Cornerstone OnDemand (Cornerstone OnDemand) Net-Net Working Capital : $-21.43 (As of Jun. 2021)

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What is Cornerstone OnDemand 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.

Cornerstone OnDemand's Net-Net Working Capital for the quarter that ended in Jun. 2021 was $-21.43.

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

CSOD's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Software industry.
Industry Median: 7.44
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Cornerstone OnDemand Net-Net Working Capital Historical Data

The historical data trend for Cornerstone OnDemand'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.

Cornerstone OnDemand Net-Net Working Capital Chart

Cornerstone OnDemand Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Net-Net Working Capital

Get a 7-Day Free Trial

-3.40

-4.63

-4.60

-4.78

-23.82

Cornerstone OnDemand Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Net-Net Working Capital	Get a 7-Day Free Trial															-24.76	-23.95	-23.82	-22.36	-21.43

Competitive Comparison of Cornerstone OnDemand's Net-Net Working Capital

For the Software - Application subindustry, Cornerstone OnDemand'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.

Cornerstone OnDemand's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, Cornerstone OnDemand's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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

Cornerstone OnDemand Net-Net Working Capital Calculation

Cornerstone OnDemand's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2020 is calculated as

	Net-Net Working Capital		(A: Dec. 2020 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(153.151	+	0.75 * 221.461	+	0.5 * 0	-	1865.695
-	0	-	0)	/	64.9262
=	-23.82

Cornerstone OnDemand's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2021 is calculated as

	Net-Net Working Capital		(Q: Jun. 2021 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(147.025	+	0.75 * 140.751	+	0.5 * 0	-	1680.465
-	0	-	0)	/	66.6422
=	-21.43

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.

Cornerstone OnDemand (NAS:CSOD) 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.

Cornerstone OnDemand Net-Net Working Capital Related Terms

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Cornerstone OnDemand (Cornerstone OnDemand) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cornerstone OnDemand Inc (NAS:CSOD) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

1601 Cloverfield Boulevard, Suite 620 South, Santa Monica, CA, USA, 90404

Website

http://www.cornerstoneondemand.com

Cornerstone OnDemand is a fast-growing provider of cloud-based talent-management solutions. While the company is best known for its learning management application, which is considered best in class, the company's products have evolved in recent years, with the company adding features such as recruiting, performance and other development tools. Most of the revenue is recurring, as the company is de-emphasizing implementation services and will rely more on integration partners going forward. As of the end of 2018, the company served 3,535 clients with more than 40 million users across more than 190 countries.

Executives

Adam L Miller	director, officer: Chief Executive Officer	C/O CORNERSTONE ONDEMAND, INC. 1601 CLOVERFIELD BLVD., SUITE 620 SOUTH SANTA MONICA CA 90404
Adam J. Weiss	officer: Chief Administrative Officer	1601 CLOVERFIELD BOULEVARD SUITE 620 SANTA MONICA CA 90404
Patricia Coughlin	officer: PAO and Interim CFO	1601 CLOVERFIELD BLVD., STE 620 SANTA MONICA CA 90404
Heidi Spirgi	officer: Chief Mktg & Strategy Officer	1601 CLOVERFIELD BLVD., STE 620 SANTA MONICA CA 90404
Mark Goldin	officer: Chief Technology Officer	C/O CORNERSTONE ONDEMAND, INC. 1601 CLOVERFIELD BLVD., SUITE 620 SOUTH SANTA MONICA CA 90404
Philip Seth Saunders	officer: Chief Executive Officer	13 MAPLE KNOLL LANE, MANALAPAN NJ 07726
Jeff Lautenbach	officer: President, Global Field Ops	1601 CLOVERFIELD BLVD., SUITE 620 SOUTH SANTA MONICA CA 90404
Richard M Haddrill	director	2300 WINDY RIDGE PKWY, ATLANTA GA 30339
Kristina Salen	director	1601 CLOVERFIELD BLVD., SUITE 620, SANTA MONICA CA 90404
Dean E. Carter	director	1601 CLOVERFIELD BLVD., SUITE 620 SOUTH SANTA MONICA CA 90404
Joseph Osnoss	director	C/O SILVER LAKE EUROPE LLP, BROADBENT HOUSE, 65 GROSVENOR STREET, LONDON X0 W1K 3JH
Elisa Steele	director	1601 CLOVERFIELD BLVD, STE 620 SOUTH, SANTA MONICA CA 90404
Marcus Ryu	director	2850 S DELAWARE STREET, SUITE 400, SAN MATEO CA 94403
Robert N Cavanaugh	director	1601 CLOVERFIELD BLVD., SUITE 620, SANTA MONICA CA 90404
Steffan Tomlinson	director	PALO ALTO NETWORKS, INC., 3300 OLCOTT STREET, SANTA CLARA CA 95054