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IIF (Morgan Stanley India Investment Fund,) Net-Net Working Capital : $-4.80 (As of Dec. 2024)


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What is Morgan Stanley India Investment Fund, 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.

Morgan Stanley India Investment Fund,'s Net-Net Working Capital for the quarter that ended in Dec. 2024 was $-4.80.

The industry rank for Morgan Stanley India Investment Fund,'s Net-Net Working Capital or its related term are showing as below:

IIF's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 7.24
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Morgan Stanley India Investment Fund, Net-Net Working Capital Historical Data

The historical data trend for Morgan Stanley India Investment 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.

* Premium members only.

Morgan Stanley India Investment Fund, Net-Net Working Capital Chart

Morgan Stanley India Investment Fund, Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial 0.27 -1.17 -4.45 -3.35 -4.80

Morgan Stanley India Investment Fund, Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -4.45 -0.66 -3.35 -1.30 -4.80

Competitive Comparison of Morgan Stanley India Investment Fund,'s Net-Net Working Capital

For the Asset Management subindustry, Morgan Stanley India Investment 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.

Morgan Stanley India Investment Fund,'s Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Morgan Stanley India Investment Fund,'s Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Morgan Stanley India Investment Fund,'s Price-to-Net-Net-Working-Capital falls into.


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Morgan Stanley India Investment Fund, Net-Net Working Capital Calculation

Morgan Stanley India Investment Fund,'s Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 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)
=(1.335+0+0.75 * 0+0.5 * 0-47.669
-0-0)/9.659
=-4.80

Morgan Stanley India Investment Fund,'s Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2024 is calculated as

Net-Net Working Capital(Q: Dec. 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)
=(1.335+0+0.75 * 0+0.5 * 0-47.669
-0-0)/9.659
=-4.80

* 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.

Morgan Stanley India Investment Fund,  (NYSE:IIF) 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.

Morgan Stanley India Investment Fund, Net-Net Working Capital Related Terms

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Morgan Stanley India Investment Fund, Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) » Definitions » Net-Net Working Capital
Comparable Companies
FTF ERC FCT JOF RIV MCR AGD PMM EOT MMT BLK KKR BX TSX:BAM OSTO:INVE A TSX:BN APO LSE:III AMP ARES
Traded in Other Exchanges
N/A
Address
1585 Broadway, New York, NY, USA, 10036
Website
https://www.morganstanley.com
Morgan Stanley India Investment Fund, Inc. is the United States based non-diversified, closed-end management investment company. Its investment objective is to achieve long-term capital appreciation through investment in equity securities of Indian Issuers. The company's portfolio of investments consists of the investment in different sectors such as auto components, banks, capital markets, construction and engineering, pharmaceuticals and others.
Executives
Michael J Key officer: Vice President 1633 BROADWAY, 29TH FLOOR, NEW YORK NY 10019
Eddie Arthur Grier other: Advisory Board Member 11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Frances Cashman other: Advisory Board Member MORGAN STANLEY INVESTMENT MANAGEMENT, 1633 BROADWAY 29TH FLOOR, NEW YORK NY 10019
Deidre Downes officer: Chief Compliance Officer 1633 BROADWAY, 29TH FLOOR, NEW YORK NY 10019
Amay Ashok Hattangadi officer: Portfolio Manager 522 5TH AVENUE, NEW YORK NY 10036
City Of London Investment Group Plc 10 percent owner 77 GRACECHURCH STREET, LONDON X0 EC3V0AS
Jakki L. Haussler director 221 EAST FOURTH STREET, CINCINNATI OH 45202
Nancy Everett director 1812 PARK AVE, RICHMOND VA 23220
Patricia A Maleski director C/O J P MORGAN INVESTMENT MANAGEMENT INC, 522 FIFTH AVENUE, NEW YORK NY 10036
City Of London Investment Management Co Ltd 10 percent owner 77 GRACECHURCH STREET, LONDON X0 EC3V0AS
Timothy J Knierim officer: CCO 100 MULBERRY STREET, NEWARK NJ 07102
Joseph C Benedetti officer: Vice President C/O INVESCO, 225 LIBERTY STREET, NEW YORK NY 10281
John H Gernon officer: Principle Executive Officer 522 5TH AVENUE, NEW YORK NY 10036
Ashutosh Sinha other: Portfolio Manager 522 FIFTH AVENUE 19TH FLOOR, NEW YORK NY 10036
Arthur Jason Lev director, officer: President and PEO 522 5TH AVENUE, NEW YORK NY 10036