GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Luminescence Technology Corp (ROCO:6729) » Definitions » Net-Net Working Capital

Luminescence Technology (ROCO:6729) Net-Net Working Capital : NT$6.50 (As of Dec. 2024)


View and export this data going back to 2019. Start your Free Trial

What is Luminescence 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.

Luminescence Technology's Net-Net Working Capital for the quarter that ended in Dec. 2024 was NT$6.50.

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

ROCO:6729's Price-to-Net-Net-Working-Capital is ranked better than
70.29% of 579 companies
in the Chemicals industry
Industry Median: 7.86 vs ROCO:6729: 4.07

Luminescence Technology Net-Net Working Capital Historical Data

The historical data trend for Luminescence 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.

Luminescence Technology Net-Net Working Capital Chart

Luminescence Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only 8.22 8.66 9.16 7.18 6.51

Luminescence Technology Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 9.16 8.10 7.18 6.24 6.50

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

For the Chemicals subindustry, Luminescence 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.


Luminescence Technology's Price-to-Net-Net-Working-Capital Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Luminescence Technology's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


;
;

Luminescence Technology Net-Net Working Capital Calculation

Luminescence Technology's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(158.231+0.75 * 8.628+0.5 * 66.301-33.629
-0-0)/25.214
=6.51

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

Net-Net Working Capital(Q: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(158.231+0.75 * 8.628+0.5 * 66.301-33.629
-0-0)/25.268
=6.50

* 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.


Luminescence Technology  (ROCO:6729) 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.


Luminescence Technology Net-Net Working Capital Related Terms

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


Luminescence Technology Business Description

Traded in Other Exchanges
N/A
Address
No. 17, Randhan 2nd Road, 2nd Floor, New Taipei City, TWN, 22175
Luminescence Technology Corp is a Taiwan based chemical manufacturing company. The firm's product range consists of OLED material, OPV material, OTFT material, Organic intermediates, Boronic Acid, ITO patterned glass and components among others.

Luminescence Technology Headlines

No Headlines