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Kewaunee Scientific (Kewaunee Scientific) Net-Net Working Capital : $-6.66 (As of Jan. 2024)


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What is Kewaunee Scientific 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.

Kewaunee Scientific's Net-Net Working Capital for the quarter that ended in Jan. 2024 was $-6.66.

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

KEQU's Price-to-Net-Net-Working-Capital is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 5.65
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Kewaunee Scientific Net-Net Working Capital Historical Data

The historical data trend for Kewaunee Scientific'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.

Kewaunee Scientific Net-Net Working Capital Chart

Kewaunee Scientific 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 1.48 -4.52 -3.63 -12.83 -9.86

Kewaunee Scientific 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 -10.49 -9.86 -10.25 -7.96 -6.66

Competitive Comparison of Kewaunee Scientific's Net-Net Working Capital

For the Furnishings, Fixtures & Appliances subindustry, Kewaunee Scientific'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.


Kewaunee Scientific's Price-to-Net-Net-Working-Capital Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Kewaunee Scientific's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Kewaunee Scientific Net-Net Working Capital Calculation

Kewaunee Scientific'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)
=(8.078+0.75 * 46.081+0.5 * 21.889-80.413
-0-1.076)/2.83
=-9.86

Kewaunee Scientific'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)
=(21.312+0.75 * 41.109+0.5 * 21.845-80.963
-0-1.259)/2.875
=-6.66

* 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.


Kewaunee Scientific  (NAS:KEQU) 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.


Kewaunee Scientific Net-Net Working Capital Related Terms

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


Kewaunee Scientific (Kewaunee Scientific) Business Description

Traded in Other Exchanges
Address
2700 West Front street, Statesville, NC, USA, 28677-2927
Kewaunee Scientific Corp is engaged in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products. The company operates through two segments: Domestic and International. The Domestic business segment designs manufacture and install scientific and technical furniture, including steel and wood laboratory cabinetry, fume hoods, laminate casework, flexible systems, work surfaces, workstations, workbenches, and computer enclosures. The International business segment provides facility design, engineering, construction and project management from the planning stage through the testing and commissioning of laboratories. The company generates a majority of its revenue from the Domestic business segment.
Executives
Douglas J. Batdorff officer: VP of Manufacturing Operations 2700 WEST FRONT STREET, STATESVILLE NC 28677
Ryan S. Noble officer: VP-Sales & Marketing-Americas 2700 WEST FRONT STREET, STATESVILLE NC 28677
Elizabeth D Phillips officer: VP - Human Resources 2700 WEST FRONT STREET, STATESVILLE NC 28677
John Russell director 2331 MOHAWK LANE, GLENVIEW IL 60026
Hull Thomas David Iii director, officer: President, CEO 2700 WEST FRONT STREET, STATESVILLE NC 28677
Gardner Donald T. Iii officer: Chief Financial Officer 2700 WEST FRONT STREET, STATESVILLE NC 28677
Keith M Gehl director PO BOX 1017, CHARLOTTE NC 26201-1017
David Rhind director 1450 NORTH DEARBORN STREET, APT. 1A, CHICAGO IL 60610
Margaret B Pyle director 2700 WEST FRONT STREET, STATESVILLE NC 28677-2927
Donald F. Shaw director 662 EAST SUNBURST LANE, TEMPE AZ 85284-1599
Mandar Ranade officer: VP-Information Technology 2700 WEST FRONT STREET, STATESVILLE NC 28677-2927
Michael G. Rok officer: VP of Manufacturing Operations 2700 WEST FRONT STREET, STATESVILLE NC 28677-2927
Lisa L. Ryan officer: VP-Construction/Cust. Servs. 2700 WEST FRONT STREET, STATESVILLE NC 28677-2927
Kurt P Rindoks officer: VP - Engineering/Prod. Dev. 2700 WEST FRONT STREET, STATESVILLE NC 28677-2927
Bhoopathy Sathyamurthy officer: VP-Managing Director-Int'l Ops 2700 WEST FRONT STREET, STATESVILLE NC 28677-2927