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SOLON AG fuer Solartechnik (LTS:0G3C) Net-Net Working Capital : €-24.76 (As of Sep. 2011)


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What is SOLON AG fuer Solartechnik 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.

SOLON AG fuer Solartechnik's Net-Net Working Capital for the quarter that ended in Sep. 2011 was €-24.76.

The industry rank for SOLON AG fuer Solartechnik's Net-Net Working Capital or its related term are showing as below:

LTS:0G3C's Price-to-Net-Net-Working-Capital is not ranked *
in the Semiconductors industry.
Industry Median: 8.42
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

SOLON AG fuer Solartechnik Net-Net Working Capital Historical Data

The historical data trend for SOLON AG fuer Solartechnik'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.

SOLON AG fuer Solartechnik Net-Net Working Capital Chart

SOLON AG fuer Solartechnik Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Net-Net Working Capital
Get a 7-Day Free Trial -9.37 -6.54 -16.66 -26.98 -23.88

SOLON AG fuer Solartechnik Quarterly Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11
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 -21.43 -21.00 -22.10 -22.24 -24.76

Competitive Comparison of SOLON AG fuer Solartechnik's Net-Net Working Capital

For the Solar subindustry, SOLON AG fuer Solartechnik'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.


SOLON AG fuer Solartechnik's Price-to-Net-Net-Working-Capital Distribution in the Semiconductors Industry

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

* The bar in red indicates where SOLON AG fuer Solartechnik's Price-to-Net-Net-Working-Capital falls into.



SOLON AG fuer Solartechnik Net-Net Working Capital Calculation

SOLON AG fuer Solartechnik's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2010 is calculated as

Net-Net Working Capital(A: Dec. 2010 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(15.307+0.75 * 170.661+0.5 * 108.438-559.696
-0-0)/15.167
=-23.88

SOLON AG fuer Solartechnik's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2011 is calculated as

Net-Net Working Capital(Q: Sep. 2011 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(12.305+0.75 * 110.253+0.5 * 95.984-569.395
-0-0)/17.225
=-24.76

* 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.


SOLON AG fuer Solartechnik  (LTS:0G3C) 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.


SOLON AG fuer Solartechnik Net-Net Working Capital Related Terms

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SOLON AG fuer Solartechnik (LTS:0G3C) Business Description

Traded in Other Exchanges
N/A
Address
3840 South Palo Verde, Suite 205, Tucson, AZ, USA, 85714
SOLON SE is a Germany-based manufacturer of solar modules and supplier of solar system technology. It produces and distributes solar modules, as well monocrystalline and polycrystalline solar cells to wholesalers and installers. It focuses on the construction of turnkey solar power plants on rooftops and on open fields, as well as the distribution of systems to project developers and utility companies.

SOLON AG fuer Solartechnik (LTS:0G3C) Headlines

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