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Resonant (Resonant) Net-Net Working Capital : $0.12 (As of Dec. 2021)


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What is Resonant 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.

Resonant's Net-Net Working Capital for the quarter that ended in Dec. 2021 was $0.12.

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

RESN's Price-to-Net-Net-Working-Capital is not ranked
in the Semiconductors industry.
Industry Median: 8.325 vs RESN: 37.33

Resonant Net-Net Working Capital Historical Data

The historical data trend for Resonant'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.

Resonant Net-Net Working Capital Chart

Resonant Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.66 0.07 0.30 0.12

Resonant Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 0.30 0.25 0.25 0.12 0.12

Competitive Comparison of Resonant's Net-Net Working Capital

For the Semiconductors subindustry, Resonant'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.


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

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

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



Resonant Net-Net Working Capital Calculation

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

Net-Net Working Capital(A: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(21.206+0.75 * 0.048+0.5 * 0-13.105
-0-0)/66.9998
=0.12

Resonant's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2021 is calculated as

Net-Net Working Capital(Q: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(21.206+0.75 * 0.048+0.5 * 0-13.105
-0-0)/66.9998
=0.12

* 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.


Resonant  (NAS:RESN) 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.


Resonant Net-Net Working Capital Related Terms

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


Resonant (Resonant) Business Description

Traded in Other Exchanges
N/A
Address
10900 Stonelake Boulevard, Suite 100, Office 02-130, Austin, TX, USA, 78759
Resonant Inc is a late-stage development company. It is developing software, intellectual property and a services platform to increase designer efficiency, reduce time to market and lower unit cost in the design of filters for radio frequency front ends for the mobile device industry. It operates in a single segment to design radio frequency filters. The group has a business presence in Japan, China and Other countries, of which key revenue is derived from Japan.
Executives
George B Holmes director, officer: Chief Executive Officer C/O RESONANT INC., 10900 STONELAKE BLVD., SUITE 100, OFFICE, AUSTIN TX 78759
Neal Fenzi officer: Chief Technology Officer C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117
Dylan Kelly officer: Chief Operating Officer C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117
Martin S Mcdermut officer: Chief Financial Officer C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759
Marybeth Carberry officer: Exec VP of Business Operations C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117
Alan B Howe director 1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081
Robert L. Tirva director C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759
Ruben Caballero director C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759
Michael J Fox director C/O PARK CITY CAPITAL, LLC, 100 CRESCENT COURT SUITE 700, DALLAS TX 75201
Joshua Jacobs director 9917 LA TUNA CANYON ROAD, SUN VALLEY CA 91352
Jean F Rankin director 1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109
Jack H Jacobs director 101 OAKS ROAD, MILLINGTON NJ 07946
Robert B Hammond officer: Co-Chief Technology Officer C/O RESONANT INC., 175 CREMONA DRIVE, SUITE 200, GOLETA CA 93117
Park City Capital, Llc director 12400 COIT ROAD, SUITE 800, DALLAS TX 75251
Longboard Capital Advisors, Llc 10 percent owner 9665 WILSHIRE BLVD., SUITE 430, BEVERLY HILLS CA 90212