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Cypress Semiconductor (Cypress Semiconductor) Net-Net Working Capital : $-1.78 (As of Dec. 2019)


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What is Cypress Semiconductor 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.

Cypress Semiconductor's Net-Net Working Capital for the quarter that ended in Dec. 2019 was $-1.78.

The industry rank for Cypress Semiconductor's Net-Net Working Capital or its related term are showing as below:

CY's Price-to-Net-Net-Working-Capital is not ranked *
in the Semiconductors industry.
Industry Median: 8.06
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Cypress Semiconductor Net-Net Working Capital Historical Data

The historical data trend for Cypress Semiconductor'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.

Cypress Semiconductor Net-Net Working Capital Chart

Cypress Semiconductor Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.15 -4.53 -3.44 -2.50 -1.78

Cypress Semiconductor Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 -2.50 -2.37 -2.18 -2.06 -1.78

Competitive Comparison of Cypress Semiconductor's Net-Net Working Capital

For the Semiconductors subindustry, Cypress Semiconductor'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.


Cypress Semiconductor's Price-to-Net-Net-Working-Capital Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Cypress Semiconductor's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Cypress Semiconductor's Price-to-Net-Net-Working-Capital falls into.



Cypress Semiconductor Net-Net Working Capital Calculation

Cypress Semiconductor's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2019 is calculated as

Net-Net Working Capital(A: Dec. 2019 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(415.462+0.75 * 301.755+0.5 * 297.904-1455.859
-0-0)/372.704
=-1.78

Cypress Semiconductor's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2019 is calculated as

Net-Net Working Capital(Q: Dec. 2019 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(415.462+0.75 * 301.755+0.5 * 297.904-1455.859
-0-0)/372.704
=-1.78

* 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.


Cypress Semiconductor  (NAS:CY) 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.


Cypress Semiconductor Net-Net Working Capital Related Terms

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Cypress Semiconductor (Cypress Semiconductor) Business Description

Traded in Other Exchanges
N/A
Address
198 Champion Court, San Jose, CA, USA, 95134
Cypress Semiconductor is a provider of advanced embedded systems used in a variety of markets, including industrial, consumer, data communications, and automotive.
Executives
Camillo Martino director 60 SOUTH MARKET STREET, STE 750, SAN JOSE CA 95113
Catherine P Lego director C/O GUIDEWIRE SOFTWARE, INC., 970 PARK PL, SUITE 200, SAN MATEO CA 94403
Michael S Wishart director SPANSION INC., 915 DEGUIGNE DRIVE, SUNNYVALE CA 94085-3836
W Steve Albrecht director 3901 NO FIRST ST, SAN JOSE CA 95134
Jeannine P Sargent director C/O VEECO INSTRUMENTS INC., 100 SUNNYSIDE BOULEVARD SUITE B, WOODBURY NY 11797
Pamela L. Tondreau officer: EVP, Chief Legal Officer & HR 198 CHAMPION COURT, SAN JOSE CA 95134
Jeffrey J Owens director 5725 DELPHI DRIVE, TROY MI 48098
J Daniel Mccranie director C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Eric Benhamou director 350 CAMPUS DRIVE, MARLBOROUGH MA 01752
H Raymond Bingham director, officer: Executive Chairman 2655 SEELY AVE, SAN JOSE CA 95134
Thurman J Rodgers director 535 EASTVIEW WAY, WOODSIDE CA 94062
John H Kispert director
Mao Robert Yu Lang director 2218 JACKSON AVENUE, APT 718, LONG ISLAND NY 11101
J Donald Sherman director C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Badrinarayanan Kothandaraman officer: Executive Vice President ENPHASE ENERGY INC., 1420 NORTH MCDOWELL BLVD, PETALUMA CA 94954