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Micron Solutions (Micron Solutions) Net-Net Working Capital : $-1.08 (As of Mar. 2023)


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What is Micron Solutions 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.

Micron Solutions's Net-Net Working Capital for the quarter that ended in Mar. 2023 was $-1.08.

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

MICRD's Price-to-Net-Net-Working-Capital is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 6.29
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Micron Solutions Net-Net Working Capital Historical Data

The historical data trend for Micron Solutions'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.

Micron Solutions Net-Net Working Capital Chart

Micron Solutions Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.61 -1.27 -0.74 -0.92 -0.95

Micron Solutions Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -1.09 -0.98 -1.03 -0.95 -1.08

Competitive Comparison of Micron Solutions's Net-Net Working Capital

For the Medical Devices subindustry, Micron Solutions'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.


Micron Solutions's Price-to-Net-Net-Working-Capital Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Micron Solutions's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Micron Solutions Net-Net Working Capital Calculation

Micron Solutions's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.006+0.75 * 3.438+0.5 * 3.2-7.188
-0-0)/3.17413
=-0.95

Micron Solutions's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2023 is calculated as

Net-Net Working Capital(Q: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.007+0.75 * 3.176+0.5 * 3.385-7.509
-0-0)/3.17413
=-1.08

* 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.


Micron Solutions  (OTCPK:MICRD) 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.


Micron Solutions Net-Net Working Capital Related Terms

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


Micron Solutions (Micron Solutions) Business Description

Traded in Other Exchanges
N/A
Address
25 Sawyer Passway, Fitchburg, MA, USA, 01420
Micron Solutions Inc is a diversified contract manufacturing organization that produces engineered medical device components requiring precision machining and injection molding. It provides design, engineering, quality, and regulatory expertise across the three product lines, machining, thermoplastic injection molding, and sensors. It's engaged in the production and sale of silver chloride-coated and conductive resin sensors used as consumable component parts in the manufacture of integrated disposable electrophysiological sensors. It also provides other value-added services, including the design, manufacture, and rehabilitation of injection molding tools, pad printing, ultrasonic welding, stamping, laser marking, clean room molding, and others.
Executives
Steven D. Heinemann 10 percent owner C/O GOOSE HILL CAPITAL, 546 FIFTH AVENUE, 14TH FLOOR, NEW YORK NY 10036
Wayne M Coll officer: CFO
Rodd Friedman director, 10 percent owner 12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854
Jason Russell Chambers director 4355 COBB PKWY, SUITE J BOX 269, ATLANTA 2Q 30339
Robert A Mello director C/O IRIS INTERNATIONAL, INC., 9158 ETON AVENUE, CHATSWORTH CA 91311
William J. Laursen director, officer: Chief Executive Officer 13 PENINSULA ROAD, HARVARD MA 01451
Andrei Soran director 28 LOTHROP STREET, NEWTON MA 02460
Bryan Ganz director C/O ARRHYTHMIA RESEARCH TECHNOLOGY, INC., 25 SAWYER PASSWAY, FITCHBURG MA 01420
Ref Securities & Co. 10 percent owner 12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854
Marco Benedetti director 9645 WEHRLE DRIVE, CLARENCE NY 14031
Salvatore Jr Emma director, officer: PRESIDENT and CEO 20 LONGLEY ROAD, SHIRLEY MA 01464
Derek Thomas Welch officer: Prin.Financial & Accounting 405 NEW WEST TOWNSEND ROAD, LUNENBURG MA 01462
Patrick L Muldoon director 215 HUBBARDSTON ROAD, PRINCETON MA 01541
Michael S Gunter director 104 CAMBRIDGE PLAZA DRIVE, WINSTON-SALEM NC 27104
Michael Francis Nolan officer: Chief Operating Officer 25 SAWYER PASSWAY, FITCHBURG MA 01420

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