GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Anritsu Corp (OTCPK:AITUF) » Definitions » Net-Net Working Capital

Anritsu (Anritsu) Net-Net Working Capital : $2.30 (As of Mar. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Anritsu 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.

Anritsu's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $2.30.

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

AITUF's Price-to-Net-Net-Working-Capital is ranked better than
75.09% of 1144 companies
in the Hardware industry
Industry Median: 6.93 vs AITUF: 3.46

Anritsu Net-Net Working Capital Historical Data

The historical data trend for Anritsu'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.

Anritsu Net-Net Working Capital Chart

Anritsu Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.24 2.99 2.46 2.05 2.30

Anritsu 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 2.05 2.00 2.09 2.05 2.30

Competitive Comparison of Anritsu's Net-Net Working Capital

For the Electronic Components subindustry, Anritsu'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.


Anritsu's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Anritsu's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Anritsu Net-Net Working Capital Calculation

Anritsu's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(304.809+0.75 * 191.051+0.5 * 185.958-237.354
-0-0.033)/131.758
=2.30

Anritsu'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)
=(304.809+0.75 * 191.051+0.5 * 185.958-237.354
-0-0.033)/131.758
=2.30

* 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.


Anritsu  (OTCPK:AITUF) 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.


Anritsu Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Anritsu's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Anritsu (Anritsu) Business Description

Traded in Other Exchanges
Address
5-1-1 Onna, Atsugi-shi, Kanagawa, JPN, 243-8555
Anritsu Corp is an electronic components manufacturer. The company has three business segments: Measurement, Products Quality Assurance, and Others. The Measurement segment offers measuring devices for mobile phone acceptance testing by mobile phone operators. The Product Quality Assurance Segment offers automatic electronic weighing equipment and contaminant detectors for food, cosmetics, and pharmaceutical industries, and x-ray detectors for contaminants. Anritsu's x-ray machines can detect and remove metal fragments. The Other business segment has a variety of interests, including telecommunication equipment, logistics, and real estate. The company earns the vast majority of its revenue in Japan.

Anritsu (Anritsu) Headlines

No Headlines