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Maxwell Technologies (Maxwell Technologies) Net-Net Working Capital : $-0.13 (As of Mar. 2019)


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What is Maxwell Technologies 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.

Maxwell Technologies's Net-Net Working Capital for the quarter that ended in Mar. 2019 was $-0.13.

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

MXWL's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 6.41
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Maxwell Technologies Net-Net Working Capital Historical Data

The historical data trend for Maxwell Technologies'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.

Maxwell Technologies Net-Net Working Capital Chart

Maxwell Technologies Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.74 0.52 -0.65 0.36

Maxwell Technologies Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 -0.49 -0.77 -0.33 0.36 -0.13

Competitive Comparison of Maxwell Technologies's Net-Net Working Capital

For the Electronic Components subindustry, Maxwell Technologies'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.


Maxwell Technologies's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Maxwell Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Maxwell Technologies Net-Net Working Capital Calculation

Maxwell Technologies's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2018 is calculated as

Net-Net Working Capital(A: Dec. 2018 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(58.028+0.75 * 19.966+0.5 * 33.645-73.14
-0-0)/45.9962
=0.36

Maxwell Technologies's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2019 is calculated as

Net-Net Working Capital(Q: Mar. 2019 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(48.128+0.75 * 18.153+0.5 * 36.886-85.942
-0-0)/46.0085
=-0.13

* 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.


Maxwell Technologies  (NAS:MXWL) 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.


Maxwell Technologies Net-Net Working Capital Related Terms

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Maxwell Technologies (Maxwell Technologies) Business Description

Traded in Other Exchanges
N/A
Address
3888 Calle Fortunada, San Diego, CA, USA, 92123
Maxwell Technologies Inc is a part of the electronic components industry. It engaged in developing, manufacturing and marketing energy storage and power delivery solutions for automotive, heavy transportation, renewable energy, backup power, wireless communications and industrial and consumer electronics applications. Maxwell products are designed and built to provide failure-free performance for the life of the most demanding applications. The company is committed to providing cost-effective, energy-efficient, environmentally-conscious energy storage and power delivery solutions.
Executives
Rick Bergman director C/O ADVANCED MICRO DEVICES, INC., 2485 AUGUSTINE DRIVE, SANTA CLARA CA 95054
John Mutch director C/O PEREGRINE SYSTEMS, INC., 3611 VALLEY CENTRE DRIVE, SAN DIEGO CA 92130
David Lyle officer: Chief Financial Officer 6290 SEQUENCE DRIVE, SAN DIEGO CA 92121
Steven J Bilodeau director C/O COHU, INC., 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Franz Fink director, officer: Chief Executive Officer C/O FREESCALE SEMICONDUCTOR, INC., 6501 WILLIAM CANNON DRIVE WEST, AUSTIN TX 78735
David L Schlotterbeck director 10221 WATERIDGE CIRCLE, SAN DIEGO CA 92121
Yon Jorden director 750 WEST JOHN CARPENTER FREEWAY, SUITE 1200, IRVING TX 75039
Mark Rossi director
Christopher Humphrey officer: VP of Marketing and Bus. Dev. 15353 BARRANCA PARKWAY, IRVINE CA 92618
Kevin Royal officer: Chief Financial Officer
John Warwick officer: Chief Operating Officer EMULEX CORPORATION, 3333 SUSAN STREET, COSTA MESA CA 92626
David Schramm director, officer: CEO and President C/O MAXWELL TECHNOLOGIES, INC., 9244 BALBOA AVENUE, SAN DIEGO CA 92123
George Iii Kreigler officer: Sr. VP Worldwide Operations
Thomas L Ringer director C/O CALIFORNIA AMPLLIFIER INC, 460 CALLE SAN PABLO, CAMARILLO CA 93012
Tesfaye Hailemichael officer: Chief Financial Officer C/O MITEK SYSTEMS, INC., 8911 BALBOA AVENUE SUITE B, SAN DIEGO CA 92123

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