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National Silicon Industry Group Co (SHSE:688126) Net-Net Working Capital : ¥-2.16 (As of Mar. 2024)


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What is National Silicon Industry Group 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.

National Silicon Industry Group Co's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ¥-2.16.

The industry rank for National Silicon Industry Group Co's Net-Net Working Capital or its related term are showing as below:

SHSE:688126's Price-to-Net-Net-Working-Capital is not ranked *
in the Semiconductors industry.
Industry Median: 8.29
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

National Silicon Industry Group Co Net-Net Working Capital Historical Data

The historical data trend for National Silicon Industry Group 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.

National Silicon Industry Group Co Net-Net Working Capital Chart

National Silicon Industry Group Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -2.00 -0.96 -1.58 -0.51 -1.84

National Silicon Industry Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.83 -1.51 -1.69 -1.84 -2.16

Competitive Comparison of National Silicon Industry Group Co's Net-Net Working Capital

For the Semiconductor Equipment & Materials subindustry, National Silicon Industry Group 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.


National Silicon Industry Group Co's Price-to-Net-Net-Working-Capital Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, National Silicon Industry Group Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where National Silicon Industry Group Co's Price-to-Net-Net-Working-Capital falls into.



National Silicon Industry Group Co Net-Net Working Capital Calculation

National Silicon Industry Group Co'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)
=(7717.546+0.75 * 568.36+0.5 * 1449.018-8526.434
-0-5390.981)/2747.18
=-1.84

National Silicon Industry Group Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6423.039+0.75 * 839.506+0.5 * 1387.778-8325.161
-0-5360.104)/2747.18
=-2.16

* 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.


National Silicon Industry Group Co  (SHSE:688126) 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.


National Silicon Industry Group Co Net-Net Working Capital Related Terms

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National Silicon Industry Group Co (SHSE:688126) Business Description

Traded in Other Exchanges
N/A
Address
No. 865 Changning Road, 4th Floor, Building 5, Shanghai, CHN, 200050
National Silicon Industry Group was founded in 2015 after reorganizing several smaller silicon producers. Its major subsidiaries are Zing Semiconductor and Simgui domestically, and Okmetic in Finland. The company had an annual production capacity of 9 million wafers at the end of 2022. NSIG holds a 9% stake in France-based Soitec, which is both a supplier and a customer. NSIG is headquartered in Shanghai, China and employs over 2,400 people.

National Silicon Industry Group Co (SHSE:688126) Headlines

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