Synoptics Technologies (NSE:SYNOPTICS) Net-Net Working Capital : ₹-13.38 (As of Mar. 2022)

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What is Synoptics Technologies 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.

Synoptics Technologies's Net-Net Working Capital for the quarter that ended in Mar. 2022 was ₹-13.38.

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

NSE:SYNOPTICS's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Software industry.
Industry Median: 7.28
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Synoptics Technologies Net-Net Working Capital Historical Data

The historical data trend for Synoptics Technologies'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.

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Synoptics Technologies Net-Net Working Capital Chart

Synoptics Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Net-Net Working Capital

-8.77

-16.59

-13.38

Synoptics Technologies Semi-Annual Data
	Mar20	Mar21	Mar22
Net-Net Working Capital	-8.77	-16.59	-13.38

Competitive Comparison of Synoptics Technologies's Net-Net Working Capital

For the Information Technology Services subindustry, Synoptics Technologies'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.

Synoptics Technologies's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

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

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

Synoptics Technologies Net-Net Working Capital Calculation

Synoptics Technologies's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2022 is calculated as

	Net-Net Working Capital		(A: Mar. 2022 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(16.568	+	0.75 * 108.052	+	0.5 * 58.43	-	240.295
-	0	-	0)	/	8.480
=	-13.38

Synoptics Technologies's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2022 is calculated as

	Net-Net Working Capital		(Q: Mar. 2022 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(16.568	+	0.75 * 108.052	+	0.5 * 58.43	-	240.295
-	0	-	0)	/	8.480
=	-13.38

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.

Synoptics Technologies (NSE:SYNOPTICS) 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.

Synoptics Technologies Net-Net Working Capital Related Terms

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Synoptics Technologies (NSE:SYNOPTICS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Synoptics Technologies Ltd (NSE:SYNOPTICS) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

301, A-Wing, 3rd Floor, Interface 16, Mindspace, Malad (West), Mumbai, MH, IND, 400064

Website

https://synoptics.co.in

Synoptics Technologies Ltd is an IT Services company offering solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation and support of the network equipment needed to run the IT setup like routers, switches, etc. The company designs the solution for customers who need to put their applications on Cloud. It helps with the application migration and manages the setup in the cloud. It aims to reduce the Total Cost of Ownership (TCO) and increase Return on Investment (RoI) for its customers to adopt any kind of Digital Transformation use case with its technology-led and innovation-driven approach.

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