JHS (John Hancockome Securities Trust) Net-Net Working Capital : $-7.91 (As of Apr. 2024)

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What is John Hancockome Securities 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.

John Hancockome Securities Trust's Net-Net Working Capital for the quarter that ended in Apr. 2024 was $-7.91.

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

JHS's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Asset Management industry.
Industry Median: 7.96
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

John Hancockome Securities Trust Net-Net Working Capital Historical Data

The historical data trend for John Hancockome Securities 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.

John Hancockome Securities Trust Net-Net Working Capital Chart

John Hancockome Securities Trust Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Net-Net Working Capital

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-8.37

-7.94

-8.93

-9.39

-8.86

John Hancockome Securities Trust Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Net-Net Working Capital	Get a 7-Day Free Trial									-8.44	-9.39	-8.64	-8.86	-7.91

Competitive Comparison of John Hancockome Securities Trust's Net-Net Working Capital

For the Asset Management subindustry, John Hancockome Securities 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.

John Hancockome Securities Trust's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where John Hancockome Securities Trust's Price-to-Net-Net-Working-Capital falls into.

John Hancockome Securities Trust Net-Net Working Capital Calculation

John Hancockome Securities Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Oct. 2023 is calculated as

	Net-Net Working Capital		(A: Oct. 2023 )
=	(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)
=	(0.037	+	0	+	0.75 * 0	+	0.5 * 0	-	103.274
-	0	-	0)	/	11.6466
=	-8.86

John Hancockome Securities Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Apr. 2024 is calculated as

	Net-Net Working Capital		(Q: Apr. 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)
=	(0.084	+	0	+	0.75 * 0	+	0.5 * 0	-	92.162
-	0	-	0)	/	11.6466
=	-7.91

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.

John Hancockome Securities Trust (NYSE:JHS) 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.

John Hancockome Securities Trust Net-Net Working Capital Related Terms

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John Hancockome Securities Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » John Hancock Income Securities Trust (NYSE:JHS) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Berkeley Street, Boston, MA, USA, 02116

Website

https://www.jhinvestments.com

John Hancock Income Securities Trust is a United States-based closed-ended diversified management investment company. Its primary objective is to generate a high level of current income consistent with prudent investment risk. The fund invests its net assets (plus borrowings for investment purposes) in income securities, consisting of marketable corporate debt securities, governmental obligations, and cash & commercial paper.

Executives

Dean Garfield	director	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Noni L Ellison	director	TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Andy Mcfetridge	officer: Director of the Adviser	200 BERKELEY STREET, BOSTON MA 02116
Kristie Feinberg	officer: President & CEO of the Adviser	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
York Lo	officer: Vice President, Investments	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Kathryn Hayes	other: Filer and Employee of the Fund	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Patricia Lizarraga	director	C/O JOHN, 200 BERKELEY STREET, BOSTON MA 02116
Paul Lorentz	director	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Arthur Pigott	officer: VP of the Adviser	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Glen J Gibbons	officer: VP of the Adviser	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Frances G Rathke	other: Trustee of the Fund	C/O GREEN MOUNTAIN COFFEE ROASTERS, INC., 33 COFFEE LANE, WATERBURY VT 05676
Brian Macphee	officer: Vice President of the Adviser	C/O JOHN HANCOCK, 164 CORPORATE DRIVE, PORTSMOUTH NH 03801
Sean Speer	officer: Vice President of the Adviser	C/O JOHN HANCOCK, 197 CLARENDON STREET, BOSTON MA 02116
Michael Tassinari	officer: Vice President of the Adviser	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Christopher Pompilio	officer: Vice President of the Adviser	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116

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