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Gore Street Energy Storage Fund (LSE:GSF) Net-Net Working Capital : £0.15 (As of Sep. 2023)


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What is Gore Street Energy Storage 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.

Gore Street Energy Storage Fund's Net-Net Working Capital for the quarter that ended in Sep. 2023 was £0.15.

The industry rank for Gore Street Energy Storage Fund's Net-Net Working Capital or its related term are showing as below:

LSE:GSF's Price-to-Net-Net-Working-Capital is ranked better than
57.42% of 512 companies
in the Asset Management industry
Industry Median: 6.225 vs LSE:GSF: 4.39

Gore Street Energy Storage Fund Net-Net Working Capital Historical Data

The historical data trend for Gore Street Energy Storage 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.

Gore Street Energy Storage Fund Net-Net Working Capital Chart

Gore Street Energy Storage Fund Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
- 0.27 0.21 0.57 0.20

Gore Street Energy Storage Fund Semi-Annual Data
Sep18 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.57 0.34 0.20 0.15

Competitive Comparison of Gore Street Energy Storage Fund's Net-Net Working Capital

For the Asset Management subindustry, Gore Street Energy Storage 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.


Gore Street Energy Storage Fund's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gore Street Energy Storage Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Gore Street Energy Storage Fund's Price-to-Net-Net-Working-Capital falls into.



Gore Street Energy Storage Fund Net-Net Working Capital Calculation

Gore Street Energy Storage Fund's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 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)
=(99.199+0+0.75 * 0+0.5 * 0-3.047
-0-0)/481.399
=0.20

Gore Street Energy Storage Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 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)
=(74.99+0+0.75 * 0+0.5 * 0-1.84
-0-0)/481.399
=0.15

* 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.


Gore Street Energy Storage Fund  (LSE:GSF) 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.


Gore Street Energy Storage Fund Net-Net Working Capital Related Terms

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Gore Street Energy Storage Fund (LSE:GSF) Business Description

Traded in Other Exchanges
Address
16-17 Little Portland Street, First Floor, London, GBR, W1W 8BP
Gore Street Energy Storage Fund PLC is a closed-ended investment company. The company's objective is to provide investors with a sustainable and attractive dividend over the long term by investing in a diversified portfolio of utility-scale energy storage projects primarily located in the United Kingdom.

Gore Street Energy Storage Fund (LSE:GSF) Headlines

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