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MNC Strategic Investments (LSE:MNCS) Net-Net Working Capital : £-0.56 (As of Sep. 2014)


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What is MNC Strategic Investments 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.

MNC Strategic Investments's Net-Net Working Capital for the quarter that ended in Sep. 2014 was £-0.56.

The industry rank for MNC Strategic Investments's Net-Net Working Capital or its related term are showing as below:

LSE:MNCS's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.185
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

MNC Strategic Investments Net-Net Working Capital Historical Data

The historical data trend for MNC Strategic Investments'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.

MNC Strategic Investments Net-Net Working Capital Chart

MNC Strategic Investments Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14
Net-Net Working Capital
-7.64 -0.57 -11.42 -10.78 -11.88

MNC Strategic Investments Semi-Annual Data
Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14
Net-Net Working Capital Get a 7-Day Free Trial -6.62 -10.78 -13.22 -11.88 -0.56

Competitive Comparison of MNC Strategic Investments's Net-Net Working Capital

For the Asset Management subindustry, MNC Strategic Investments'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.


MNC Strategic Investments's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where MNC Strategic Investments's Price-to-Net-Net-Working-Capital falls into.



MNC Strategic Investments Net-Net Working Capital Calculation

MNC Strategic Investments's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2014 is calculated as

Net-Net Working Capital(A: Mar. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.002+0.75 * 0+0.5 * 0-2.933
-0-0)/0.24671
=-11.88

MNC Strategic Investments's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2014 is calculated as

Net-Net Working Capital(Q: Sep. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.279+0.75 * 0+0.5 * 0-0.477
-0-0)/0.35243
=-0.56

* 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.


MNC Strategic Investments  (LSE:MNCS) 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.


MNC Strategic Investments Net-Net Working Capital Related Terms

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MNC Strategic Investments (LSE:MNCS) Business Description

Traded in Other Exchanges
N/A
Address
MNC Strategic Investments PLC is an investment holding company incorporated in England and Wales on February 22, 2012. The Company's Investing Policy is to procure suitable acquisition and investment opportunities in quoted and unquoted businesses, or to invest in projects that are in the technology media and internet sectors. The Company has investment focus on Asia, including but not limited to Hong Kong, Singapore and China.

MNC Strategic Investments (LSE:MNCS) Headlines

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