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Menhaden Resource Efficiency (LSE:MHN) Net-Net Working Capital : £0.10 (As of Jun. 2024)


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What is Menhaden Resource Efficiency 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.

Menhaden Resource Efficiency's Net-Net Working Capital for the quarter that ended in Jun. 2024 was £0.10.

The industry rank for Menhaden Resource Efficiency's Net-Net Working Capital or its related term are showing as below:

LSE:MHN's Price-to-Net-Net-Working-Capital is not ranked
in the Asset Management industry.
Industry Median: 7.05 vs LSE:MHN: 15.30

Menhaden Resource Efficiency Net-Net Working Capital Historical Data

The historical data trend for Menhaden Resource Efficiency'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.

Menhaden Resource Efficiency Net-Net Working Capital Chart

Menhaden Resource Efficiency Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only 0.20 0.01 -0.02 0.07 0.17

Menhaden Resource Efficiency Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.05 0.07 0.07 0.17 0.10

Competitive Comparison of Menhaden Resource Efficiency's Net-Net Working Capital

For the Asset Management subindustry, Menhaden Resource Efficiency'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.


Menhaden Resource Efficiency's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where Menhaden Resource Efficiency's Price-to-Net-Net-Working-Capital falls into.


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Menhaden Resource Efficiency Net-Net Working Capital Calculation

Menhaden Resource Efficiency'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)
=(14.898+0+0.75 * 0+0.5 * 0-1.091
-0-0)/79.025
=0.17

Menhaden Resource Efficiency's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 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)
=(9.442+0+0.75 * 0+0.5 * 0-1.78
-0-0)/79.000
=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.


Menhaden Resource Efficiency  (LSE:MHN) 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.


Menhaden Resource Efficiency Net-Net Working Capital Related Terms

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Menhaden Resource Efficiency Business Description

Traded in Other Exchanges
N/A
Address
25 Southampton Buildings, London, GBR, WC2A 1AL
Menhaden Resource Efficiency PLC is a European asset management firm conducting investment trust-related activities. The company aims to generate long-term shareholder returns, predominantly in the form of capital growth, by investing in businesses and opportunities delivering or benefiting from the efficient use of energy and resources irrespective of their size, location, or stage of development. It invests across other market sectors like Sustainable Infrastructure and Transportation Digitisation, Clean Energy, Industrial Emissions Reduction and Water and Waste Management.