Nuveen Dynamic Municipal Opportunities (Nuveen Dynamic Municipal Opportunities) Net-Net Working Capital : $-4.64 (As of Oct. 2023)

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What is Nuveen Dynamic Municipal 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.

Nuveen Dynamic Municipal Opportunities's Net-Net Working Capital for the quarter that ended in Oct. 2023 was $-4.64.

The industry rank for Nuveen Dynamic Municipal Opportunities's Net-Net Working Capital or its related term are showing as below:

NDMO's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Asset Management industry.
Industry Median: 6.38
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Nuveen Dynamic Municipal Opportunities Net-Net Working Capital Historical Data

The historical data trend for Nuveen Dynamic Municipal 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.

Nuveen Dynamic Municipal Opportunities Net-Net Working Capital Chart

Nuveen Dynamic Municipal Opportunities Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Net-Net Working Capital

-1.46

-8.10

-3.35

-4.64

Nuveen Dynamic Municipal Opportunities Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Net-Net Working Capital	Get a 7-Day Free Trial			-8.10	-7.20	-3.35	-4.06	-4.64

Competitive Comparison of Nuveen Dynamic Municipal Opportunities's Net-Net Working Capital

For the Asset Management subindustry, Nuveen Dynamic Municipal 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.

Nuveen Dynamic Municipal Opportunities's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Dynamic Municipal Opportunities's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Nuveen Dynamic Municipal Opportunities's Price-to-Net-Net-Working-Capital falls into.

Nuveen Dynamic Municipal Opportunities Net-Net Working Capital Calculation

Nuveen Dynamic Municipal Opportunities's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Oct. 2023 is calculated as

	Net-Net Working Capital		(A: Oct. 2023 )
=	(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)
=	(0.981	+	0	+	0.75 * 0	+	0.5 * 0	-	277.607
-	0	-	0)	/	59.5622
=	-4.64

Nuveen Dynamic Municipal Opportunities's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2023 is calculated as

	Net-Net Working Capital		(Q: Oct. 2023 )
=	(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)
=	(0.981	+	0	+	0.75 * 0	+	0.5 * 0	-	277.607
-	0	-	0)	/	59.5622
=	-4.64

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.

Nuveen Dynamic Municipal Opportunities (NYSE:NDMO) 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.

Nuveen Dynamic Municipal Opportunities Net-Net Working Capital Related Terms

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

Nuveen Dynamic Municipal Opportunities (Nuveen Dynamic Municipal Opportunities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Dynamic Municipal Opportunities (NYSE:NDMO) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 West Wacker Drive, Chicago, IL, USA, 60606

Website

https://www.nuveen.com

Nuveen Dynamic Municipal Opportunities is a closed-end management investment company. The investment objective of the Fund is to seek total return through income exempt from regular federal income taxes and capital appreciation.

Executives

Trey Iii Stenersen	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Toronto Dominion Investments, Inc.	10 percent owner	909 FANIN, SUITE 1950, HOUSTON TX 77010
Toronto Dominion Holdings Usa Inc	10 percent owner	40 WALL STREET, NEW YORK NY 10003
Dominion Bank Toronto	10 percent owner	66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Td Group Us Holdings Llc	10 percent owner	251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Brett Black	officer: Chief Compliance Officer	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
John M. Mccann	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Joanne Medero	other: Trustee	333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r.	other: Trustee	333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Matthew Iii Thornton	other: Trustee	3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Michael S. Hamilton	other: Portfolio Manager	C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, CHICAGO IL 60606
Christopher L Drahn	other: Portfolio Manager	800 NICOLLET MALL, MAIL STOP BC-MN-H21C, MINNEAPOLIS MN 55402
Judith M Stockdale	other: Trustee	333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Paul L Brennan	other: Portfolio Manager	333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Gifford R Zimmerman	officer: Vice President & Secretary	333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606