GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » CMSC Inc (ROCO:7707) » Definitions » Net-Net Working Capital

CMSC (ROCO:7707) Net-Net Working Capital : NT$13.53 (As of Dec. 2024)


View and export this data going back to 2023. Start your Free Trial

What is CMSC 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.

CMSC's Net-Net Working Capital for the quarter that ended in Dec. 2024 was NT$13.53.

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

ROCO:7707's Price-to-Net-Net-Working-Capital is ranked better than
62.48% of 517 companies
in the Semiconductors industry
Industry Median: 7.73 vs ROCO:7707: 5.88

CMSC Net-Net Working Capital Historical Data

The historical data trend for CMSC'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.

CMSC Net-Net Working Capital Chart

CMSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
1.83 2.57 5.00 10.40 13.53

CMSC Quarterly Data
Dec20 Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 10.40 9.77 9.88 10.91 13.53

Competitive Comparison of CMSC's Net-Net Working Capital

For the Semiconductors subindustry, CMSC'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.


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

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

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


;
;

CMSC Net-Net Working Capital Calculation

CMSC'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)
=(924.692+0.75 * 28.263+0.5 * 37.65-346.305
-0-0)/45.700
=13.53

CMSC'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)
=(924.692+0.75 * 28.263+0.5 * 37.65-346.305
-0-0)/45.700
=13.53

* 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.


CMSC  (ROCO:7707) 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.


CMSC Net-Net Working Capital Related Terms

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


CMSC Business Description

Traded in Other Exchanges
N/A
Address
2nd Floor, No.42, Park Avenue II, Science Park, Hsin-chu, TWN, 30075
CMSC Inc is a company involved in research, development, design, manufacturing and sales of Single-chip system platform design services and Silicon intellectual property product design services for integrated circuit design. It Provides the aforementioned products and technical services entrusted by customers.

CMSC Headlines

No Headlines