Sciuker Frames SpA (MIL:SCK) Net-Net Working Capital: €-5.51 (As of Jun. 2024)

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MIL:SCK Sciuker Frames SpA MIL:SCK
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What is Sciuker Frames SpA Net-Net Working Capital?

Sciuker Frames SpA MIL:SCK 4 Net-Net Working Capital is €-5.51 as of Jun. 2024. GuruFocus rates MIL:SCK with a GF Score™ of 4/100.

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.

Sciuker Frames SpA's Net-Net Working Capital for the quarter that ended in Jun. 2024 was €-5.51.

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

MIL:SCK's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.185
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sciuker Frames SpA  (MIL:SCK) 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.


Sciuker Frames SpA Net-Net Working Capital Related Terms


Sciuker Frames SpA Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Sciuker Frames SpA'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.

Sciuker Frames SpA Net-Net Working Capital Chart

Sciuker Frames SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -0.95 -1.05 -1.01 -2.53 -7.46

Sciuker Frames SpA Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -1.44 -2.53 -2.37 -7.46 -5.51

MIL:SCK vs TT, JCI, CARR: Net-Net Working Capital Comparison

For the Building Products & Equipment subindustry, Sciuker Frames SpA'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.


Sciuker Frames SpA Price-to-Net-Net-Working-Capital vs Construction Industry

For the Construction industry and Industrials sector, Sciuker Frames SpA's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


MIL:SCK
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Sciuker Frames SpA MIL:SCK
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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Sciuker Frames SpA Net-Net Working Capital Calculation

Sciuker Frames SpA'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)
=(42.292+0.75 * 53.504+0.5 * 41.813-270.035
-0-0)/22.357
=-7.46

Sciuker Frames SpA's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(74.522+0.75 * 35.21+0.5 * 51.11-247.848
-0-1.715)/22.357
=-5.51

* 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.

What does a Net-Net Working Capital of €-5.51 mean?
Sciuker Frames SpA (MIL:SCK) has a Net-Net Working Capital of €-5.51 as of Jun. 2024. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Sciuker Frames SpA
Is Sciuker Frames SpA's Net-Net Working Capital too high?
Sciuker Frames SpA's current Net-Net Working Capital is €-5.51. Overall, Sciuker Frames SpA has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Sciuker Frames SpA's Net-Net Working Capital compare to TT and JCI?
Sciuker Frames SpA's Net-Net Working Capital of €-5.51 can be compared against companies in the Construction industry. The industry median Net-Net Working Capital is 6.19. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Construction company?
The median Net-Net Working Capital among Construction companies is 6.19, based on 486 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Sciuker Frames SpA For the Construction industry, the median Net-Net Working Capital is 6.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sciuker Frames SpA's current Net-Net Working Capital is €-5.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sciuker Frames SpA stock overvalued right now?
Sciuker Frames SpA (MIL:SCK) has a current Net-Net Working Capital of €-5.51. The current Net-Net Working Capital is €-5.51. Sciuker Frames SpA's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Sciuker Frames SpA (MIL:SCK), the current Net-Net Working Capital is €-5.51 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sciuker Frames SpA Business Description

Address PIP Area - Via Fratte, Contrada, Avellino, ITA, 83020
Sciuker Frames SpA is an Italian company engaged in the design, development, production, and marketing of windows in natural wood-aluminum materials and in structural wood-glass. Its product offering includes structural glass wood windows, Isik aluminum wooden windows, stratek 80 aluminum wooden windows, stratek city aluminum wooden windows and aluminum shutters.
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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