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Westell Technologies (Westell Technologies) Net-Net Working Capital

: $1.90 (As of Sep. 2023)
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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.

Westell Technologies's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $1.90.

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

WSTL's Price-to-Net-Net-Working-Capital is ranked better than
98.2% of 1221 companies
in the Hardware industry
Industry Median: 6.37 vs WSTL: 0.74

Westell Technologies Net-Net Working Capital Historical Data

The historical data trend for Westell 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.

Westell Technologies Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Net-Net Working Capital
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 1.97 1.81 1.37 1.15

Westell Technologies Semi-Annual Data
Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep22 Sep23
Net-Net Working Capital 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 Premium Member Only Premium Member Only Premium Member Only 1.37 1.17 1.15 - 1.90

Competitive Comparison

For the Communication Equipment subindustry, Westell 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.


Westell Technologies Price-to-Net-Net-Working-Capital Distribution

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

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



Westell Technologies Net-Net Working Capital Calculation

Westell Technologies's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2021 is calculated as

Net-Net Working Capital(A: Mar. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16.884+0.75 * 4.492+0.5 * 4.939-10.093
-0-0)/11.0056
=1.15

Westell Technologies'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16.066+0.75 * 8.619+0.5 * 9.806-5.077
-0-0)/11.739
=1.90

* 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.


Westell Technologies  (OTCPK:WSTL) 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.


Westell Technologies Net-Net Working Capital Related Terms

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Westell Technologies (Westell Technologies) Business Description

Traded in Other Exchanges
N/A
Address
750 North Commons Drive, Aurora, IL, USA, 60504
Westell Technologies Inc is a provider of wireless network infrastructure solutions. It is organized into the following operating segments, In-Building Wireless (IBW), Intelligent Site Management (ISM), and Communications Network Solutions (CNS). IBW segment solutions enable cellular and public safety coverage in stadiums, arenas, malls, buildings, and other indoor areas not served well or at all by the existing macro outdoor cellular network. ISM segment solutions include a suite of remote units, which provide machine-to-machine communications that enable operators to remotely monitor, manage, and control physical site infrastructure and support systems. The majority of revenue is derived from the CNS segment Geographically, it derives a majority of revenue from the USA.
Executives
Cary B Wood director 425 NORTH MARTINGALE ROAD, SUITE 1000, SCHAUMBURG IL 60173
Mark A Zorko director 9265 FAWN LAKE DR, RALEIGH NC 27617
Penny Robert C Iii director, 10 percent owner 750 NORTH COMMONS DRIVE AURORA IL 60504
Scott C Chandler director 9635 MAROON CIRCLE SUITE 400 ENGLEWOOD CO 80112
Robert W Foskett director, 10 percent owner 750 NORTH COMMONS DRIVE AURORA IL 60504
Kirk R Brannock director 750 NORTH COMMONS DRIVE AURORA IL 60504
Timothy L Duitsman director, officer: President & CEO 750 N COMMONS DR AURORA IL 60504
Jeniffer L Jaynes officer: Interim CFO 750 N COMMONS DRIVE AURORA IL 60504
Jesse Swartwood officer: SVP, Worldwide Sales 750 N. COMMONS DRIVE AURORA IL 60504
Alfred S John officer: President & CEO 750 N COMMONS DRIVE AURORA IL 60504
Thomas P. Minichiello officer: SVP,CFO,Treasurer,Secretary 750 N. COMMONS DRIVE, AURORA IL 60504
Dennis O Harris director 750 NORTH COMMONS DRIVE AURORA IL 60504
Matthew B Brady officer: President & CEO 750 N COMMONS DR, AURORA IL 60504
Michael T Moran officer: SVP, IBW 750 N COMMONS DRIVE AURORA IL 60504
Jeannie Diefenderfer director C/O MRV COMMUNICATIONS, INC., 20415 NORDHOFF STREET, CHATSWORTH CA 91311