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Windflow Technology (Windflow Technology) Net-Net Working Capital : $-0.03 (As of Dec. 2017)


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What is Windflow Technology 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.

Windflow Technology's Net-Net Working Capital for the quarter that ended in Dec. 2017 was $-0.03.

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

WFLWY's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 6.89
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Windflow Technology Net-Net Working Capital Historical Data

The historical data trend for Windflow Technology'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.

Windflow Technology Net-Net Working Capital Chart

Windflow Technology Annual Data
Trend Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.81 -1.11 -1.64 -1.14 -2.20

Windflow Technology Semi-Annual Data
Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17
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 -1.03 -1.14 -1.23 -2.20 -0.03

Competitive Comparison of Windflow Technology's Net-Net Working Capital

For the Specialty Industrial Machinery subindustry, Windflow Technology'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.


Windflow Technology's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

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

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



Windflow Technology Net-Net Working Capital Calculation

Windflow Technology's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2017 is calculated as

Net-Net Working Capital(A: Jun. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.246+0.75 * 0.101+0.5 * 1.594-16.327
-6.137--0.097)/9.66149
=-2.20

Windflow Technology's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2017 is calculated as

Net-Net Working Capital(Q: Dec. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.111+0.75 * 0.309+0.5 * 1.722-1.508
-0-0)/9.66149
=-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.


Windflow Technology  (GREY:WFLWY) 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.


Windflow Technology Net-Net Working Capital Related Terms

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Windflow Technology (Windflow Technology) Business Description

Traded in Other Exchanges
N/A
Address
Windflow Technology Ltd is engaged in the manufacturing and development of wind turbines. The company operates in two segments namely Wind Turbines segment, Licensing segment, and Corporate segment. Wind Turbines Segment Represents manufacturing, installing, commissioning, selling, operating and maintaining wind turbines and related parts. Licensing Segment includes licensing agreements. And corporate segment includes designing and development of wind turbine and its marketing. Some of its projects include Te Rere Hau, Gebbies Pass, Long Gully and United Kingdom Projects. It generates a majority of its revenue from Wind Turbines. Geographically, the company gets a major share of its revenue from New Zealand.

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