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SS&C Technologies Holdings (SS&C Technologies Holdings) Net-Net Working Capital : $-44.06 (As of Dec. 2023)


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What is SS&C Technologies Holdings 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.

SS&C Technologies Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-44.06.

The industry rank for SS&C Technologies Holdings's Net-Net Working Capital or its related term are showing as below:

SSNC'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.

SS&C Technologies Holdings Net-Net Working Capital Historical Data

The historical data trend for SS&C Technologies Holdings'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.

SS&C Technologies Holdings Net-Net Working Capital Chart

SS&C Technologies Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -43.62 -37.42 -39.89 -38.74 -44.06

SS&C Technologies Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -38.74 -35.66 -34.84 -36.21 -44.06

Competitive Comparison of SS&C Technologies Holdings's Net-Net Working Capital

For the Software - Application subindustry, SS&C Technologies Holdings'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.


SS&C Technologies Holdings's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, SS&C Technologies Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where SS&C Technologies Holdings's Price-to-Net-Net-Working-Capital falls into.



SS&C Technologies Holdings Net-Net Working Capital Calculation

SS&C Technologies Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(432.2+0.75 * 621+0.5 * 0-11704.8
-0-58.1)/246.6
=-44.06

SS&C Technologies Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(432.2+0.75 * 621+0.5 * 0-11704.8
-0-58.1)/246.6
=-44.06

* 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.


SS&C Technologies Holdings  (NAS:SSNC) 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.


SS&C Technologies Holdings Net-Net Working Capital Related Terms

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SS&C Technologies Holdings (SS&C Technologies Holdings) Business Description

Traded in Other Exchanges
Address
80 Lamberton Road, Windsor, CT, USA, 06095
SS&C Technologies provides software products and software-enabled services to a variety of customers primarily in financial services but also healthcare firms. SS&C GlobeOp provides fund administration services to alternative and traditional asset managers. In addition, SS&C provides portfolio accounting, portfolio management, trading, banking/lending, and other software to asset managers, banks, and financial advisors. SS&C's purchase of Intralinks makes it a leading player in Virtual Data Room solutions. With its purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services.
Executives
Normand A Boulanger director, officer: President and COO SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095
Rahul Kanwar officer: Senior Vice President 80 LAMBERTON ROAD, WINDSOR CT 06095
Brian N Schell officer: EVP & CFO 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Patrick J Pedonti officer: SVP and CFO SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095
Jonathan E Michael director C/O RLI CORP, 9025 N. LINDBERGH DR., PEORIA IL 61615
William C Stone director, 10 percent owner, officer: Chairman of the Board & CEO
Jason Douglas White officer: SVP & General Counsel 588 THE PARKWAY, MAMARONECK NY 10543
Joseph J. Frank officer: Chief Legal Officer and GC C/O SS&C TECHNOLOGIES HOLDINGS, INC., 4 TIMES SQUARE, NEW YORK NY 10036
Michael E Daniels director TYCO, 9 ROSZEL ROAD, PRINCETON NJ 08540
Smita Conjeevaram director 70 HERETOLD ROAD, BRONXVILLE NY 17708
Michael Jay Zamkow director 27 KENSINGTON SQUARE, LONDON X0 06095
Paul Gerard Igoe officer: Sr. VP & General Counsel LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
William A Etherington director CANADIAN IMPERIAL BANK OF COMMERCE, 199 BAY STREET - SUITE 4460, TORONTO A6 M5L 1A2
Tc Group Iv, L.p. 10 percent owner 1001 PENNSYLVANIA AVENUE, N.W., SUITE 200 SOUTH, WASHINGTON DC 20004
Whitman Stephen V R officer: SVP and General Counsel SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095