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ProVen Growth &ome VCT (LSE:PGOO) Net-Net Working Capital : £0.15 (As of Feb. 2023)


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What is ProVen Growth &ome VCT 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.

ProVen Growth &ome VCT's Net-Net Working Capital for the quarter that ended in Feb. 2023 was £0.15.

The industry rank for ProVen Growth &ome VCT's Net-Net Working Capital or its related term are showing as below:

LSE:PGOO's Price-to-Net-Net-Working-Capital is ranked better than
65.17% of 491 companies
in the Asset Management industry
Industry Median: 7.95 vs LSE:PGOO: 3.77

ProVen Growth &ome VCT Net-Net Working Capital Historical Data

The historical data trend for ProVen Growth &ome VCT'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.

ProVen Growth &ome VCT Net-Net Working Capital Chart

ProVen Growth &ome VCT Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.16 0.09 0.15 0.13

ProVen Growth &ome VCT Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Feb24
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 0.20 0.09 0.17 0.15 0.13

Competitive Comparison of ProVen Growth &ome VCT's Net-Net Working Capital

For the Asset Management subindustry, ProVen Growth &ome VCT'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.


ProVen Growth &ome VCT's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where ProVen Growth &ome VCT's Price-to-Net-Net-Working-Capital falls into.



ProVen Growth &ome VCT Net-Net Working Capital Calculation

ProVen Growth &ome VCT's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Feb. 2024 is calculated as

Net-Net Working Capital(A: Feb. 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)
=(39.689+0+0.75 * 0+0.5 * 0-1.541
-0-0)/302.382
=0.13

ProVen Growth &ome VCT'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)
=(45.058+0+0.75 * 0+0.5 * 0-1.005
-0-0)/297.414
=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.


ProVen Growth &ome VCT  (LSE:PGOO) 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.


ProVen Growth &ome VCT Net-Net Working Capital Related Terms

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ProVen Growth &ome VCT Business Description

Traded in Other Exchanges
N/A
Address
55 Drury Lane, Charter House, London, GBR, WC2B 5SQ
ProVen Growth & Income VCT PLC operates as a venture capital trust (VCT). The company's investment objective is to achieve long-term returns greater than those available from investing in a portfolio of quoted companies, by investing in a portfolio of carefully selected qualifying investments in small and medium-sized unquoted companies with excellent growth prospects and a portfolio of non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt-related securities in growth companies and non-qualifying venture capital investments, within the conditions imposed on all VCTs and to minimise the risk of each investment and the portfolio as a whole. Its portfolio of investments includes some sectors such as Technology, Healthcare, and Business Services.

ProVen Growth &ome VCT Headlines

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