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SEVAP.PFD (Sevcon) Net-Net Working Capital : $0.00 (As of Jun. 2017)


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What is Sevcon 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.

Sevcon's Net-Net Working Capital for the quarter that ended in Jun. 2017 was $0.00.

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

SEVAP.PFD's Price-to-Net-Net-Working-Capital is not ranked *
in the Semiconductors industry.
Industry Median: 7.65
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sevcon Net-Net Working Capital Historical Data

The historical data trend for Sevcon'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.

Sevcon Net-Net Working Capital Chart

Sevcon Annual Data
Trend Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Net-Net Working Capital
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Sevcon Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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Competitive Comparison of Sevcon's Net-Net Working Capital

For the Semiconductors subindustry, Sevcon'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.


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

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

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


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Sevcon Net-Net Working Capital Calculation

Sevcon's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2016 is calculated as

Net-Net Working Capital(A: Sep. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(14.127+0.75 * 11.499+0.5 * 13.666-47.202
-0.045-0.032)/0
=N/A

Sevcon's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2017 is calculated as

Net-Net Working Capital(Q: Jun. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.318+0.75 * 15.243+0.5 * 17.072-52.51
-0.042--0.115)/0
=N/A

* 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.


Sevcon  (OTCPK:SEVAP.PFD) 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.


Sevcon Net-Net Working Capital Related Terms

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


Sevcon Business Description

Traded in Other Exchanges
N/A
Address
Sevcon Inc through its wholly-owned subsidiaries is engaged in designing and selling, under the Sevcon name, motor controls for zero emission electric and hybrid vehicles.
Executives
Bassi Holding S.r.l. 10 percent owner VIA MENSA 3/2, S. MARIA IN FABRIAGO, LUGO (RA) L6 48022
Andrea Bassi 10 percent owner, officer: General Manager, Bassi S.r.l VIA MENSA, 3/2 S MARIA IN FABRIAGO, LUGO RA L6 48022
David Sidlow officer: Managing Director, Sevcon Ltd KINGSWAY SOUTH, GATESHEAD, TYNE AND WEAR X0 NE11 0QA
Meson Constructive Capital Lp 10 percent owner 12 ARANA CIRCLE, SAUSALITO CA 94965
Matthew Goldfarb director C/O DIEBOLD NIXDORF, INCORPORATED, 5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Ryan J. Morris director 531 E. STATE ST., ITHACA NY 14850
Glenn Angiolillo director C/O NYMAGIC INC, 919 THIRD AVENUE, 10TH FLOOR, NEW YORK NY 10022
Walter Milton Schenker director 1130 ROUTE 46, SUITE 22, PARSIPPANY NJ 07054
Frederick A Wang director 155 NORTHBORO ROAD, SOUTHBOROUGH MA 01772
William J Ketelhut director C/O ENERGY CONVERSION DEVICES INC, 2956 WATERVIEW DR, ROCHESTER HILLS MI 48309
Paul Neil Farquhar officer: Vice President and Treasurer 3 DUXBURY PARK, FATFIELD, WASHINGTON X0 NE38 8BJ
Marvin G Schorr director NINE HAMPSHIRE STREET, MANSFIELD MA 02048-9171
Bernard F Start director
Paul B Rosenberg director
Paul O Stump director C/O TECH/OPS SEVCON, INC., 155 NORTHBORO ROAD, SOUTHBOROUGH MA 01772