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Onvia (ONVI) Net-Net Working Capital : $-0.76 (As of Sep. 2017)


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What is Onvia 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.

Onvia's Net-Net Working Capital for the quarter that ended in Sep. 2017 was $-0.76.

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

ONVI's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.79
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Onvia Net-Net Working Capital Historical Data

The historical data trend for Onvia'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.

Onvia Net-Net Working Capital Chart

Onvia Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 -0.35 -0.31 -0.50 -0.61

Onvia Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 -0.52 -0.61 -0.73 -0.77 -0.76

Competitive Comparison of Onvia's Net-Net Working Capital

For the Specialty Business Services subindustry, Onvia'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.


Onvia's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Onvia's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Onvia Net-Net Working Capital Calculation

Onvia's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2016 is calculated as

Net-Net Working Capital(A: Dec. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(7.123+0.75 * 1.543+0.5 * 0-12.605
-0-0)/7.13785
=-0.61

Onvia's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2017 is calculated as

Net-Net Working Capital(Q: Sep. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.946+0.75 * 2.011+0.5 * 0-12.011
-0-0)/7.32289
=-0.76

* 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.


Onvia  (NAS:ONVI) 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.


Onvia Net-Net Working Capital Related Terms

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Onvia (ONVI) Business Description

Traded in Other Exchanges
N/A
Address
Onvia Inc is a provider of business information and research solutions that help companies plans, markets and sells to government agencies throughout the United States.
Executives
George I Stoeckert director
Miller Lloyd I Iii other: Former 10% Owner
James L Brill director ON ASSIGNMENT, INC., 26745 MALIBU HILLS ROAD, CALABASAS CA 91301
David Van Skilling director 125 NETAS COURT, PALM DESERT CA 92260
Russell Mann director, officer: President and CEO C/O ONVIA, INC., 509 OLIVE WAY, SUITE 400, SEATTLE WA 98101
James F Adelson 10 percent owner 15 EAST 5TH STREET, SUITE 3200, TULSA OK 74103
Stephen J Heyman 10 percent owner 15 EAST 5TH STREET, SUITE 3200, TULSA OK 74103
Nancy J Schoendorf director C/O MOHR DAVIDOW VENTURES 3000 SAND HILL RD MENLO PARK CA 94025
Kenneth A Fox director

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