GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tcw Strategic Income Fund Inc (NYSE:TSI) » Definitions » Net-Net Working Capital

TSI (Tcw Strategicome Fund) Net-Net Working Capital : $-0.98 (As of Dec. 2024)


View and export this data going back to . Start your Free Trial

What is Tcw Strategicome Fund 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.

Tcw Strategicome Fund's Net-Net Working Capital for the quarter that ended in Dec. 2024 was $-0.98.

The industry rank for Tcw Strategicome Fund's Net-Net Working Capital or its related term are showing as below:

TSI's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 7.05
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Tcw Strategicome Fund Net-Net Working Capital Historical Data

The historical data trend for Tcw Strategicome Fund'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.

Tcw Strategicome Fund Net-Net Working Capital Chart

Tcw Strategicome Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial -0.96 -1.48 -1.23 -1.35 -0.98

Tcw Strategicome Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -1.23 -1.38 -1.35 -0.93 -0.98

Competitive Comparison of Tcw Strategicome Fund's Net-Net Working Capital

For the Asset Management subindustry, Tcw Strategicome Fund'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.


Tcw Strategicome Fund's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where Tcw Strategicome Fund's Price-to-Net-Net-Working-Capital falls into.


;
;

Tcw Strategicome Fund Net-Net Working Capital Calculation

Tcw Strategicome Fund's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 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)
=(0.009+0+0.75 * 0+0.5 * 0-46.802
-0-0)/47.785
=-0.98

Tcw Strategicome Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2024 is calculated as

Net-Net Working Capital(Q: Dec. 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)
=(0.009+0+0.75 * 0+0.5 * 0-46.802
-0-0)/47.785
=-0.98

* 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.


Tcw Strategicome Fund  (NYSE:TSI) 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.


Tcw Strategicome Fund Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Tcw Strategicome Fund's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Tcw Strategicome Fund Business Description

Traded in Other Exchanges
N/A
Address
515 South Flower Street, Los Angeles, CA, USA, 90071
Tcw Strategic Income Fund Inc operates as a closed-end management investment company. Its investment objective is to seek a total return comprised of current income and capital appreciation by investing in a wide range of securities. The company invests in a range of industries, such as airlines, banks, beverages, biotechnology, chemicals, computers, diversified financial services, entertainment and others.
Executives
Andrew Tarica director C/O TCW INVESTMENT MANAGEMENT COMPANY, 865 S. FIGUEROA ST., STE 1800, LOS ANGELES CA 90017
Mitch Flack officer: Portfolio Manager C/O TCW INVESTMENT MANAGEMENT COMPANY, 865 S. FIGUEROA ST., SUITE 1800, LOS ANGELES CA 90017
Laird Landmann officer: Portfolio Manager 865 S. FIGUEROA ST, SUITE 1800, LOS ANGELES CA 90017
Robert Gerald Rooney director 865 SOUTH FIGUEROA ST, SUITE 1800, LOS ANGELES CA 90017
Peter Mcmillan director
Steve Kane officer: Portfolio Manager C/O TCW INVESTMENT MANAGEMENT COMPANY, 865 S. FIGUEROA ST., SUITE 1800, LOS ANGELES CA 90017
Lisa E Eisen officer: Tax Officer 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
Jeffrey A Engelsman officer: Chief Compliance Officer 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
Tad Rivelle officer: Portfolio Manager C/O TCW INVESTMENT MANAGEMENT COMPANY, 865 S. FIGUEROA ST., SUITE 1800, LOS ANGELES CA 90017
Victoria B Rogers director C/O TCW INVESTMENT MANAGEMENT COMPANY, 865 SOUTH FIGUEROA STREET SUITE 1800, LOS ANGELES CA 90017
Charles A Parker director
Samuel P Bell director 865 S. FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
David Lippman director 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
Richard Villa officer: Treasurer 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
John A Gavin director

Tcw Strategicome Fund Headlines

From GuruFocus

TCW Strategic Income Fund Announces Year End Distribution

By Business Wire Business Wire 12-17-2021

TCW Strategic Income Fund Announces Quarterly Distribution

By Business Wire Business Wire 06-16-2021

TCW Strategic Income Fund Announces Quarterly Distribution

By Business Wire Business Wire 03-17-2023

TCW Strategic Income Fund Announces Year End Distribution

By Business Wire Business Wire 12-18-2020

TCW Strategic Income Fund Announces Year End Distribution

By Business Wire Business Wire 12-16-2022

TCW Strategic Income Fund Announces Quarterly Distribution

By Business Wire Business Wire 03-17-2022

TCW Strategic Income Fund Announces Quarterly Distribution

By Business Wire Business Wire 06-17-2020