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SDHY (PGIM Short Duration High Yield Opportunities) Net-Net Working Capital : $-5.89 (As of Jan. 2025)


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What is PGIM Short Duration High Yield Opportunities 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.

PGIM Short Duration High Yield Opportunities's Net-Net Working Capital for the quarter that ended in Jan. 2025 was $-5.89.

The industry rank for PGIM Short Duration High Yield Opportunities's Net-Net Working Capital or its related term are showing as below:

SDHY's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 7.18
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

PGIM Short Duration High Yield Opportunities Net-Net Working Capital Historical Data

The historical data trend for PGIM Short Duration High Yield Opportunities'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.

PGIM Short Duration High Yield Opportunities Net-Net Working Capital Chart

PGIM Short Duration High Yield Opportunities Annual Data
Trend Jul21 Jul22 Jul23 Jul24
Net-Net Working Capital
-6.94 -5.43 -5.02 -5.44

PGIM Short Duration High Yield Opportunities Semi-Annual Data
Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
Net-Net Working Capital Get a 7-Day Free Trial -4.62 -5.02 -6.46 -5.44 -5.89

Competitive Comparison of PGIM Short Duration High Yield Opportunities's Net-Net Working Capital

For the Asset Management subindustry, PGIM Short Duration High Yield Opportunities'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.

PGIM Short Duration High Yield Opportunities's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PGIM Short Duration High Yield Opportunities's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where PGIM Short Duration High Yield Opportunities's Price-to-Net-Net-Working-Capital falls into.


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PGIM Short Duration High Yield Opportunities Net-Net Working Capital Calculation

PGIM Short Duration High Yield Opportunities'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)
=(0.267+0+0.75 * 0+0.5 * 0-134.466
-0-0)/24.673
=-5.44

PGIM Short Duration High Yield Opportunities's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jan. 2025 is calculated as

Net-Net Working Capital(Q: Jan. 2025 )
=(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)
=(0.267+0+0.75 * 0+0.5 * 0-145.607
-0-0)/24.673
=-5.89

* 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.

PGIM Short Duration High Yield Opportunities  (NYSE:SDHY) 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.

PGIM Short Duration High Yield Opportunities Net-Net Working Capital Related Terms

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PGIM Short Duration High Yield Opportunities Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PGIM Short Duration High Yield Opportunities (NYSE:SDHY) » Definitions » Net-Net Working Capital
Comparable Companies
EAD THW GBAB ETB MVF MUA EVN FFA NQP DFP BLK KKR BX TSX:BAM OSTO:INVE A TSX:BN APO LSE:III AMP ARES
Traded in Other Exchanges
N/A
Address
655 Broad Street, 6th Floor, Newark, NJ, USA, 07102
Website
https://www.pgim.com
PGIM Short Duration High Yield Opportunities is a closed-end management investment company. The fund's investment objective is to provide total return, through a combination of current income and capital appreciation. Its seeks to achieve its objective by investing in a diversified portfolio of high yield fixed income instruments.
Executives
Robert Cignarella other: Portfolio Manager 100 MULBERRY STREET, NEWARK NJ 07102
Barry H Evans director C/O PGIM INVESTMENTS, 655 BROAD STREET, NEWARK NJ 07102
Andrew Donohue officer: Chief Compliance Officer 655 BROAD STREET, NEWARK NJ 07102
Brian J Lalli other: Portfolio Manager 655 BROAD STREET, NEWARK NJ 07102
Robert Mccormack officer: Assistant Treasurer 655 BROAD ST., NEWARK NJ 07102
Michael Lillard other: Head of PGIM Fixed Income/CIO 655 BROAD STREET, NEWARK NJ 07102
Isabelle Sajous officer: Chief Compliance Officer 655 BROAD ST., NEWARK NJ 07102
Michael Joseph Gormally other: Portfolio Manager 655 BROAD STREET, NEWARK NJ 07102
Daniel T Thorogood other: Portfolio Manager PGIM, INC., 655 BROAD STREET, NEWARK NJ 07102
Gregory J Peters other: Co-Chief Investment Officer 655 BROAD STREET, NEWARK NJ 07102
Craig C Dewling other: Co-Chief Investment Officer 655 BROAD STREET, NEWARK NJ 07102
Debra Rubano officer: Assistant Secretary 655 BROAD STREET, PRUDENTIAL TOWER SOUTH, NEWARK NJ 07102
Brian Clapp other: Portfolio Manager 100 MULBERRY STREET, NEWARK NJ 07102
Richard Greenwood other: Investment Professional 2 GATEWAY CENTER, NEWARK NJ 07102
Robert Spano other: Portfolio Manager 2 GATEWAY CENTER, NEWARK NJ 07102