GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Preferred Plus Trust (NYSE:PJS.PFD) » Definitions » Net-Net Working Capital

Preferred Plus Trust (Preferred Plus Trust) Net-Net Working Capital : $0.00 (As of . 20)


View and export this data going back to 2002. Start your Free Trial

What is Preferred Plus 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.

Preferred Plus Trust's Net-Net Working Capital for the quarter that ended in . 20 was $0.00.

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

PJS.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.

Preferred Plus Trust Net-Net Working Capital Historical Data

The historical data trend for Preferred Plus 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.

Preferred Plus Trust Net-Net Working Capital Chart

Preferred Plus Trust Annual Data
Trend
Net-Net Working Capital

Preferred Plus Trust Quarterly Data
Net-Net Working Capital

Competitive Comparison of Preferred Plus Trust's Net-Net Working Capital

For the Asset Management subindustry, Preferred Plus 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.


Preferred Plus Trust's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

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



Preferred Plus Trust Net-Net Working Capital Calculation

Preferred Plus Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in . 20 is calculated as

Preferred Plus Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in . 20 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.


Preferred Plus Trust  (NYSE:PJS.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.


Preferred Plus Trust Net-Net Working Capital Related Terms

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


Preferred Plus Trust (Preferred Plus Trust) Business Description

Traded in Other Exchanges
N/A
Address
One Bryant Park, 4th Floor, New York, NY, USA, 10036
Pplus Trust Series RRD-1 is a trust company.

Preferred Plus Trust (Preferred Plus Trust) Headlines

No Headlines