GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Maxeon Solar Technologies Ltd (NAS:MAXN) » Definitions » Net-Net Working Capital

Maxeon Solar Technologies (Maxeon Solar Technologies) Net-Net Working Capital : $-11.92 (As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Maxeon Solar Technologies 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.

Maxeon Solar Technologies's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-11.92.

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

MAXN's Price-to-Net-Net-Working-Capital is not ranked *
in the Semiconductors industry.
Industry Median: 8.6
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Maxeon Solar Technologies Net-Net Working Capital Historical Data

The historical data trend for Maxeon Solar Technologies'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.

Maxeon Solar Technologies Net-Net Working Capital Chart

Maxeon Solar Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -10.01 -5.85 -9.14 -16.04 -11.33

Maxeon Solar Technologies 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 -15.59 -10.08 -11.39 -11.33 -11.92

Competitive Comparison of Maxeon Solar Technologies's Net-Net Working Capital

For the Solar subindustry, Maxeon Solar Technologies'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.


Maxeon Solar Technologies's Price-to-Net-Net-Working-Capital Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Maxeon Solar Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Maxeon Solar Technologies Net-Net Working Capital Calculation

Maxeon Solar Technologies's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(190.169+0.75 * 62.687+0.5 * 308.948-997.367
-0-5.751)/53.9591
=-11.33

Maxeon Solar Technologies'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)
=(98.365+0.75 * 38.921+0.5 * 271.695-909.665
-0-5.695)/54.6838
=-11.92

* 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.


Maxeon Solar Technologies  (NAS:MAXN) 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.


Maxeon Solar Technologies Net-Net Working Capital Related Terms

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


Maxeon Solar Technologies (Maxeon Solar Technologies) Business Description

Traded in Other Exchanges
Address
8 Marina Boulevard No. 05-02, Marina Bay Financial Centre, Singapore, SGP, 018981
Maxeon Solar Technologies Ltd is engaged in the manufacturing and marketing of premium solar technology. It owns and operates solar cell and panel manufacturing facilities located in Malaysia, Mexico, and the Philippines. The company's primary products are the Maxeon line of interdigitated back contact (IBC) solar cells and panels, and the Performance line (formerly, P-Series) of shingled solar cells and panels. the Maxeon line of solar panels are the highest-efficiency solar panels on the market with an aesthetically pleasing design, and the Performance line of solar panels offers a high-value and cost-effective solution. It is targeted at residential and small-scale commercial customers across the globe. The company derives its revenue from the United States, France, Italy, and Others.