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Microprogram Information Co (ROCO:7721) Net-Net Working Capital : NT$12.88 (As of Dec. 2024)


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What is Microprogram Information Co 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.

Microprogram Information Co's Net-Net Working Capital for the quarter that ended in Dec. 2024 was NT$12.88.

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

ROCO:7721's Price-to-Net-Net-Working-Capital is ranked better than
62.9% of 1275 companies
in the Software industry
Industry Median: 8.62 vs ROCO:7721: 5.64

Microprogram Information Co Net-Net Working Capital Historical Data

The historical data trend for Microprogram Information Co'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.

Microprogram Information Co Net-Net Working Capital Chart

Microprogram Information Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
2.25 1.83 2.35 6.64 12.88

Microprogram Information Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Net-Net Working Capital Get a 7-Day Free Trial 2.35 4.68 6.64 6.21 12.88

Competitive Comparison of Microprogram Information Co's Net-Net Working Capital

For the Software - Infrastructure subindustry, Microprogram Information 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.


Microprogram Information Co's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, Microprogram Information Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Microprogram Information Co Net-Net Working Capital Calculation

Microprogram Information Co'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)
=(628.633+0.75 * 297.016+0.5 * 144.982-279.248
-0-0)/50.058
=12.88

Microprogram Information Co'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)
=(628.633+0.75 * 297.016+0.5 * 144.982-279.248
-0-0)/50.058
=12.88

* 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.


Microprogram Information Co  (ROCO:7721) 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.


Microprogram Information Co Net-Net Working Capital Related Terms

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Microprogram Information Co Business Description

Traded in Other Exchanges
N/A
Address
7th Floor, No. 402, Zhengshi Road, Xitun District, Taichung, TWN, 407
Microprogram Information Co is a company that provides industrial IoT technology services and is committed to allowing their clients to have a better and sustainable life. They focus on the three major areas of electronic payment, wireless sensing and cloud data. Through user research, vertical integration of software and hardware technologies, terminal sensor devices, mobile apps, cloud service platforms and core technologies of big data analysis, we assist transportation and finance, retail, manufacturing, bicycle and other industries to innovate and upgrade. They assist you from definition of requirements, concept creation, product development, to service optimization, using the advantages of software and hardware integration technology.

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