OPST (OPT Sciences) Net-Net Working Capital: $17.06 (As of Jul. 2015)

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What is OPT Sciences Net-Net Working Capital?

OPT Sciences OPST Net-Net Working Capital is $17.06 as of Jul. 2015.

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.

OPT Sciences's Net-Net Working Capital for the quarter that ended in Jul. 2015 was $17.06.

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

OPST's Price-to-Net-Net-Working-Capital is not ranked *
in the Aerospace & Defense industry.
Industry Median: 9.67
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

OPT Sciences  (OTCPK:OPST) 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.


OPT Sciences Net-Net Working Capital Related Terms


OPT Sciences Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for OPT Sciences'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.

OPT Sciences Net-Net Working Capital Chart

OPT Sciences Annual Data
Trend Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.88 12.75 14.33 14.38 15.81

OPT Sciences Quarterly Data
Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15
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 15.27 15.81 16.32 16.77 17.06

OPST vs SDEV, SIF, OPXS: Net-Net Working Capital Comparison

For the Aerospace & Defense subindustry, OPT Sciences'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.


OPT Sciences Price-to-Net-Net-Working-Capital vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, OPT Sciences's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



OPT Sciences Net-Net Working Capital Calculation

OPT Sciences's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Oct. 2014 is calculated as

Net-Net Working Capital(A: Oct. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11.261+0.75 * 1.496+0.5 * 0.858-0.544
-0-0)/0.776
=15.81

OPT Sciences's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jul. 2015 is calculated as

Net-Net Working Capital(Q: Jul. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(12.335+0.75 * 1.387+0.5 * 1.069-0.669
-0-0)/0.776
=17.06

* 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 $17.06 mean?
OPT Sciences (OPST) has a Net-Net Working Capital of $17.06 as of Jul. 2015. 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 OPT Sciences
Is OPT Sciences' Net-Net Working Capital too high?
OPT Sciences' current Net-Net Working Capital is $17.06. The Aerospace & Defense industry median Net-Net Working Capital is 9.67. OPT Sciences' value of $17.06 is 76.4% above this industry median.
How does OPT Sciences' Net-Net Working Capital compare to SDEV and SIF?
OPT Sciences' Net-Net Working Capital of $17.06 can be compared against companies in the Aerospace & Defense industry. The industry median Net-Net Working Capital is 9.67. OPT Sciences' value of $17.06 is 76.4% above this benchmark. 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 an Aerospace & Defense company?
The median Net-Net Working Capital among Aerospace & Defense companies is 9.67, based on 119 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. OPT Sciences's current Net-Net Working Capital of $17.06 is 76.4% above the industry median. 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 OPT Sciences For the Aerospace & Defense industry, the median Net-Net Working Capital is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OPT Sciences's current Net-Net Working Capital is $17.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OPT Sciences stock overvalued right now?
OPT Sciences (OPST) has a current Net-Net Working Capital of $17.06. The current Net-Net Working Capital is $17.06 and 76.4% above the Aerospace & Defense industry median of 9.67. 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 OPT Sciences (OPST), the current Net-Net Working Capital is $17.06 as of Jul. 2015. 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.

OPT Sciences Business Description

Address 1912 Bannard Street, Cinnaminson, NJ, USA, 08077
OPT Sciences Corp through its operating subsidiary O & S Research, manufactures precision optical components for the Aerospace Industry. It provides anti-glare optical coatings, panels for liquid crystal displays ("LCD"), LCD glass heaters, and electromagnetic interference shielding glass. In addition, it also offers glass cutting, grinding, and painting services. Geographically, the activities are performed in the United States and it derives revenue from product sales when products are shipped to customers.