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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.
ROCO:6983's Price-to-Net-Net-Working-Capital is ranked worse than 63.35% of 1315
companies
in the Industrial Products industry
Industry Median: 8.26
vs ROCO:6983: 13.01
Hua Yang Precision Machinery Co (ROCO:6983) 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.
Hua Yang Precision Machinery Co Net-Net Working Capital Related Terms
Hua Yang Precision Machinery Co Net-Net Working Capital Historical Data
* 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.
Hua Yang Precision Machinery Co Net-Net Working Capital Chart
ROCO:6983 vs VRT, BE: Net-Net Working Capital Comparison
For the Electrical Equipment & Parts subindustry, Hua Yang Precision Machinery 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.
Hua Yang Precision Machinery Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hua Yang Precision Machinery Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Hua Yang Precision Machinery 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$27.51 mean?
Hua Yang Precision Machinery Co (ROCO:6983) has a Net-Net Working Capital of NT$27.51 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 Hua Yang Precision Machinery Co According to the industry distribution chart, Hua Yang Precision Machinery Co ranks #833 out of 1315 companies in the Industrial Products industry, placing it in the top 63.3%.
Is Hua Yang Precision Machinery Co's Net-Net Working Capital too high?
Hua Yang Precision Machinery Co's current Net-Net Working Capital is NT$27.51. Based on the distribution chart, Hua Yang Precision Machinery Co ranks #833 out of 1315 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Hua Yang Precision Machinery Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hua Yang Precision Machinery Co's Net-Net Working Capital compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hua Yang Precision Machinery Co ranks #833 out of 1315 companies for Net-Net Working Capital. This places Hua Yang Precision Machinery Co in the lower half of its industry. The industry median Net-Net Working Capital is 8.26. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.26, based on 1,315 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 Hua Yang Precision Machinery Co For the Industrial Products industry, the median Net-Net Working Capital is 8.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hua Yang Precision Machinery Co's current Net-Net Working Capital is NT$27.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hua Yang Precision Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Hua Yang Precision Machinery Co (ROCO:6983) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$216.56, compared to a current price of NT$358.00 — trading 65.3% above its estimated fair value. The current Net-Net Working Capital is NT$27.51. Hua Yang Precision Machinery Co's overall GF Score™ is 71/100 with 2 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 Hua Yang Precision Machinery Co (ROCO:6983), the current Net-Net Working Capital is NT$27.51 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 Hua Yang Precision Machinery Co (ROCO:6983) Overvalued in 2026?
Based on GuruFocus' analysis, Hua Yang Precision Machinery Co stock appears to be overvalued.
The current stock price of NT$358.00 is trading 65.3% above its estimated GF Value™ of NT$216.56.
GuruFocus considers Hua Yang Precision Machinery Co to be Significantly Overvalued.
Key valuation signals for ROCO:6983:
Net-Net Working Capital: NT$27.51
GF Value™: NT$216.56 vs. price of NT$358.00 (65.3% above fair value)
No single metric tells the full story. See the ROCO:6983 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hua Yang Precision Machinery Co Ltd is engaged in research and development of suitable equipment for inspection, measurement, and automated production, to help its clients shorten their production time. Its product category comprises of Automated Optical Inspection, Automation Solution and Others.
71GF Score
Get the complete analysis for ROCO:6983
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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