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SVIN (Scheid Vineyards) Net-Net Working Capital : $-116.29 (As of Aug. 2023)


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What is Scheid Vineyards 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.

Scheid Vineyards's Net-Net Working Capital for the quarter that ended in Aug. 2023 was $-116.29.

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

SVIN's Price-to-Net-Net-Working-Capital is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 10.26
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Scheid Vineyards Net-Net Working Capital Historical Data

The historical data trend for Scheid Vineyards'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.

Scheid Vineyards Net-Net Working Capital Chart

Scheid Vineyards Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -78.25 -74.90 -78.93 -91.29 -100.38

Scheid Vineyards Semi-Annual Data
Dec02 Jun03 Dec03 Jun04 Dec04 Jun05 Dec05 Feb15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Aug22 Aug23
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 -99.24 -100.38 -105.59 - -116.29

Competitive Comparison of Scheid Vineyards's Net-Net Working Capital

For the Beverages - Wineries & Distilleries subindustry, Scheid Vineyards'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.


Scheid Vineyards's Price-to-Net-Net-Working-Capital Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Scheid Vineyards's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Scheid Vineyards Net-Net Working Capital Calculation

Scheid Vineyards's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Feb. 2020 is calculated as

Net-Net Working Capital(A: Feb. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.517+0.75 * 7.757+0.5 * 48.895-120.414
-0-0)/0.883
=-100.38

Scheid Vineyards's Net-Net Working Capital (NNWC) per share for the quarter that ended in Aug. 2023 is calculated as

Net-Net Working Capital(Q: Aug. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.696+0.75 * 8.097+0.5 * 65.858-150.338
-0-0)/0.917
=-116.29

* 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.


Scheid Vineyards  (OTCPK:SVIN) 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.


Scheid Vineyards Net-Net Working Capital Related Terms

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


Scheid Vineyards Business Description

Traded in Other Exchanges
N/A
Address
305 Hilltown Road, Salinas, CA, USA, 93908
Scheid Vineyards Inc is engaged in the manufacturing of premium varietal wine grapes and wine in the United States. The principal business of the company is the production of premium varietal wine grapes and wine, the operation of a custom crush winery facility, and the sale of bottled wine through wholesalers and directly to consumers. It currently operates premium wine grape vineyards in Monterey County, California.
Executives
Keith Krum director 305 HILLTOWN ROAD, SALINAS CA 93908
Advisory Research Inc 10 percent owner 180 N. STETSON AVENUE, SUITE 5500, CHICAGO IL 60601
Advisory Research Microcap Value Fund, L.p. 10 percent owner 180 NORTH STETSON AVENUE, SUITE 5500, CHICAGO IL 60601
Scott D Scheid director, officer: President, CEO C/O SCHEID VINEYARDS, 305 HILLTOWN RD, SALINAS CA 93908
Heidi M Scheid director, officer: Senior Vice President C/O SCHEID VINEYARDS INC, 305 HILLTOWN RD, SALINAS CA 93908
Kurt J Golnick officer: Chief Operating Officer C/O SCHEID VINEYARDS, 305 HILLTOWN RD, SALINAS CA 93908
Alfred G Scheid director, 10 percent owner C/O SCHEID VINEYARDS, 305 HILLTOWN RD, SALINAS CA 93908

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