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Swisslog Holding AG (XSWX:SLOG) Net-Net Working Capital : CHF-0.67 (As of Dec. 2014)


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What is Swisslog Holding AG 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.

Swisslog Holding AG's Net-Net Working Capital for the quarter that ended in Dec. 2014 was CHF-0.67.

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

XSWX:SLOG's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 6.97
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Swisslog Holding AG Net-Net Working Capital Historical Data

The historical data trend for Swisslog Holding AG'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.

Swisslog Holding AG Net-Net Working Capital Chart

Swisslog Holding AG Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.24 -0.28 -0.41 -0.49 -0.67

Swisslog Holding AG Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.41 -0.49 -0.49 -0.53 -0.67

Competitive Comparison of Swisslog Holding AG's Net-Net Working Capital

For the Specialty Industrial Machinery subindustry, Swisslog Holding AG'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.


Swisslog Holding AG's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Swisslog Holding AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Swisslog Holding AG Net-Net Working Capital Calculation

Swisslog Holding AG's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2014 is calculated as

Net-Net Working Capital(A: Dec. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(71.2+0.75 * 113.5+0.5 * 20.5-334.1
-0-0)/250.312
=-0.67

Swisslog Holding AG's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2014 is calculated as

Net-Net Working Capital(Q: Dec. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(71.2+0.75 * 113.5+0.5 * 20.5-334.1
-0-0)/250.312
=-0.67

* 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.


Swisslog Holding AG  (XSWX:SLOG) 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.


Swisslog Holding AG Net-Net Working Capital Related Terms

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Swisslog Holding AG (XSWX:SLOG) Business Description

Traded in Other Exchanges
N/A
Address
Swisslog Holding AG was founded in 1898 and is headquartered in Buchs, Switzerland. The Company provides integrated logistics solutions. The company operates through two segments, Healthcare Solutions and Warehouse & Distribution Solutions. The Healthcare Solutions segment provides logistics automation solutions for the movement and processing of materials and medications within and throughout healthcare facilities. It offers automated materials transport systems that transport medication, specimen, and basic supplies in hospitals; and automated drug management systems, which offer medication management for hospital pharmacies. This segment also provides various services, such as consulting, design, manufacturing, installation, and training, as well as customer support, including hotline, maintenance, and modernization services. The Warehouse & Distribution Solutions segment delivers industry-specific solutions for automated warehouses and distribution centers. The segment also provides consulting services, software solutions, logistic equipment, general contracting, implementation, and lifetime support services.

Swisslog Holding AG (XSWX:SLOG) Headlines

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