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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.
Smartsheet's Net-Net Working Capital for the quarter that ended in Jan. 2024 was $0.56.
The industry rank for Smartsheet's Net-Net Working Capital or its related term are showing as below:
The historical data trend for Smartsheet'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.
For the Software - Application subindustry, Smartsheet'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 Software industry and Technology sector, Smartsheet's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Smartsheet's Price-to-Net-Net-Working-Capital falls into.
Smartsheet's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jan. 2024 is calculated as
Net-Net Working Capital | (A: Jan. 2024 ) | ||||||
= | (Cash, Cash Equivalents, Marketable Securities | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (628.795 | + | 0.75 * 238.708 | + | 0.5 * 0 | - | 731.624 |
- | 0 | - | 0) | / | 136.884 | ||
= | 0.56 |
Smartsheet'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) | ||
= | (628.795 | + | 0.75 * 238.708 | + | 0.5 * 0 | - | 731.624 |
- | 0 | - | 0) | / | 136.884 | ||
= | 0.56 |
* 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.
Smartsheet (NYSE:SMAR) 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 Smartsheet's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.
Jolene Lau Marshall | officer: Chief Legal Officer | C/O SMARTSHEET INC., 10500 NE 8TH STREET, #1, BELLEVUE WA 98004 |
Michael Arntz | officer: Chief Revenue Officer | C/O SMARTSHEET INC., 10500 NE 8TH ST, STE 1300, BELLEVUE WA 98004 |
Pete Godbole | officer: CFO & Treasurer | C/O SMARTSHEET INC., 10500 NE 8TH ST. #1, BELLEVUE WA 98004 |
Alissa Jamese Abdullah | director | C/O SMARTSHEET INC., 10500 NE 8TH ST. #1300, BELLEVUE WA 98004 |
Mark Patrick Mader | director, officer: President and CEO | 3514 45TH AVE NE, SEATTLE WA 98105 |
James N White | director | 755 PAGE MILL ROAD, SUITE A-200, PALO ALTO CA 94304-1005 |
Geoffrey T Barker | director | 1 MARKET PLAZA, STEUART TOWER, SUITE 800, SAN FRANCISCO CA 94105 |
Khozema Shipchandler | director | C/O PIVOTAL SOFTWARE, INC., 875 HOWARD STREET, FIFTH FLOOR, SAN FRANCISCO CA 94103 |
Michael P Gregoire | director | C/O CA, INC., ONE CA PLAZA, ISLANDIA NY 11749 |
Stephen Robert Branstetter | officer: Chief Operating Officer | C/O SMARTSHEET INC., 10500 NE 8TH STREET, #1, BELLEVUE WA 98004 |
Elena Gomez | director | TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215 |
Megan Hansen | officer: Chief People & Culture Officer | C/O SMARTSHEET INC., 10500 NE 8TH ST. #1300, BELLEVUE WA 98004 |
Dennis M Durkin | director | C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BLVD, SANTA MONICA CA 90405 |
Andrew Lee Bennett | officer: Chief Marketing Officer | C/O SMARTSHEET INC., 10500 NE 8TH STREET, #1, BELLEVUE WA 98004 |
Matthew S Mcilwain | director | 1000 SECOND AVENUE, SUITE 3700, SEATTLE WA 98104 |
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