SCIL has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
SCIL has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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.
Scientific Learning's Net-Net Working Capital for the quarter that ended in Jun. 2017 was $-0.51.
The industry rank for Scientific Learning's Net-Net Working Capital or its related term are showing as below:
The historical data trend for Scientific Learning'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.
Scientific Learning Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Net-Net Working Capital | Get a 7-Day Free Trial | -0.58 | -0.56 | -0.45 | -0.44 | -0.50 |
Scientific Learning Quarterly Data | ||||||||||||||||||||
Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | |
Net-Net Working Capital | Get a 7-Day Free Trial | -0.49 | -0.49 | -0.50 | -0.53 | -0.51 |
For the Education & Training Services subindustry, Scientific Learning'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.
For the Education industry and Consumer Defensive sector, Scientific Learning's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Scientific Learning's Price-to-Net-Net-Working-Capital falls into.
Scientific Learning's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2016 is calculated as
Net-Net Working Capital | (A: Dec. 2016 ) | ||||||
= | (Cash, Cash Equivalents, Marketable Securities | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (2.725 | + | 0.75 * 2.671 | + | 0.5 * 0 | - | 17.087 |
- | 0 | - | 0) | / | 24.5085 | ||
= | -0.50 |
Scientific Learning's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2017 is calculated as
Net-Net Working Capital | (Q: Jun. 2017 ) | ||||||
= | (Cash, Cash Equivalents, Marketable Securities | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (0.906 | + | 0.75 * 2.648 | + | 0.5 * 0 | - | 15.454 |
- | 0 | - | 0) | / | 24.5148 | ||
= | -0.51 |
* 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.
Scientific Learning (OTCPK:SCIL) 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.
Thank you for viewing the detailed overview of Scientific Learning's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven G. Simon | 10 percent owner | TRIGRAN INVESTMENTS, INC., 630 DUNDEE ROAD, SUITE 230, NORTHBROOK IL 60062 |
Lawrence A Oberman | 10 percent owner | TRIGRAN INVESTMENTS, INC., 630 DUNDEE ROAD, SUITE 230, NORTHBROOK IL 60062 |
Trigran Investments Lp | 10 percent owner | 630 DUNDEE ROAD, SUITE 230, NORTHBROOK IL 60062 |
Trigran Investments, Inc. | 10 percent owner | 630 DUNDEE ROAD, SUITE 230, NORTHBROOK IL 60062 |
Douglas Granat | 10 percent owner | TRIGRAN INVESTMENTS, INC., SUITE 230, NORTHBROOK IL 60062 |
Jane A Freeman | officer: Chief Financial Officer | ALLSPRING FUNDS MANAGEMENT, LLC, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105 |
Osmium Capital Lp | 10 percent owner | 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904 |
Osmium Partners, Llc | 10 percent owner | 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904 |
Osmium Spartan L P | 10 percent owner | 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904 |
John Hartnett Lewis | 10 percent owner | 388 MARKET STREET, SUITE 920, SAN FRANCISCO CA 94111 |
Osmium Capital Ii, Lp | 10 percent owner | 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904 |
Gayle A Crowell | director | |
Dino A Rossi | director | 61 WATROO POINT, DANIEL ISLAND SC 29492 |
Joseph B Martin | director | C/O BAXTER INTERNATIONAL INC., ONE BAXTER PARKWAY, DEERFIELD IL 60015 |
Warburg Pincus Ventures Lp | 10 percent owner | E M WARBURG PINCUS & CO INC 466 LEXINGTON AVE 10TH FL NEW YORK NY 10017-3147 |
From GuruFocus
By gurufocus • 03-12-2009
By GuruFocus GuruFocus • 04-09-2012
By gurufocus 10qk • 11-06-2009
By gurufocus 10qk • 11-02-2010
By gurufocus • 08-12-2009
By gurufocus 10qk • 04-28-2010
By PRNewswire PRNewswire • 04-15-2020
By Mariusz Skonieczny Mariusz Skonieczny • 09-23-2010
By PRNewswire PRNewswire • 05-21-2020
By gurufocus 10qk • 08-13-2010
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.