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TrickleStar (SGX:CYW) Net-Net Working Capital : S$0.03 (As of Jun. 2024)


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What is TrickleStar 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.

TrickleStar's Net-Net Working Capital for the quarter that ended in Jun. 2024 was S$0.03.

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

SGX:CYW's Price-to-Net-Net-Working-Capital is ranked better than
96.26% of 1178 companies
in the Hardware industry
Industry Median: 7.43 vs SGX:CYW: 1.30

TrickleStar Net-Net Working Capital Historical Data

The historical data trend for TrickleStar'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.

TrickleStar Net-Net Working Capital Chart

TrickleStar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial 0.05 0.05 0.03 0.04 0.04

TrickleStar Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.04 0.04 0.04 0.03

Competitive Comparison of TrickleStar's Net-Net Working Capital

For the Electronic Components subindustry, TrickleStar'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.


TrickleStar's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

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

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



TrickleStar Net-Net Working Capital Calculation

TrickleStar's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.363+0.75 * 1.56+0.5 * 4.448-4.6
-0-0)/83.5998
=0.04

TrickleStar's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.359+0.75 * 1.515+0.5 * 5.116-4.257
-0-0)/84.2826
=0.03

* 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.


TrickleStar  (SGX:CYW) 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.


TrickleStar Net-Net Working Capital Related Terms

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TrickleStar Business Description

Industry
Traded in Other Exchanges
N/A
Address
Jalan Dutamas 1, C3-U6-15 Solaris Dutamas, Kuala Lumpur, MYS, 50480
TrickleStar Ltd is engaged in design and supply energy-saving products to help consumers reduce energy consumption in their homes and workplaces. Its product portfolio includes Tier 1 PowerStrips, Portable Power Station, Surge Protectors, Tier 2 advanced PowerStrips, DryerSaver, Wi-Fi Electric Water, Heater Controller, Energy Monitor USB Motion Sensor, GSA Approved PowerStrips, Keyboard and PowerSwitch. The Group has only one business segment, which is that of developing and selling advanced power strips, surge protectors, electrical and energy-saving products.

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