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Syncomm Technology (ROCO:3150) Net-Net Working Capital : NT$11.04 (As of Mar. 2024)


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What is Syncomm 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.

Syncomm Technology's Net-Net Working Capital for the quarter that ended in Mar. 2024 was NT$11.04.

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

ROCO:3150's Price-to-Net-Net-Working-Capital is ranked better than
78.71% of 526 companies
in the Semiconductors industry
Industry Median: 8.8 vs ROCO:3150: 4.39

Syncomm Technology Net-Net Working Capital Historical Data

The historical data trend for Syncomm 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.

Syncomm Technology Net-Net Working Capital Chart

Syncomm Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.26 6.63 7.38 9.16 9.47

Syncomm Technology Quarterly Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 9.47 - 7.93 7.81 11.04

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

For the Semiconductor Equipment & Materials subindustry, Syncomm 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.


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

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

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



Syncomm Technology Net-Net Working Capital Calculation

Syncomm Technology's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(329.92+0.75 * 19.435+0.5 * 98.82-86.09
-0-0)/32.516
=9.47

Syncomm Technology's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(504.909+0.75 * 31.751+0.5 * 81.044-106.725
-0-0)/41.898
=11.04

* 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.


Syncomm Technology  (ROCO:3150) 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.


Syncomm Technology Net-Net Working Capital Related Terms

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Syncomm Technology (ROCO:3150) Business Description

Traded in Other Exchanges
N/A
Address
Gongdao 5th Road, East District, 10th Floor, No.101, Sec. 2, Hsinchu City, TWN, 30070
Syncomm Technology Corp is a Taiwan based fabless semiconductor company. It is specializing in real time wireless digital audio and video streaming technology. The company provides varieties of solutions ranging from mobile to multi-room, from MP3-like to audiophile quality in Taiwan.

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