlantic Smaller Inv Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jan. 2025 is calculated as

Net-Net Working Capital(Q: Jan. 2025 )
=(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)
=(17.31+0+0.75 * 0+0.5 * 0-5.589
-0-0)/13.220
=0.89

* 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.


North Atlantic Smaller Inv Trust  (CHIX:NASl) 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.


North Atlantic Smaller Inv Trust Net-Net Working Capital Related Terms

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North Atlantic Smaller Inv Trust Business Description

Traded in Other Exchanges
Address
6 Stratton Street, Mayfair, London, GBR, W1J 8LD
North Atlantic Smaller Companies Inv Trust PLC is a United Kingdom-based investment trust. The company's objective is to provide capital appreciation through investment in a portfolio of smaller companies mainly based in countries bordering the North Atlantic Ocean. Its only operating segment is the Investment business. The company invests in a diversified range of companies, both quoted and unquoted, on both sides of the Atlantic.

North Atlantic Smaller Inv Trust Headlines

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