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FINS (Angel Oak Financial Stratsome Term) Net-Net Working Capital : $-5.29 (As of Jan. 2025)


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What is Angel Oak Financial Stratsome Term 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.

Angel Oak Financial Stratsome Term's Net-Net Working Capital for the quarter that ended in Jan. 2025 was $-5.29.

The industry rank for Angel Oak Financial Stratsome Term's Net-Net Working Capital or its related term are showing as below:

FINS's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 7.05
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Angel Oak Financial Stratsome Term Net-Net Working Capital Historical Data

The historical data trend for Angel Oak Financial Stratsome Term'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.

Angel Oak Financial Stratsome Term Net-Net Working Capital Chart

Angel Oak Financial Stratsome Term Annual Data
Trend Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Net-Net Working Capital
Get a 7-Day Free Trial -7.68 -6.87 -6.16 -5.60 -5.29

Angel Oak Financial Stratsome Term Semi-Annual Data
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 -6.16 -5.56 -5.60 -5.67 -5.29

Competitive Comparison of Angel Oak Financial Stratsome Term's Net-Net Working Capital

For the Asset Management subindustry, Angel Oak Financial Stratsome Term'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.


Angel Oak Financial Stratsome Term's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where Angel Oak Financial Stratsome Term's Price-to-Net-Net-Working-Capital falls into.


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Angel Oak Financial Stratsome Term Net-Net Working Capital Calculation

Angel Oak Financial Stratsome Term'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)
=(0+0+0.75 * 0+0.5 * 0-132.466
-0-0)/25.063
=-5.29

Angel Oak Financial Stratsome Term'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)
=(0+0+0.75 * 0+0.5 * 0-132.466
-0-0)/25.063
=-5.29

* 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.


Angel Oak Financial Stratsome Term  (NYSE:FINS) 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.


Angel Oak Financial Stratsome Term Net-Net Working Capital Related Terms

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Angel Oak Financial Stratsome Term Business Description

Traded in Other Exchanges
N/A
Address
3344 Peachtree Road NE, Suite 1725, Atlanta, GA, USA, 30326
Angel Oak Financial Strats Income Term is a non-diversified, closed-end management investment company. The fund's objective is to seek current income with a secondary objective of total return. In pursuing its investment objective, the fund invests mainly in debt issued by financial institutions, including subordinated debt, unrated debt, senior debt, and high-yield securities.
Executives
Albe Alvin R Jr director ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA 2Q 30305
Michael Fierman other: Investment Adviser Principal ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
William Eldredge officer: Chief Compliance Officer C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Johannes Palsson other: Portfolio Manager 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Kevin Parks other: Portfolio Manager Affil. Fund 145 WEST 57TH STREET, 19TH FLOOR, NEW YORK NY 10019
Angel Oak Capital Partners Ii, Llc other: General Partner of Adviser 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30309
Kevin Sluss officer: Secretary C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Navid Abghari other: Portfolio Manager 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Sun Life Assurance Co Of Canada 10 percent owner ONE YORK STREET, TORONTO A6 M5J 0B6
Sun Life Financial Inc 10 percent owner SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6
Massachusetts Mutual Life Insurance Co 10 percent owner 1295 STATE STREET, SPRINGFIELD MA 01111
Daniel Asher 10 percent owner 111 W JACKSON BLVD, 20TH FL, CHICAGO IL 60604
Angel Oak Capital Advisors, Llc other: Investment Adviser ONE BUCKHEAD PLAZA, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305-2240
John R Hsu officer: Secretary C/O ANGEL OAK CAPITAL ADVISORS, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Cheryl Pate other: Portfolio Manager 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305