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Spec ProductsROCO:7718 -0.11%52 Net-Net Working Capital is NT$12.07 as of Jun. 2026. GuruFocus rates ROCO:7718 with a GF Score™ of 52/100. The stock has 2 warning signs investors should review. Among 1,312 Industrial Products companies, Spec Products ranks better than 75.08% on this metric.
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.
Spec Products's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$12.07.
The industry rank for Spec Products's Net-Net Working Capital or its related term are showing as below:
ROCO:7718's Price-to-Net-Net-Working-Capital is ranked better than 75.08% of 1312
companies
in the Industrial Products industry
Industry Median: 7.94
vs ROCO:7718: 3.83
Spec Products (ROCO:7718) 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.
Spec Products Net-Net Working Capital Related Terms
Spec Products Net-Net Working Capital Historical Data
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The historical data trend for Spec Products'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.
ROCO:7718 vs SNA, RBC, LECO: Net-Net Working Capital Comparison
For the Tools & Accessories subindustry, Spec Products'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.
Spec Products Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Spec Products's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Spec Products'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$12.07 mean?
Spec Products (ROCO:7718) has a Net-Net Working Capital of NT$12.07 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 Spec Products According to the industry distribution chart, Spec Products ranks #327 out of 1312 companies in the Industrial Products industry, placing it in the top 24.9%.
Is Spec Products' Net-Net Working Capital too high?
Spec Products' current Net-Net Working Capital is NT$12.07. Based on the distribution chart, Spec Products ranks #327 out of 1312 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Spec Products has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Spec Products' Net-Net Working Capital compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Spec Products ranks #327 out of 1312 companies for Net-Net Working Capital. This places Spec Products in the top 25% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.94. 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 7.94, based on 1,312 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 Spec Products For the Industrial Products industry, the median Net-Net Working Capital is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spec Products's current Net-Net Working Capital is NT$12.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spec Products stock overvalued right now?
Spec Products (ROCO:7718) has a current Net-Net Working Capital of NT$12.07. The current Net-Net Working Capital is NT$12.07. Spec Products' overall GF Score™ is 52/100 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 Spec Products (ROCO:7718), the current Net-Net Working Capital is NT$12.07 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.
Spec Products Corp is engaged in the manufacture of screws and nuts, wholesale of metalware, and international trade. Its product patents includes Nordic Bolt & Nut (Wedge Locking Fastener), Spec Locking Washer, Aluminum H.T Processes and some assembly devices, etc.
52GF Score
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