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Rubicon Technology (Rubicon Technology) Net-Net Working Capital : $0.02 (As of Dec. 2023)


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What is Rubicon Technology 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.

Rubicon Technology's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $0.02.

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

RBCN's Price-to-Net-Net-Working-Capital is ranked worse than
87.76% of 523 companies
in the Semiconductors industry
Industry Median: 8.32 vs RBCN: 36.50

Rubicon Technology Net-Net Working Capital Historical Data

The historical data trend for Rubicon Technology'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.

Rubicon Technology Net-Net Working Capital Chart

Rubicon Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.00 10.51 10.36 -0.18 0.02

Rubicon Technology Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.18 -0.30 -0.20 1.24 0.02

Competitive Comparison of Rubicon Technology's Net-Net Working Capital

For the Semiconductor Equipment & Materials subindustry, Rubicon Technology'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.


Rubicon Technology's Price-to-Net-Net-Working-Capital Distribution in the Semiconductors Industry

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

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



Rubicon Technology Net-Net Working Capital Calculation

Rubicon Technology'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)
=(0.594+0.75 * 0.176+0.5 * 0.071-0.711
-0-0)/2.37782
=0.02

Rubicon Technology's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.594+0.75 * 0.176+0.5 * 0.071-0.711
-0-0)/2.37782
=0.02

* 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.


Rubicon Technology  (OTCPK:RBCN) 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.


Rubicon Technology Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Rubicon Technology's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Rubicon Technology (Rubicon Technology) Business Description

Traded in Other Exchanges
N/A
Address
900 East Green Street, Bensenville, IL, USA, 60106
Rubicon Technology Inc is an advanced materials provider specializing in monocrystalline sapphire for applications in optical and industrial systems. The company manages its operations and ship from its owned facility located in Bensenville, Illinois. It offers optical and industrial sapphire products in various shapes and sizes, including round and rectangular windows and blanks, domes, tubes, and rods. Geographically, the group has a business presence in North America, Asia, and Other countries, of which prime revenue is derived from North America.
Executives
Timothy Brog director C/O RUBICON TECHNOLOGY, INC., 900 EAST GREEN STREET, UNIT A, BENSENVILLE IL 60106
Darren Clay Seirer director, 10 percent owner 80 EIGHTH AVENUE, SUITE 1500, NEW YORK NY 10011
Jefferson Gramm director C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Janel Corp 10 percent owner 80 EIGHTH AVENUE, NEW YORK NY 10011
Michael E Mikolajczyk director 875 N. MICHIGAN AVE., STE 3000, CHICAGO IL 60611
Susan Westphal director C/O RUBICON TECHNOLOGY, INC., 900 EAST GREEN STREET, UNIT A, BENSENVILLE IL 60106
John Eidinger director 80 EIGHTH AVENUE, NEW YORK NY 10011
Dominique Schulte 10 percent owner 68 BANK STREET, NEW YORK NY 10014
Oaxaca Group L.l.c. 10 percent owner 68 BANK STREET, NEW YORK NY 10014
Kevin Timothy Lusardi officer: Chief Financial Officer 115 BROADWAY, PLEASANTVILLE NY 10570
Gregory Bylinsky 10 percent owner C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Bandera Partners Llc 10 percent owner 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Mathew Jason Rich officer: Chief Financial Officer 4501 EASTWOOD RD, MINNETONKA MN 55345
Inga A Slavutsky officer: Chief Financial Officer 920 E. GREEN ST., BENSENVILLE IL 60106
Donald R Caldwell director 5 RADNOR CORP CENTER STE 555, RADNOR PA 19087