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Sixxon Tech Co (TPE:4569) Net-Net Working Capital : NT$25.54 (As of Mar. 2025)


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What is Sixxon Tech 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.

Sixxon Tech Co's Net-Net Working Capital for the quarter that ended in Mar. 2025 was NT$25.54.

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

TPE:4569's Price-to-Net-Net-Working-Capital is ranked better than
62.37% of 1358 companies
in the Industrial Products industry
Industry Median: 8.5 vs TPE:4569: 5.64

Sixxon Tech Co Net-Net Working Capital Historical Data

The historical data trend for Sixxon Tech 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.

Sixxon Tech Co Net-Net Working Capital Chart

Sixxon Tech Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
20.44 27.19 31.90 42.44 27.86

Sixxon Tech Co Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 40.66 39.68 36.75 27.86 25.54

Competitive Comparison of Sixxon Tech Co's Net-Net Working Capital

For the Metal Fabrication subindustry, Sixxon Tech 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.


Sixxon Tech Co's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sixxon Tech Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Sixxon Tech Co Net-Net Working Capital Calculation

Sixxon Tech 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)
=(892.391+0.75 * 392.905+0.5 * 316.725-479.735
-0-1.936)/31.000
=27.86

Sixxon Tech Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1355.109+0.75 * 463.262+0.5 * 318.909-1073.655
-0-1.977)/30.796
=25.54

* 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.


Sixxon Tech Co  (TPE:4569) 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.


Sixxon Tech Co Net-Net Working Capital Related Terms

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Sixxon Tech Co Business Description

Traded in Other Exchanges
N/A
Address
Hibiscus Way, 802 West Bay Road, P.O. Box 31119 Grand Pavilion, Taipei City, CYM, KY1-120
Sixxon Tech Co Ltd is a product solutions company providing comprehensive design, manufacturing, supply chain, and product management services. Its main business is the design, manufacturing, processing, and sales of precision metal parts and components of automotive, industrial applications, electronics, and medical products. The company uses 3D design software as development aids for metal raw materials such as copper, aluminum, titanium alloys, steel, and stainless steel, and complex multi-axis machines to enable Various metal materials to be processed in a single machine; and through on-site monitoring software. Geographically, it operates in Thailand, China, United States and Others.

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