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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.
Accolade's Net-Net Working Capital for the quarter that ended in Nov. 2024 was $-1.10.
The industry rank for Accolade's Net-Net Working Capital or its related term are showing as below:
The historical data trend for Accolade'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.
Accolade Annual Data | ||||||||||||||||
Trend | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | Feb24 | |||||||||
Net-Net Working Capital | Get a 7-Day Free Trial | -6.36 | 6.39 | -0.72 | -1.24 | -1.14 |
Accolade Quarterly Data | ||||||||||||||||||||
Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | May24 | Aug24 | Nov24 | |
Net-Net Working Capital | Get a 7-Day Free Trial |
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-1.34 | -1.14 | -1.09 | -1.03 | -1.10 |
For the Health Information Services subindustry, Accolade'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 Healthcare Providers & Services industry and Healthcare sector, Accolade's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Accolade's Price-to-Net-Net-Working-Capital falls into.
Accolade's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Feb. 2024 is calculated as
Net-Net Working Capital | (A: Feb. 2024 ) | ||||||
= | (Cash, Cash Equivalents, Marketable Securities | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (237.033 | + | 0.75 * 21.8 | + | 0.5 * 0 | - | 342.686 |
- | 0 | - | 0) | / | 78.071 | ||
= | -1.14 |
Accolade's Net-Net Working Capital (NNWC) per share for the quarter that ended in Nov. 2024 is calculated as
Net-Net Working Capital | (Q: Nov. 2024 ) | ||||||
= | (Cash, Cash Equivalents, Marketable Securities | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (225.479 | + | 0.75 * 25.764 | + | 0.5 * 0 | - | 334.451 |
- | 0 | - | 0) | / | 81.187 | ||
= | -1.10 |
* 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.
Accolade (NAS:ACCD) 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 Accolade's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen H. Barnes | officer: Chief Financial Officer | C/O ACCOLADE, INC., 660 WEST GERMANTOWN PIKE, SUITE 500, PLYMOUTH MEETING PA 19462 |
Rajeev Singh | director, officer: Chief Executive Officer | 6222 185TH AVENUE NE, REDMOND WA 98052 |
Robert N Cavanaugh | officer: President | 1601 CLOVERFIELD BLVD., SUITE 620, SANTA MONICA CA 90404 |
Richard Eskew | officer: EVP General Counsel | C/O ACCOLADE, INC., 660 WEST GERMANTOWN PIKE, SUITE 500, PLYMOUTH MEETING PA 19462 |
Mchugh Colin | officer: Chief Accounting Officer | C/O ACCOLADE, INC., 660 W. GERMANTOWN PIKE, SUITE 500, PLYMOUTH MEETING PA 19462 |
Michael W Hilton | officer: Chief Product Officer | 6222 185TH AVE, REDMOND WA 98052 |
Peter S Klein | director | C/O MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399 |
Cindy Kent | director | 7601 PENN AVENUE SOUTH, RICHFIELD MN 55418 |
Patricia L Wadors | director | C/O ALIGN TECHNOLOGY INC, 881 MARTIN AVE, SANTA CLARA CA 95050 |
Dawn G Lepore | director | 1425 BROADWAY PMB 41, SEATTLE WA 99122 |
Jeffrey D Jordan | director | 2865 SAND HILL ROAD #101, MENLO PARK CA 94025 |
Elizabeth G Nabel | director | BRIGHAM AND WOMEN'S HOSPITAL, 75 FRANCIS ST, BOSTON MA 02115 |
Jeffrey S Brodsky | director | C/O MORGAN STANLEY 1585 BROADWAY, NEW YORK NY 10036 |
Thomas J Neff | director | SPENCER STUART & ASSOCIATES, 277 PARK AVE, NEW YORK NY 10172 |
William H. Frist | director | 600 MONTGOMERY STREET, SAN FRANCISCO CA 94111 |
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