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Crown ElectroKinetics (Crown ElectroKinetics) Net-Net Working Capital : $-0.11 (As of Mar. 2024)


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What is Crown ElectroKinetics 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.

Crown ElectroKinetics's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-0.11.

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

CRKN's Price-to-Net-Net-Working-Capital is not ranked *
in the Chemicals industry.
Industry Median: 7.3
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Crown ElectroKinetics Net-Net Working Capital Historical Data

The historical data trend for Crown ElectroKinetics'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.

Crown ElectroKinetics Net-Net Working Capital Chart

Crown ElectroKinetics Annual Data
Trend Mar19 Mar20 Mar21 Dec22 Dec23
Net-Net Working Capital
-28.63 -53.04 58.00 -15.53 -0.14

Crown ElectroKinetics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -11.11 -7.08 -0.12 -0.14 -0.11

Competitive Comparison of Crown ElectroKinetics's Net-Net Working Capital

For the Specialty Chemicals subindustry, Crown ElectroKinetics'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.


Crown ElectroKinetics's Price-to-Net-Net-Working-Capital Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Crown ElectroKinetics's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Crown ElectroKinetics Net-Net Working Capital Calculation

Crown ElectroKinetics's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.059+0.75 * 0.083+0.5 * 0-4.85
-0-0)/25.7442
=-0.14

Crown ElectroKinetics's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.29+0.75 * 0.776+0.5 * 0-6.559
-0-0)/51.7022
=-0.11

* 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.


Crown ElectroKinetics  (NAS:CRKN) 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.


Crown ElectroKinetics Net-Net Working Capital Related Terms

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Crown ElectroKinetics (Crown ElectroKinetics) Business Description

Traded in Other Exchanges
N/A
Address
1110 NE Circle Boulevard, Corvallis, OR, USA, 97330
Crown ElectroKinetics Corp is a provider of DynamicTint. The company's technology allows any glass surface to transition between clear and dark in seconds. DynamicTint allows windows to transition from transparent to black. With applications to a wide array of windows, including commercial buildings, automotive sunroofs, and residential skylights, Crown partners with glass and film manufacturers for mass production and distribution. Its technology is a thin film that is powered by an electrically-charged pigment which not only replaces common window tints but is also a more sustainable alternative to traditional window treatments. The company is supported by a robust patent portfolio.
Executives
Douglas B Croxall 10 percent owner, officer: Chief Executive Officer 2331 MILL ROAD SUITE 100, ALEXANDRIA VA 22314
Joel Krutz officer: Chief Financial Officer 11601 WILSHIRE BLVD., SUITE 2240, LOS ANGELES CA 90025
Gary C Hanna director
Gizman I Abbas director 415 WASHINGTON STREET, APT 1B, NEW YORK NY 10013
Kaijiro Sato officer: Co-President and CMO 1110 NE CIRCLE BLVD., CORVALLIS OR 97330
Edward Kovalik director 1 GRAND ARMY PLAZA, 11 GG, BROOKLYN NY 11238
Philip J Anderson officer: Chief Financial Officer SIAR CAPITAL, 600 MADISON AVENUE, NEW YORK NY 10021
John P. Marchese director 150 TWELVE OAKS LANE, PONTE VEDRA BEACH FL 32082
Christopher H Smith director C/O ONEIDA LTD., 163-181 KENWOOD AVENUE, ONEIDA NY 13421
Timothy Koch officer: Chief Technology Officer 1110 NE CIRCLE BLVD., CORVALLIS OR 97330
Dipanjan Nag director 9335 BURNETT LANE, DUBLIN OH 43017