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Enable Ipc (Enable Ipc) Net-Net Working Capital : $-0.03 (As of Sep. 2008)


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What is Enable Ipc 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.

Enable Ipc's Net-Net Working Capital for the quarter that ended in Sep. 2008 was $-0.03.

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

EIPC's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 6.855
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Enable Ipc Net-Net Working Capital Historical Data

The historical data trend for Enable Ipc'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.

Enable Ipc Net-Net Working Capital Chart

Enable Ipc Annual Data
Trend Mar05 Mar06 Mar07 Mar08
Net-Net Working Capital
- -0.08 -0.10 -0.03

Enable Ipc Quarterly Data
Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08
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 -0.06 -0.05 -0.03 -0.03 -0.03

Competitive Comparison of Enable Ipc's Net-Net Working Capital

For the Electrical Equipment & Parts subindustry, Enable Ipc'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.


Enable Ipc's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

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

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



Enable Ipc Net-Net Working Capital Calculation

Enable Ipc's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2008 is calculated as

Net-Net Working Capital(A: Mar. 2008 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.04+0.75 * 0+0.5 * 0-1.009
-0-0)/31.464
=-0.03

Enable Ipc's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2008 is calculated as

Net-Net Working Capital(Q: Sep. 2008 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.002+0.75 * 0+0.5 * 0-1.037
-0-0)/37.6184
=-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.


Enable Ipc  (OTCPK:EIPC) 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.


Enable Ipc Net-Net Working Capital Related Terms

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Enable Ipc (Enable Ipc) Business Description

Traded in Other Exchanges
N/A
Address
26893 Bouquet Canyon Road, Suite C-110, Saugus, CA, USA, 91350
Enable Ipc Corp. is engaged in the development of new power technologies that combine thin films and nanotechnology. The company's products include potentiostat, galvanostat and impedance anaylzer systems.

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