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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.
Young Shine Electric Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$33.77.
The industry rank for Young Shine Electric Co's Net-Net Working Capital or its related term are showing as below:
ROCO:2249's Price-to-Net-Net-Working-Capital is ranked better than 76.44% of 365
companies
in the Vehicles & Parts industry
Industry Median: 8
vs ROCO:2249: 2.65
Young Shine Electric Co (ROCO:2249) 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.
Young Shine Electric Co Net-Net Working Capital Related Terms
Young Shine Electric Co Net-Net Working Capital Historical Data
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The historical data trend for Young Shine Electric Co'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.
Young Shine Electric Co Net-Net Working Capital Chart
ROCO:2249 vs ORLY, AZO: Net-Net Working Capital Comparison
For the Auto Parts subindustry, Young Shine Electric Co'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.
Young Shine Electric Co Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Young Shine Electric Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Young Shine Electric Co's Price-to-Net-Net-Working-Capital falls into.
* 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 NT$33.77 mean?
Young Shine Electric Co (ROCO:2249) has a Net-Net Working Capital of NT$33.77 as of Jun. 2026. 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 Young Shine Electric Co According to the industry distribution chart, Young Shine Electric Co ranks #86 out of 365 companies in the Vehicles & Parts industry, placing it in the top 23.6%.
Is Young Shine Electric Co's Net-Net Working Capital too high?
Young Shine Electric Co's current Net-Net Working Capital is NT$33.77. Based on the distribution chart, Young Shine Electric Co ranks #86 out of 365 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Young Shine Electric Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Young Shine Electric Co's Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Young Shine Electric Co ranks #86 out of 365 companies for Net-Net Working Capital. This places Young Shine Electric Co in the top 24% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.00. 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 Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 8.00, based on 365 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 Young Shine Electric Co For the Vehicles & Parts industry, the median Net-Net Working Capital is 8.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Young Shine Electric Co's current Net-Net Working Capital is NT$33.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Young Shine Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Young Shine Electric Co (ROCO:2249) is currently considered Fairly Valued. The stock's GF Value™ is NT$93.00, compared to a current price of NT$89.55 — trading 3.7% below its estimated fair value. The current Net-Net Working Capital is NT$33.77. Young Shine Electric Co's overall GF Score™ is 93/100 with 1 warning sign to review. 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 Young Shine Electric Co (ROCO:2249), the current Net-Net Working Capital is NT$33.77 as of Jun. 2026. 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.
Is Young Shine Electric Co (ROCO:2249) Overvalued in 2026?
Based on GuruFocus' analysis, Young Shine Electric Co stock appears to be undervalued.
The current stock price of NT$89.55 is trading 3.7% below its estimated GF Value™ of NT$93.00.
GuruFocus considers Young Shine Electric Co to be Fairly Valued.
Key valuation signals for ROCO:2249:
Net-Net Working Capital: NT$33.77
GF Value™: NT$93.00 vs. price of NT$89.55 (3.7% below fair value)
No single metric tells the full story. See the ROCO:2249 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Young Shine Electric Co Ltd is engaged in distributing automotive air-conditioning components. The company's main business projects include the manufacturing, sales, and technical services of automobile air-conditioning compressors, heat exchangers, clutches, and automobile water tanks.
93GF Score
Get the complete analysis for ROCO:2249
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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