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TSPG (TGI Solar Power Group) Net-Net Working Capital : $0.00 (As of Jul. 2023)


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What is TGI Solar Power Group 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.

TGI Solar Power Group's Net-Net Working Capital for the quarter that ended in Jul. 2023 was $0.00.

The industry rank for TGI Solar Power Group's Net-Net Working Capital or its related term are showing as below:

TSPG'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.

TGI Solar Power Group Net-Net Working Capital Historical Data

The historical data trend for TGI Solar Power Group'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.

TGI Solar Power Group Net-Net Working Capital Chart

TGI Solar Power Group Annual Data
Trend Jul15 Jul16 Jul17 Jul22 Jul23
Net-Net Working Capital
- - - - -

TGI Solar Power Group Semi-Annual Data
Jul15 Jul16 Jul17 Jul22 Jul23
Net-Net Working Capital - - - - -

Competitive Comparison of TGI Solar Power Group's Net-Net Working Capital

For the Solar subindustry, TGI Solar Power Group'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.

TGI Solar Power Group's Price-to-Net-Net-Working-Capital Distribution in the Semiconductors Industry

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

* The bar in red indicates where TGI Solar Power Group's Price-to-Net-Net-Working-Capital falls into.


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TGI Solar Power Group Net-Net Working Capital Calculation

TGI Solar Power Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jul. 2023 is calculated as

Net-Net Working Capital(A: Jul. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0-1.009
-0.012-0)/1705.036
=-0.00

TGI Solar Power Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jul. 2023 is calculated as

Net-Net Working Capital(Q: Jul. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0-1.009
-0.012-0)/1705.036
=-0.00

* 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.

TGI Solar Power Group  (OTCPK:TSPG) 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.

TGI Solar Power Group Net-Net Working Capital Related Terms

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TGI Solar Power Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » TGI Solar Power Group Inc (OTCPK:TSPG) » Definitions » Net-Net Working Capital
Comparable Companies
ASTI PTOS GSLR SING APWL VSOLF SUNE VSTE FSLR SHSE:600438 NSE:WAAREEENER SHSE:688223 NXT ENPH NSE:PREMIERENE SHSE:688472 SZSE:002459 SHSE:688599 XKRX:009830 HKSE:00968
Traded in Other Exchanges
N/A
Address
1801 North East 123rd Street, North Miami, FL, USA, 33181
Website
https://www.tgipower.com
TGI Solar Power Group Inc offers its products and services to clients on a world-wide basis and maintains JVs and strategic alliances with installation, integration and energy consulting firms. TGI's plans to acquire new-patented technologies, components, processes, designs and methods with commercial value to generate shareholder value.
Executives
R Paul Gray director, 10 percent owner, officer: Executive VP of Business Dev. C/O UNITED THERAPEUTICS CORP, 1110 SPRING STREET, SILVER SPRINGS MD 20910
David A Dedman director 44050 ASHBURN PLAZA, SUITE 195, ASHBURN VA 20147
Neil Booth Strodel director 6 TEASEL LANE, SKANEATELES NY 13152
Wisneski John Thomas Jr director 2706 CLEARVIEW ROAD, ALLISON PARK PA 15101
Matthew Freeman Taylor director, other: Self 839 SOUTHRIDGE GREENS BLVD, FORT COLLINS CO 80525
Sequence Holdings Llc 10 percent owner 192 EAST BAY STREET, SUITE 300, CHARLESTON SC 29401
Linda Joy Putnam officer: Vice President and CFO 141 HERNDON MILL CIRCLE, HERNDON VA 20170
Core Concepts, Llc 10 percent owner 44050 ASHBURN PLAZA, SUITE 195, ASHBURN VA 20147
Timothy S Novak director, 10 percent owner, other: * See Remarks 8374 MARKET ST, STE 439, BRADENTON FL 34202
Tenthgate, Inc. 10 percent owner 44050 ASHBURN PLAZA, SUITE 195, ASHBURN VA 20147