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US Financial 15 Split (TSX:FTU.PR.B.PFD) Net-Net Working Capital : C$0.00 (As of Nov. 2022)


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What is US Financial 15 Split 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.

US Financial 15 Split's Net-Net Working Capital for the quarter that ended in Nov. 2022 was C$0.00.

The industry rank for US Financial 15 Split's Net-Net Working Capital or its related term are showing as below:

TSX:FTU.PR.B.PFD's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.45
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

US Financial 15 Split Net-Net Working Capital Historical Data

The historical data trend for US Financial 15 Split'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.

US Financial 15 Split Net-Net Working Capital Chart

US Financial 15 Split Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Net-Net Working Capital
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US Financial 15 Split Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 Nov23
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Competitive Comparison of US Financial 15 Split's Net-Net Working Capital

For the Asset Management subindustry, US Financial 15 Split'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.


US Financial 15 Split's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, US Financial 15 Split's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where US Financial 15 Split's Price-to-Net-Net-Working-Capital falls into.



US Financial 15 Split Net-Net Working Capital Calculation

US Financial 15 Split's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Nov. 2023 is calculated as

US Financial 15 Split's Net-Net Working Capital (NNWC) per share for the quarter that ended in Nov. 2022 is calculated as

* 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.


US Financial 15 Split  (TSX:FTU.PR.B.PFD) 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.


US Financial 15 Split Net-Net Working Capital Related Terms

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US Financial 15 Split (TSX:FTU.PR.B.PFD) Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
US Financial 15 Split Corp is an investment company. It is an independent investment management firm that is focused on the creation and management of enhanced yield products for retail investors. Its products consist of income financial trust, m-split corp, commerce split corp, and others. The company offers two types of shares that are preferred shares and class A shares.

US Financial 15 Split (TSX:FTU.PR.B.PFD) Headlines

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