GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Carlo Gavazzi Holding AG (XSWX:GAV) » Definitions » Net-Net Working Capital

Carlo Gavazzi Holding AG (XSWX:GAV) Net-Net Working Capital : CHF81.91 (As of Sep. 2023)


View and export this data going back to 2000. Start your Free Trial

What is Carlo Gavazzi Holding AG 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.

Carlo Gavazzi Holding AG's Net-Net Working Capital for the quarter that ended in Sep. 2023 was CHF81.91.

The industry rank for Carlo Gavazzi Holding AG's Net-Net Working Capital or its related term are showing as below:

XSWX:GAV's Price-to-Net-Net-Working-Capital is ranked better than
73.44% of 1363 companies
in the Industrial Products industry
Industry Median: 7.04 vs XSWX:GAV: 3.67

Carlo Gavazzi Holding AG Net-Net Working Capital Historical Data

The historical data trend for Carlo Gavazzi Holding AG'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.

Carlo Gavazzi Holding AG Net-Net Working Capital Chart

Carlo Gavazzi Holding AG Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.78 53.68 66.80 76.31 84.08

Carlo Gavazzi Holding AG Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 67.03 76.31 69.47 84.08 81.91

Competitive Comparison of Carlo Gavazzi Holding AG's Net-Net Working Capital

For the Electrical Equipment & Parts subindustry, Carlo Gavazzi Holding AG'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.


Carlo Gavazzi Holding AG's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Carlo Gavazzi Holding AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Carlo Gavazzi Holding AG's Price-to-Net-Net-Working-Capital falls into.



Carlo Gavazzi Holding AG Net-Net Working Capital Calculation

Carlo Gavazzi Holding AG's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(64.701+0.75 * 35.819+0.5 * 43.307-53.463
-0-0)/0.71071
=84.08

Carlo Gavazzi Holding AG'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)
=(60.944+0.75 * 32.912+0.5 * 46.142-50.462
-0-0)/0.711
=81.91

* 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.


Carlo Gavazzi Holding AG  (XSWX:GAV) 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.


Carlo Gavazzi Holding AG Net-Net Working Capital Related Terms

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


Carlo Gavazzi Holding AG (XSWX:GAV) Business Description

Traded in Other Exchanges
Address
Sumpfstrasse 3, Steinhausen, CHE, CH-6312
Carlo Gavazzi Holding AG is engaged in the designing, manufacturing, and marketing of electronic control components for the global markets of industrial and building automation. Its product portfolio comprises sensors, monitoring relays, timers, energy management systems, solid-state relays, safety devices, and Fieldbus systems. Its products are marketed through a network of sales companies and independent national distributors. It has operational footprints across Switzerland, Italy, other Europe, the Middle East and Africa, the United States of America, other North America, and Asia. Geographically the company receives maximum revenue from Europe, the Middle East, and Africa.

Carlo Gavazzi Holding AG (XSWX:GAV) Headlines

No Headlines