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DP Aircraft I (LSE:DPA) Net-Net Working Capital : $-0.45 (As of Dec. 2023)


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What is DP Aircraft I 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.

DP Aircraft I's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-0.45.

The industry rank for DP Aircraft I's Net-Net Working Capital or its related term are showing as below:

LSE:DPA's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.79
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

DP Aircraft I Net-Net Working Capital Historical Data

The historical data trend for DP Aircraft I'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.

DP Aircraft I Net-Net Working Capital Chart

DP Aircraft I Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -1.04 -0.92 -0.54 -0.47 -0.45

DP Aircraft I Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -0.54 -0.54 -0.47 -0.46 -0.45

Competitive Comparison of DP Aircraft I's Net-Net Working Capital

For the Rental & Leasing Services subindustry, DP Aircraft I'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.


DP Aircraft I's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, DP Aircraft I's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where DP Aircraft I's Price-to-Net-Net-Working-Capital falls into.



DP Aircraft I Net-Net Working Capital Calculation

DP Aircraft I's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 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)
=(0.915+0+0.75 * 0+0.5 * 0-108.634
-0-0)/239.333
=-0.45

DP Aircraft I's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 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)
=(0.915+0+0.75 * 0+0.5 * 0-108.634
-0-0)/239.333
=-0.45

* 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.


DP Aircraft I  (LSE:DPA) 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.


DP Aircraft I Net-Net Working Capital Related Terms

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DP Aircraft I (LSE:DPA) Business Description

Traded in Other Exchanges
N/A
Address
Les Banques, East Wing, Trafalgar Court, Saint Peter Port, Channel Islands, GGY, GY1 3PP
DP Aircraft I Ltd is a holding company and makes its investment in aircraft through wholly-owned subsidiary entities. The company's principal activity is to purchase, lease, and then sell Boeing 787-8s Aircraft (the Assets). The investment objective of the group is to obtain income and capital returns for the company's shareholders by acquiring, leasing and then, when the Board considers it appropriate, selling the Assets. The group is engaged in a single segment of the business, being acquiring, leasing, and subsequent selling of Aircraft. It earns revenue majorly from its lease rental business.

DP Aircraft I (LSE:DPA) Headlines

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