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British Smaller VCT (LSE:BSV) Net-Net Working Capital : £0.10 (As of Mar. 2025)


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What is British Smaller VCT 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.

British Smaller VCT's Net-Net Working Capital for the quarter that ended in Mar. 2025 was £0.10.

The industry rank for British Smaller VCT's Net-Net Working Capital or its related term are showing as below:

LSE:BSV's Price-to-Net-Net-Working-Capital is ranked worse than
52.4% of 500 companies
in the Asset Management industry
Industry Median: 7.05 vs LSE:BSV: 7.65

British Smaller VCT Net-Net Working Capital Historical Data

The historical data trend for British Smaller VCT'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.

British Smaller VCT Net-Net Working Capital Chart

British Smaller VCT Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.20 0.15 0.34 0.10

British Smaller VCT Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 0.15 0.12 0.34 0.10 0.10

Competitive Comparison of British Smaller VCT's Net-Net Working Capital

For the Asset Management subindustry, British Smaller VCT'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.


British Smaller VCT's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where British Smaller VCT's Price-to-Net-Net-Working-Capital falls into.


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British Smaller VCT Net-Net Working Capital Calculation

British Smaller VCT's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2025 is calculated as

Net-Net Working Capital(A: Mar. 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)
=(30.971+0+0.75 * 0+0.5 * 0-0.344
-0-0)/319.179
=0.10

British Smaller VCT's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 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)
=(30.971+0+0.75 * 0+0.5 * 0-0.344
-0-0)/319.179
=0.10

* 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.


British Smaller VCT  (LSE:BSV) 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.


British Smaller VCT Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of British Smaller VCT's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


British Smaller VCT Business Description

Traded in Other Exchanges
N/A
Address
14 South Parade, 5th Floor, Valiant Building, Leeds, West Yorkshire, GBR, LS1 5QS
British Smaller Companies VCT PLC is a United Kingdom-based company. The company operates as a venture capital trust. It makes long-term equity and loan investments in unquoted businesses. The company invests in various sectors including Business Services, Manufacturing and Industrial, Healthcare, Software, IT and Telecommunications, and Retail and Brands. The Company has engaged in a single operating segment: investing in equity and debt securities within the United Kingdom.

British Smaller VCT Headlines

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