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Technology Solutions Co (Technology Solutions Co) Net-Net Working Capital : $2.77 (As of Dec. 2008)


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What is Technology Solutions Co 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.

Technology Solutions Co's Net-Net Working Capital for the quarter that ended in Dec. 2008 was $2.77.

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

TSCC's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.22
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Technology Solutions Co Net-Net Working Capital Historical Data

The historical data trend for Technology Solutions Co'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.

Technology Solutions Co Net-Net Working Capital Chart

Technology Solutions Co Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.44 7.37 4.50 3.28 2.77

Technology Solutions Co Quarterly Data
Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08
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 3.28 3.16 3.68 3.14 2.77

Competitive Comparison of Technology Solutions Co's Net-Net Working Capital

For the Information Technology Services subindustry, Technology Solutions Co'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.


Technology Solutions Co's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

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

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



Technology Solutions Co Net-Net Working Capital Calculation

Technology Solutions Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2008 is calculated as

Net-Net Working Capital(A: Dec. 2008 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(7.993+0.75 * 0.509+0.5 * 0-1.266
-0-0)/2.56587
=2.77

Technology Solutions Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2008 is calculated as

Net-Net Working Capital(Q: Dec. 2008 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(7.993+0.75 * 0.509+0.5 * 0-1.266
-0-0)/2.56587
=2.77

* 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.


Technology Solutions Co  (OTCPK:TSCC) 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.


Technology Solutions Co Net-Net Working Capital Related Terms

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Technology Solutions Co (Technology Solutions Co) Business Description

Traded in Other Exchanges
N/A
Address
55 East Monroe street, Suite 2600, Chicago, IL, USA, 60603
Website
Technology Solutions Co provides business-consulting services across a broad range of industries and areas of expertise. The company provides business strategy and assessment services.
Executives
Miller Lloyd I Iii 10 percent owner
Gerald Luterman director 70 VALLEY STREAM PARKWAY, MALVERN PA 19355
John R Purcell director 14155 US HIGHWAY #310, JUNO BEACH FL 33408-1431
Stephen B Oresman director 49 SUNSWYCK ROAD, DARIEN CT 06820
William H Waltrip director, officer: Former Chairman 901 GATEWAY BLVD, SOUTH SAN FRANCISCO CA 94080

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