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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.
Sentronic International's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$2.36.
The industry rank for Sentronic International's Net-Net Working Capital or its related term are showing as below:
ROCO:3232's Price-to-Net-Net-Working-Capital is ranked better than 51.77% of 1157
companies
in the Hardware industry
Industry Median: 8.93
vs ROCO:3232: 8.43
Sentronic International (ROCO:3232) 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.
Sentronic International Net-Net Working Capital Related Terms
Sentronic International Net-Net Working Capital Historical Data
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The historical data trend for Sentronic International'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.
Sentronic International Net-Net Working Capital Chart
ROCO:3232 vs SNX, ARW, AVT: Net-Net Working Capital Comparison
For the Electronics & Computer Distribution subindustry, Sentronic International'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.
Sentronic International Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Sentronic International's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Sentronic International'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$2.36 mean?
Sentronic International (ROCO:3232) has a Net-Net Working Capital of NT$2.36 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 Sentronic International According to the industry distribution chart, Sentronic International ranks #558 out of 1157 companies in the Hardware industry, placing it in the top 48.2%.
Is Sentronic International's Net-Net Working Capital too high?
Sentronic International's current Net-Net Working Capital is NT$2.36. Based on the distribution chart, Sentronic International ranks #558 out of 1157 companies in the Hardware industry, which is above the industry midpoint. Overall, Sentronic International has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sentronic International's Net-Net Working Capital compare to SNX and ARW?
According to the Hardware industry distribution chart, Sentronic International ranks #558 out of 1157 companies for Net-Net Working Capital. This puts Sentronic International in the upper half of its industry. The industry median Net-Net Working Capital is 8.93. 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 Hardware company?
The median Net-Net Working Capital among Hardware companies is 8.93, based on 1,157 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 Sentronic International For the Hardware industry, the median Net-Net Working Capital is 8.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sentronic International's current Net-Net Working Capital is NT$2.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sentronic International stock overvalued right now?
Based on GuruFocus' analysis, Sentronic International (ROCO:3232) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$16.71, compared to a current price of NT$19.90 — trading 19.1% above its estimated fair value. The current Net-Net Working Capital is NT$2.36. Sentronic International's overall GF Score™ is 67/100 with 5 warning signs 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 Sentronic International (ROCO:3232), the current Net-Net Working Capital is NT$2.36 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 Sentronic International (ROCO:3232) Overvalued in 2026?
Based on GuruFocus' analysis, Sentronic International stock appears to be overvalued.
The current stock price of NT$19.90 is trading 19.1% above its estimated GF Value™ of NT$16.71.
GuruFocus considers Sentronic International to be Modestly Overvalued.
Key valuation signals for ROCO:3232:
Net-Net Working Capital: NT$2.36
GF Value™: NT$16.71 vs. price of NT$19.90 (19.1% above fair value)
No single metric tells the full story. See the ROCO:3232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sentronic International Corp is a Taiwan-based company that engages in the distribution of electronic parts and components. It provides semiconductor components, LCD displays, pick-up heads, LEDs, mini motors, and discrete components.
67GF Score
Get the complete analysis for ROCO:3232
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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