PIMCO Tacticalome Fund (TSX:PTI.UN) Net-Net Working Capital : C$-3.76 (As of Dec. 2023)

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What is PIMCO Tacticalome 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.

PIMCO Tacticalome Fund's Net-Net Working Capital for the quarter that ended in Dec. 2023 was C$-3.76.

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

TSX:PTI.UN's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Asset Management industry.
Industry Median: 6.37
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

PIMCO Tacticalome Fund Net-Net Working Capital Historical Data

The historical data trend for PIMCO Tacticalome 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.

PIMCO Tacticalome Fund Net-Net Working Capital Chart

PIMCO Tacticalome Fund Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Net-Net Working Capital

-5.53

-6.47

-4.19

-3.76

PIMCO Tacticalome Fund Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net-Net Working Capital	Get a 7-Day Free Trial			-6.47	-7.48	-4.19	-4.65	-3.76

Competitive Comparison of PIMCO Tacticalome Fund's Net-Net Working Capital

For the Asset Management subindustry, PIMCO Tacticalome 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.

PIMCO Tacticalome Fund's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where PIMCO Tacticalome Fund's Price-to-Net-Net-Working-Capital falls into.

PIMCO Tacticalome Fund Net-Net Working Capital Calculation

PIMCO Tacticalome Fund's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

	Net-Net Working Capital		(A: Dec. 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)
=	(6.603	+	0	+	0.75 * 0	+	0.5 * 0	-	147.989
-	0	-	0)	/	37.62
=	-3.76

PIMCO Tacticalome Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

	Net-Net Working Capital		(Q: Dec. 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)
=	(6.603	+	0	+	0.75 * 0	+	0.5 * 0	-	147.989
-	0	-	0)	/	37.62
=	-3.76

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.

PIMCO Tacticalome Fund (TSX:PTI.UN) 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.

PIMCO Tacticalome Fund Net-Net Working Capital Related Terms

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PIMCO Tacticalome Fund (TSX:PTI.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PIMCO Tactical Income Fund (TSX:PTI.UN) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Bay Street, Commerce Court West, Suite 2050, Toronto, ON, CAN, M5L1G2

Website

https://www.pimco.ca

PIMCO Tactical Income Fund is a closed-end investment fund company. The Fund's investment objectives are to provide unitholders with current income as the primary objective and capital appreciation as a secondary objective, through various market cycles, by utilizing a dynamic asset allocation among multiple sectors in various credit markets, including corporate debt, mortgage-related, and other asset-backed securities, government and sovereign debt, taxable municipal bonds, other fixed-, variable- and floating-rate income-producing securities of U.S. and various issuers, including emerging market issuers, and real estate-related investments.

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