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Schroder Japan Trust (LSE:SJG) Net-Net Working Capital : £-0.06 (As of Jul. 2024)


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What is Schroder Japan Trust 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.

Schroder Japan Trust's Net-Net Working Capital for the quarter that ended in Jul. 2024 was £-0.06.

The industry rank for Schroder Japan Trust's Net-Net Working Capital or its related term are showing as below:

LSE:SJG's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 7.95
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Schroder Japan Trust Net-Net Working Capital Historical Data

The historical data trend for Schroder Japan Trust'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.

Schroder Japan Trust Net-Net Working Capital Chart

Schroder Japan Trust Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.27 -0.25 -0.27 -0.25 -0.06

Schroder Japan Trust Semi-Annual Data
Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
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 -0.27 -0.29 -0.25 -0.38 -0.06

Competitive Comparison of Schroder Japan Trust's Net-Net Working Capital

For the Asset Management subindustry, Schroder Japan Trust'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.


Schroder Japan Trust's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where Schroder Japan Trust's Price-to-Net-Net-Working-Capital falls into.



Schroder Japan Trust Net-Net Working Capital Calculation

Schroder Japan Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jul. 2024 is calculated as

Net-Net Working Capital(A: Jul. 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)
=(7.396+0+0.75 * 0+0.5 * 0-14.131
-0-0)/117.401
=-0.06

Schroder Japan Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jul. 2024 is calculated as

Net-Net Working Capital(Q: Jul. 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)
=(7.396+0+0.75 * 0+0.5 * 0-14.131
-0-0)/117.401
=-0.06

* 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.


Schroder Japan Trust  (LSE:SJG) 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.


Schroder Japan Trust Net-Net Working Capital Related Terms

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Schroder Japan Trust Business Description

Traded in Other Exchanges
Address
1 London Wall Place, London, GBR, EC2Y 5AU
Schroder Japan Trust PLC is an investment trust located in the United Kingdom. It aims to achieve growth more than the Tokyo Stock Price Index Total Return in sterling over the longer term to provide capital growth for its investors. To achieve this objective, the company follows the strategy of investing in an actively managed portfolio comprising of securities listed on the Japanese stock markets. It predominantly invests in equities and partly in other instruments like warrants, convertibles, and other derivative instruments across sectors such as consumer goods and industrials. The company operates through its investment manager, Schroder Unit Trusts Ltd.

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