NNWC Screen

Stocks trading below Net Net Working Capital Value

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How to Backtest Yourself

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Quick Screen Summary

Screens for stocks where the price of the stock is trading below the Net Net Working Capital (NNWC).

NNWC = Cash & Equivalents + (Accounts Receivables x 0.75) + (Inventory x 0.5) - Total Liabilities

NNWC is more conservative than NCAV as it discounts certain items of the balance sheet.

NNWC can be considered as the liquidation value.

Read more: NCAV NNWC backtest