GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Westport Fuel Systems Inc (NAS:WPRT) » Definitions » Net-Net Working Capital
中文

Westport Fuel Systems (Westport Fuel Systems) Net-Net Working Capital : $-2.59 (As of Dec. 2023)


View and export this data going back to 2008. Start your Free Trial

What is Westport Fuel Systems 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.

Westport Fuel Systems's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-2.59.

The industry rank for Westport Fuel Systems's Net-Net Working Capital or its related term are showing as below:

WPRT's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.84
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Westport Fuel Systems Net-Net Working Capital Historical Data

The historical data trend for Westport Fuel Systems'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.

Westport Fuel Systems Net-Net Working Capital Chart

Westport Fuel Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.55 -6.36 -0.05 -0.86 -2.59

Westport Fuel Systems Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.86 -1.48 -1.19 -2.19 -2.59

Competitive Comparison of Westport Fuel Systems's Net-Net Working Capital

For the Auto Parts subindustry, Westport Fuel Systems'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.


Westport Fuel Systems's Price-to-Net-Net-Working-Capital Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Westport Fuel Systems's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Westport Fuel Systems's Price-to-Net-Net-Working-Capital falls into.



Westport Fuel Systems Net-Net Working Capital Calculation

Westport Fuel Systems'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(54.75+0.75 * 83.175+0.5 * 67.53-195.3
-0-0)/17.1745
=-2.59

Westport Fuel Systems'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(54.75+0.75 * 83.175+0.5 * 67.53-195.3
-0-0)/17.1745
=-2.59

* 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.


Westport Fuel Systems  (NAS:WPRT) 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.


Westport Fuel Systems Net-Net Working Capital Related Terms

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


Westport Fuel Systems (Westport Fuel Systems) Business Description

Traded in Other Exchanges
Address
1750 West 75th Avenue, Suite 101, Vancouver, BC, CAN, V6P 6G2
Westport Fuel Systems Inc is an organization engaged in the engineering, manufacturing, and supply of alternative fuel systems and components for transportation applications. It has three operating segments; the Original Equipment Manufacturers segment-design, manufacture, and sell alternative fuel systems, components and electronics, and related engineering services, to OEMs that serve light-duty, medium-duty, and heavy-duty customers, the Independent Aftermarket segment includes IAM products, conversion kits, and components allow for the conversion of vehicles after being sold to the end-user through a network of dealers and installers, and Corporate includes public company activities, corporate oversight, financing, and capital allocation.
Executives
Eileen Wheatman director 125 EAST SIR FRANCIS DRAKE BLVD., STE 400, LARKSPUR CA 94939
Kevin Douglas 10 percent owner, other: 13(d)(3) group 300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
Douglas Family Trust 10 percent owner, other: 13(d)(3) group 300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
James & Jean Douglas Irrevocable Descendants Trust 10 percent owner, other: 13(d)(3) group 300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
Douglas James E Iii 10 percent owner, other: 13(d)(3) group 300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
Peter Yu director C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Kgd 2010 Annuity Trust V 10 percent owner, other: 13(d)(3) group 125 E. SIR FRANCIS DRAKE BLVD, STE 400, LARKSPUR CA 93939
Mmd 2010 Annuity Trust V 10 percent owner, other: 13(d)(3) group 125 E. SIR FRANCIS DRAKE BLVD, STE 400, LARKSPUR CA 93939