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Uranium Focused Energy Fund (Uranium Focused Energy Fund) Net-Net Working Capital : $0.01 (As of Dec. 2012)


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What is Uranium Focused Energy 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.

Uranium Focused Energy Fund's Net-Net Working Capital for the quarter that ended in Dec. 2012 was $0.01.

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

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

Uranium Focused Energy Fund Net-Net Working Capital Historical Data

The historical data trend for Uranium Focused Energy 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.

Uranium Focused Energy Fund Net-Net Working Capital Chart

Uranium Focused Energy Fund Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Net-Net Working Capital
Get a 7-Day Free Trial -0.07 0.23 -0.43 -0.23 0.01

Uranium Focused Energy Fund Semi-Annual Data
Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.39 0.10 -0.12 0.17 0.01

Competitive Comparison of Uranium Focused Energy Fund's Net-Net Working Capital

For the subindustry, Uranium Focused Energy 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.


Uranium Focused Energy Fund's Price-to-Net-Net-Working-Capital Distribution in the Industry

For the industry and sector, Uranium Focused Energy Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Uranium Focused Energy Fund's Price-to-Net-Net-Working-Capital falls into.



Uranium Focused Energy Fund Net-Net Working Capital Calculation

Uranium Focused Energy Fund's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2012 is calculated as

Net-Net Working Capital(A: Dec. 2012 )
=(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)
=(2.231+0+0.75 * 0+0.5 * 0-2.113
-0-0)/10.699
=0.01

Uranium Focused Energy Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2012 is calculated as

Net-Net Working Capital(Q: Dec. 2012 )
=(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)
=(2.231+0+0.75 * 0+0.5 * 0-2.113
-0-0)/21.704
=0.01

* 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.


Uranium Focused Energy Fund  (OTCPK:UFEFF) 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.


Uranium Focused Energy Fund Net-Net Working Capital Related Terms

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Uranium Focused Energy Fund (Uranium Focused Energy Fund) Business Description

Traded in Other Exchanges
N/A
Address
Uranium Focused Energy Fund is a closed-end investment trust established under the laws of the Province of Alberta. Middlefield Limited is the trustee and manager of the Fund. Middlefield Capital Corporation, a company under common control with the Manager, is the advisor to the Fund. The Fund invests in securities of issuers that operate in or have exposure to the uranium sector, supplemented with securities of other energy related issuers that operate in or have exposure to the energy sector. The investment objectives of the Fund are to achieve capital appreciation of the Portfolio over the life of the Fund and pay quarterly distributions to Unitholders.

Uranium Focused Energy Fund (Uranium Focused Energy Fund) Headlines

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