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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.
The industry rank for Maxio Technology (Hangzhou) Co's Net-Net Working Capital or its related term are showing as below:
SHSE:688449's Price-to-Net-Net-Working-Capital is ranked worse than 81.43% of 544
companies
in the Semiconductors industry
Industry Median: 11.775
vs SHSE:688449: 36.47
Maxio Technology (Hangzhou) Co (SHSE:688449) 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.
Maxio Technology (Hangzhou) Co Net-Net Working Capital Related Terms
Maxio Technology (Hangzhou) Co Net-Net Working Capital Historical Data
* 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.
Maxio Technology (Hangzhou) Co Net-Net Working Capital Chart
SHSE:688449 vs NVDA, AVGO, MU: Net-Net Working Capital Comparison
For the Semiconductors subindustry, Maxio Technology (Hangzhou) 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.
Maxio Technology (Hangzhou) Co Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Maxio Technology (Hangzhou) Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Maxio Technology (Hangzhou) Co'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 ¥1.81 mean?
Maxio Technology (Hangzhou) Co (SHSE:688449) has a Net-Net Working Capital of ¥1.81 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 Maxio Technology (Hangzhou) Co According to the industry distribution chart, Maxio Technology (Hangzhou) Co ranks #443 out of 544 companies in the Semiconductors industry, placing it in the top 81.4%.
Is Maxio Technology (Hangzhou) Co's Net-Net Working Capital too high?
Maxio Technology (Hangzhou) Co's current Net-Net Working Capital is ¥1.81. Based on the distribution chart, Maxio Technology (Hangzhou) Co ranks #443 out of 544 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Maxio Technology (Hangzhou) Co has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Maxio Technology (Hangzhou) Co's Net-Net Working Capital compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Maxio Technology (Hangzhou) Co ranks #443 out of 544 companies for Net-Net Working Capital. This places Maxio Technology (Hangzhou) Co in the lower half of its industry. The industry median Net-Net Working Capital is 11.78. 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 a Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 11.78, based on 544 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 Maxio Technology (Hangzhou) Co For the Semiconductors industry, the median Net-Net Working Capital is 11.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maxio Technology (Hangzhou) Co's current Net-Net Working Capital is ¥1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maxio Technology (Hangzhou) Co stock overvalued right now?
Maxio Technology (Hangzhou) Co (SHSE:688449) has a current Net-Net Working Capital of ¥1.81. The current Net-Net Working Capital is ¥1.81. Maxio Technology (Hangzhou) Co's overall GF Score™ is 14/100 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 Maxio Technology (Hangzhou) Co (SHSE:688449), the current Net-Net Working Capital is ¥1.81 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.
Maxio Technology (Hangzhou) Co Ltd focuses on the research and industrialization of data management, general IP, and SOC chips. The company series of data storage master chips, AIoT signal processing and transmission chips can be used in consumer electronics, industrial control, data communication, smart Internet of Things and other fields. It products include Solid state drive controller chip, Embedded storage control chip, Network communication chip, etc.
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