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Utility Split Trust (TSX:UST.PR.B.PFD) Net-Net Working Capital : C$0.00 (As of Jun. 2016)


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What is Utility Split 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.

Utility Split Trust's Net-Net Working Capital for the quarter that ended in Jun. 2016 was C$0.00.

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

TSX:UST.PR.B.PFD's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.585
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Utility Split Trust Net-Net Working Capital Historical Data

The historical data trend for Utility Split 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.

Utility Split Trust Net-Net Working Capital Chart

Utility Split Trust Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
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Utility Split Trust Semi-Annual Data
Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16
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Competitive Comparison of Utility Split Trust's Net-Net Working Capital

For the Asset Management subindustry, Utility Split 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.


Utility Split Trust's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

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



Utility Split Trust Net-Net Working Capital Calculation

Utility Split Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2015 is calculated as

Net-Net Working Capital(A: Dec. 2015 )
=(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)
=(5.081+14.274+0.75 * 0+0.5 * 0-7.646
-0-0)/0
=N/A

Utility Split Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2016 is calculated as

Net-Net Working Capital(Q: Jun. 2016 )
=(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)
=(3.834+14.099+0.75 * 0+0.5 * 0-6.545
-0-0)/0
=N/A

* 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.


Utility Split Trust  (TSX:UST.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.


Utility Split Trust Net-Net Working Capital Related Terms

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Utility Split Trust (TSX:UST.PR.B.PFD) Business Description

Traded in Other Exchanges
N/A
Address
Utility Split Trust was formed on October 24, 2006 and is domiciled in Canada. It is a close ended equity mutual fund of fund launched by First Asset Fund Inc. The fund is managed by First Asset Investment Management Inc. It invests in funds investing in the public equity markets. The fund also makes direct investments in the public equity markets. It seeks to invest in stocks of companies engaged in the utilities sector.

Utility Split Trust (TSX:UST.PR.B.PFD) Headlines

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