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Chelverton Growth Trust (LSE:CGW) Net-Net Working Capital : £-0.04 (As of Feb. 2023)


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What is Chelverton Growth 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.

Chelverton Growth Trust's Net-Net Working Capital for the quarter that ended in Feb. 2023 was £-0.04.

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

LSE:CGW's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.14
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Chelverton Growth Trust Net-Net Working Capital Historical Data

The historical data trend for Chelverton Growth 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.

Chelverton Growth Trust Net-Net Working Capital Chart

Chelverton Growth Trust Annual Data
Trend Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.03 -0.09 -0.06 -0.02 -0.04

Chelverton Growth Trust Semi-Annual Data
Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23
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 -0.01 -0.02 -0.04 -0.04 -0.04

Competitive Comparison of Chelverton Growth Trust's Net-Net Working Capital

For the Asset Management subindustry, Chelverton Growth 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.


Chelverton Growth Trust's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where Chelverton Growth Trust's Price-to-Net-Net-Working-Capital falls into.



Chelverton Growth Trust Net-Net Working Capital Calculation

Chelverton Growth Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Aug. 2022 is calculated as

Net-Net Working Capital(A: Aug. 2022 )
=(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)
=(0.01+0+0.75 * 0+0.5 * 0-0.248
-0-0)/5.4603
=-0.04

Chelverton Growth Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Feb. 2023 is calculated as

Net-Net Working Capital(Q: Feb. 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)
=(0.013+0+0.75 * 0+0.5 * 0-0.251
-0-0)/5.4603
=-0.04

* 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.


Chelverton Growth Trust  (LSE:CGW) 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.


Chelverton Growth Trust Net-Net Working Capital Related Terms

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Chelverton Growth Trust (LSE:CGW) Business Description

Traded in Other Exchanges
N/A
Address
Courtenay Street, Suite 8, Bridge House, Newton Abbot, GBR, TQ12 2QS
Chelverton Growth Trust PLC is an investment trust. Its objective is to provide capital growth through investment in companies listed on the Official List and traded on the Alternative Investment Market with a market capitalization at the time of investment. Its investment objective is to increase net asset value per share at a higher rate than other quoted smaller company trusts and the MSCI Small Cap UK Index. It invests in securities of publicly quoted UK companies, though it might invest in unquoted securities.

Chelverton Growth Trust (LSE:CGW) Headlines