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Comarco (Comarco) Net-Net Working Capital : $-0.03 (As of Oct. 2017)


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What is Comarco 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.

Comarco's Net-Net Working Capital for the quarter that ended in Oct. 2017 was $-0.03.

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

CMRO's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 6.94
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Comarco Net-Net Working Capital Historical Data

The historical data trend for Comarco'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.

Comarco Net-Net Working Capital Chart

Comarco Annual Data
Trend Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.02 -0.54 0.04 -0.05 0.02

Comarco Quarterly Data
Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17
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 0.03 0.02 - -0.01 -0.03

Competitive Comparison of Comarco's Net-Net Working Capital

For the Communication Equipment subindustry, Comarco'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.


Comarco's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

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

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



Comarco Net-Net Working Capital Calculation

Comarco's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jan. 2017 is calculated as

Net-Net Working Capital(A: Jan. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.618+0.75 * 0+0.5 * 0-0.395
-0-0)/14.6142
=0.02

Comarco's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2017 is calculated as

Net-Net Working Capital(Q: Oct. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.589+0.75 * 0+0.5 * 0-0.968
-0-0)/14.6142
=-0.03

* 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.


Comarco  (OTCPK:CMRO) 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.


Comarco Net-Net Working Capital Related Terms

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


Comarco (Comarco) Business Description

Industry
Traded in Other Exchanges
N/A
Address
28202 Cabot Road, Suite 300, Laguna Niguel, CA, USA, 92677
Comarco Inc through its subsidiaries is engaged in developing numerous technologies in the field of power adapters and chargers for portable mobile devices such as laptop computers, tablets smartphones and more. The company is focused on realizing value from its ongoing intellectual property enforcement actions and other litigation. In addition, it also explores for opportunities to expand, protect, and monetize its patent portfolio, through the sale or licensing of the patent portfolio.
Executives
Neal C Bradsher 10 percent owner
Broadwood Partners Lp 10 percent owner BROADWOOD CAPITAL INC., 142 WEST 57TH STREET, 11TH FLOOR, NEW YORK NY 10019
Broadwood Capital Inc 10 percent owner 142 WEST 57TH STREET, 11TH FLOOR, NEW YORK NY 10019
Lou Silverman director
Michael H. Mulroy director 1300 N. KELLOGG DRIVE, SUITE D, ANAHEIM CA 92807
Alisha Charlton officer: VP, Chief Accounting Officer 25541 COMMERCENTRE DRIVE, LAKE FOREST CA 92630
Marxe Austin W & Greenhouse David M 10 percent owner C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Robert J Majteles director
Van Der Kaay Erik director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Don M Bailey director 1300 N. KELLOGG DRIVE, SUITE D, ANAHEIM CA 92607
Stadium Capital Partners L P other: former 10% owner 199 ELM STREET, NEW CANAAN CT 06840

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