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Qualtec Co (TSE:9165) Net-Net Working Capital : 円396.08 (As of Jun. 2023)


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What is Qualtec Co 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.

Qualtec Co's Net-Net Working Capital for the quarter that ended in Jun. 2023 was 円396.08.

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

TSE:9165's Price-to-Net-Net-Working-Capital is ranked better than
62.08% of 385 companies
in the Business Services industry
Industry Median: 5.83 vs TSE:9165: 4.14

Qualtec Co Net-Net Working Capital Historical Data

The historical data trend for Qualtec Co'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.

Qualtec Co Net-Net Working Capital Chart

Qualtec Co Annual Data
Trend Jun21 Jun22 Jun23
Net-Net Working Capital
133.00 378.73 396.08

Qualtec Co Semi-Annual Data
Jun21 Jun22 Jun23
Net-Net Working Capital 133.00 378.73 396.08

Competitive Comparison of Qualtec Co's Net-Net Working Capital

For the Specialty Business Services subindustry, Qualtec Co'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.


Qualtec Co's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Qualtec Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Qualtec Co Net-Net Working Capital Calculation

Qualtec Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2023 is calculated as

Net-Net Working Capital(A: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1263.497+0.75 * 540.608+0.5 * 118.459-797.403
-0-0)/2.35
=396.08

Qualtec Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2023 is calculated as

Net-Net Working Capital(Q: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1263.497+0.75 * 540.608+0.5 * 118.459-797.403
-0-0)/2.35
=396.08

* 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.


Qualtec Co  (TSE:9165) 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.


Qualtec Co Net-Net Working Capital Related Terms

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Qualtec Co (TSE:9165) Business Description

Traded in Other Exchanges
N/A
Address
4-230 Sanbo-cho, Sakai-ku Sakai-shi, Osaka, JPN, 590-0906
Qualtec Co Ltd Provides failure analysis and reliability testing of electronic components and is also engaged in the development and sale of testing equipment; fine processing of electronic components; Microfabrication centered on laser processing and surface treatment (plating) technology etc.

Qualtec Co (TSE:9165) Headlines

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