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Sigmatron International (Sigmatron International) Net-Net Working Capital : $-11.63 (As of Jan. 2024)


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What is Sigmatron International 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.

Sigmatron International's Net-Net Working Capital for the quarter that ended in Jan. 2024 was $-11.63.

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

SGMA's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 6.93
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sigmatron International Net-Net Working Capital Historical Data

The historical data trend for Sigmatron International'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.

Sigmatron International Net-Net Working Capital Chart

Sigmatron International Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.44 -10.31 -13.93 -14.88 -13.50

Sigmatron International Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -14.55 -13.50 -12.68 -11.61 -11.63

Competitive Comparison of Sigmatron International's Net-Net Working Capital

For the Electronic Components subindustry, Sigmatron International'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.


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

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

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



Sigmatron International Net-Net Working Capital Calculation

Sigmatron International's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Apr. 2023 is calculated as

Net-Net Working Capital(A: Apr. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.819+0.75 * 46.285+0.5 * 165.555-200.536
-0-0)/6.09129
=-13.50

Sigmatron International's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jan. 2024 is calculated as

Net-Net Working Capital(Q: Jan. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.717+0.75 * 42.429+0.5 * 135.483-174.173
-0-0)/6.09429
=-11.63

* 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.


Sigmatron International  (NAS:SGMA) 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.


Sigmatron International Net-Net Working Capital Related Terms

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Sigmatron International (Sigmatron International) Business Description

Traded in Other Exchanges
Address
2201 Landmeier Road, Elk Grove Village, IL, USA, 60007
Sigmatron International Inc is an independent provider of electronic manufacturing services (EMS). It provides printed circuit board assemblies and completely assembled electronic products. In addition, it also provides automatic and manual assembly and testing of products; material sourcing and procurement; manufacturing and test engineering support; warehousing and distribution services. The company primarily serves the industrial electronics, consumer electronics, and medical sciences industries. It has two reportable segments as an independent provider of electronic manufacturing services ("EMS") and as a provider of products to pet technology ("Pet Tech"). Geographically, it derives a majority of its revenue from Mexico and also has a presence in China and Vietnam.
Executives
John P Sheehan officer: V.P. Director of Materials
Linda K Frauendorfer director, officer: Chief Financial Officer 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007
James E. Barnes officer: Executive V.P. of Operations C/O SIGMATRON INTERNATIONAL, INC., 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007
James J Reiman officer: CHIEF FINANCIAL OFFICER C/O SIGMATRON INTERNATIONAL INC., 2201 LANDMEIER RD, ELK GROVE VILLAGE IL 60007
Raj B Upadhyaya officer: Executive Vice President SIGMATRON INTERNATIONAL, INC., 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007
Gregory A Fairhead officer: Executive V.P. Operations
Gary R Fairhead director, officer: Director, President & CEO 110 S EVERGREEN #6DS, ARLINGTON HEIGHTS IL 60005
Thomas W Rieck director 1401 BROOK DRIVE, DOWNERS GROVE IL 60515
Barry R Horek director 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007
Bruce J Mantia director 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007
Paul J Plante director C/O RICHARDSON ELECTRONICS, LTD., PO BOX 393, 40W267 KESLINGER RD., LAFOX IL 60147
Dilip S Vyas director
Daniel P Camp officer: V.P. Acuna Operations 2201 LANDMEIER ROAD, SIGMATRON INTERNATIONAL INC, ELK GROVE VILLAGE IL 60007
Hom-ming Chang officer: V.P. China Operations C/O SIGMATRON INTERNATIONAL, INC., 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007
Tang Foundation For Reseach Of Traditional Chinese Medicine 10 percent owner C/O SIGMATRON INTERNATIONA INC, 2201 LANDMEIER ROAD, ELK GROVE VILLAGE IL 60007

Sigmatron International (Sigmatron International) Headlines