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SciQuest (SciQuest) Net-Net Working Capital : $2.62 (As of Mar. 2016)


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What is SciQuest 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.

SciQuest's Net-Net Working Capital for the quarter that ended in Mar. 2016 was $2.62.

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

SQI's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.09
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

SciQuest Net-Net Working Capital Historical Data

The historical data trend for SciQuest'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.

SciQuest Net-Net Working Capital Chart

SciQuest Annual Data
Trend Dec02 Dec03 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 -0.80 -1.73 2.04 2.47

SciQuest Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 2.14 2.26 2.39 2.47 2.62

Competitive Comparison of SciQuest's Net-Net Working Capital

For the Software - Application subindustry, SciQuest'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.


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

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

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



SciQuest Net-Net Working Capital Calculation

SciQuest's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2015 is calculated as

Net-Net Working Capital(A: Dec. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(142.505+0.75 * 12.632+0.5 * 0-83.314
-0-0)/27.851
=2.47

SciQuest's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2016 is calculated as

Net-Net Working Capital(Q: Mar. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(136.321+0.75 * 10.126+0.5 * 0-70.974
-0-0)/27.808
=2.62

* 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.


SciQuest  (NAS:SQI) 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.


SciQuest Net-Net Working Capital Related Terms

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


SciQuest (SciQuest) Business Description

Industry
Traded in Other Exchanges
N/A
Address
SciQuest Inc was incorporated in November, 1995. The Company provides cloud-based business automation solutions for spend management. Its solutions include spend analytics solutions that cleanse and classify spend data from a wide variety of sources and formats putting data and analytics to work to drive and measure cost savings; sourcing solutions that create events, manage bids and award contracts automatically to simplify and optimize the bidding process; supplier management solutions that facilitate on-boarding, maintaining and managing supplier relationships and give visibility into which suppliers are able to support goals; contract lifecycle management solutions that automate the contract lifecycle from contract authoring, automated workflow approvals to a fully searchable archive of executed contracts; procurement solutions that automate the purchasing process and drive contract compliance; inventory management solutions that facilitate finding, sourcing and tracking chemicals and research supplies; accounts payable solutions that automate the invoice processing and vendor payment processes; and a supplier network that provides a single platform for all supplier interactions. Its spend management solutions provide a return on investment for its customers by facilitating the reduction of spending on goods and services, enhancing visibility and control over spending decisions and practices as well as optimizing the efficiency of key business processes. The procurement, supplier management and accounts payable solutions leverage its managed Company Supplier Network, which facilitates its customers doing business with many thousands of suppliers and spending billions of dollars annually. The Company delivers cloud-based solutions using a Software-as-a-Service, or SaaS, model. The Company offers its customers various services including Client Partners, Supplier Enablement Services, Implementation Services, Customer Support, and Business Process Optimization Services. The Company competes with relatively small specialty software vendors, large ERP vendors and internally developed and maintained solutions. Specialty vendors or niche providers that compete with one or more or the Company's solutions, including Aravo, Basware, BravoSolution, Coupa, Determine, ESM Solutions, GXS, Hubwoo, OB10, Perfect Commerce, Periscope, Verian and Zycus; and Enterprise software application vendors, including SAP AG, Oracle, IBM, Infor and Workday.
Executives
Jeffrey T Barber director 6501 WESTON PARKWAY, SUITE 200 CARY NC 27513
Timothy Buckley director C/O RED HAT, INC, 1801 VARSITY DRIVE, RALEIGH NC 27606
Rudy Howard officer: Chief Financial Officer 322 WINDCHASE LANE, WILMINGTON NC 28409
Noel J Fenton director C/O TRINITY VENTURES, 325 SHARON PARK DR., #458, MENLO PARK CA 94025
Intersouth Affiliates V Lp 10 percent owner 406 BLACKWELL STREET, SUITE 200, DURHAM NC 27701
Intersouth Partners Vi Lp 10 percent owner
Intersouth Partners V, L.p. 10 percent owner 406 BLACKWELL STREET, SUITE 200, DURHAM NC 27701

SciQuest (SciQuest) Headlines

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