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Templeton Emerging Markets Inv Tr (LSE:TEM) Net-Net Working Capital : £0.01 (As of Sep. 2023)


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What is Templeton Emerging Markets Inv Tr 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.

Templeton Emerging Markets Inv Tr's Net-Net Working Capital for the quarter that ended in Sep. 2023 was £0.01.

The industry rank for Templeton Emerging Markets Inv Tr's Net-Net Working Capital or its related term are showing as below:

LSE:TEM's Price-to-Net-Net-Working-Capital is ranked worse than
95.8% of 524 companies
in the Asset Management industry
Industry Median: 6.635 vs LSE:TEM: 164.00

Templeton Emerging Markets Inv Tr Net-Net Working Capital Historical Data

The historical data trend for Templeton Emerging Markets Inv Tr'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.

Templeton Emerging Markets Inv Tr Net-Net Working Capital Chart

Templeton Emerging Markets Inv Tr Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.04 -0.01 -0.02 -0.03 0.01

Templeton Emerging Markets Inv Tr Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.07 -0.03 - 0.01 0.01

Competitive Comparison of Templeton Emerging Markets Inv Tr's Net-Net Working Capital

For the Asset Management subindustry, Templeton Emerging Markets Inv Tr'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.


Templeton Emerging Markets Inv Tr's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Templeton Emerging Markets Inv Tr's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Templeton Emerging Markets Inv Tr's Price-to-Net-Net-Working-Capital falls into.



Templeton Emerging Markets Inv Tr Net-Net Working Capital Calculation

Templeton Emerging Markets Inv Tr's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 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)
=(132.988+0+0.75 * 0+0.5 * 0-116.146
-0-0)/1159.14
=0.01

Templeton Emerging Markets Inv Tr's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 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)
=(130.722+0+0.75 * 0+0.5 * 0-115.8
-0-0)/1135.28
=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.


Templeton Emerging Markets Inv Tr  (LSE:TEM) 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.


Templeton Emerging Markets Inv Tr Net-Net Working Capital Related Terms

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Templeton Emerging Markets Inv Tr (LSE:TEM) Business Description

Traded in Other Exchanges
Address
5 Morrison Street, Edinburgh, Midlothian, GBR, EH3 8BH
Templeton Emerging Markets Inv Tr PLC is one of the leading emerging markets investment trusts based in the UK. It invests in companies from sectors like Financials, Telecom, Health Care, Industrials and Utilities. Majority of its investment is dedicated to Unilever, which is a UK based consumer products company having a global footprint. The company also has holdings in countries like China/Hong Kong, South Korea, Taiwan, Russia, Brazil, India, South Africa, Thailand, Greece, Egypt, United States, Mexico, Cambodia, Peru, Hungary, Kenya, Pakistan, Czech Republic, Argentina, Philippines, Indonesia, and Nigeria.

Templeton Emerging Markets Inv Tr (LSE:TEM) Headlines

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