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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.
LSE:RCOI's Price-to-Net-Net-Working-Capital is ranked worse than 80.8% of 474
companies
in the Asset Management industry
Industry Median: 7.05
vs LSE:RCOI: 39.38
Riverstone Credit Opportunitiesome (LSE:RCOI) 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.
Riverstone Credit Opportunitiesome Net-Net Working Capital Related Terms
Riverstone Credit Opportunitiesome Net-Net Working Capital Historical Data
* 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.
Riverstone Credit Opportunitiesome Net-Net Working Capital Chart
LSE:RCOI vs BLK, BX, KKR: Net-Net Working Capital Comparison
For the Asset Management subindustry, Riverstone Credit Opportunitiesome'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.
Riverstone Credit Opportunitiesome Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Riverstone Credit Opportunitiesome's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Riverstone Credit Opportunitiesome's Price-to-Net-Net-Working-Capital falls into.
* 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.
What does a Net-Net Working Capital of $0.89 mean?
Riverstone Credit Opportunitiesome (LSE:RCOI) has a Net-Net Working Capital of $0.89 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Riverstone Credit Opportunitiesome According to the industry distribution chart, Riverstone Credit Opportunitiesome ranks #383 out of 474 companies in the Asset Management industry, placing it in the top 80.8%.
Is Riverstone Credit Opportunitiesome's Net-Net Working Capital too high?
Riverstone Credit Opportunitiesome's current Net-Net Working Capital is $0.89. The Asset Management industry median Net-Net Working Capital is 7.05. Riverstone Credit Opportunitiesome's value of $0.89 is 87.4% below this industry median. Based on the distribution chart, Riverstone Credit Opportunitiesome ranks #383 out of 474 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Riverstone Credit Opportunitiesome has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Riverstone Credit Opportunitiesome's Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, Riverstone Credit Opportunitiesome ranks #383 out of 474 companies for Net-Net Working Capital. This places Riverstone Credit Opportunitiesome in the lower half of its industry. The industry median Net-Net Working Capital is 7.05. Riverstone Credit Opportunitiesome's value of $0.89 is 87.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Asset Management company?
The median Net-Net Working Capital among Asset Management companies is 7.05, based on 474 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Riverstone Credit Opportunitiesome's current Net-Net Working Capital of $0.89 is 87.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Riverstone Credit Opportunitiesome For the Asset Management industry, the median Net-Net Working Capital is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Riverstone Credit Opportunitiesome's current Net-Net Working Capital is $0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riverstone Credit Opportunitiesome stock overvalued right now?
Riverstone Credit Opportunitiesome (LSE:RCOI) has a current Net-Net Working Capital of $0.89. The current Net-Net Working Capital is $0.89 and 87.4% below the Asset Management industry median of 7.05. Riverstone Credit Opportunitiesome's overall GF Score™ is 25/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Riverstone Credit Opportunitiesome (LSE:RCOI), the current Net-Net Working Capital is $0.89 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Riverstone Credit Opportunities Income PLC is a closed-ended investment company listed in the United Kingdom and externally managed by Riverstone Investment Group. It invests primarily in senior secured loans and other debt instruments issued by energy-related companies, including businesses in the upstream, midstream, power, and energy transition sectors, generally targeting floating-rate, first-lien obligations. Income is generated through interest and fees on its loan portfolio, which the company distributes to shareholders as dividends. Following a strategic review, the company adopted a wind-down investment policy and entered a managed wind-down, under which it no longer makes new investments and instead seeks to realise its existing assets on a timely basis, returning cash to holders of its ordinary shares as soon as practicable. Its shares trade on the London Stock Exchange.
25GF Score
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