Scuttlebutt method11/3/2022 That B ranking seems constructed to penalize a high growth company without profits or cash flow, however, and many growth investors clearly believe that profits are on the way to lift the Profitability factor grade to A+. The first impressive ratio, presented in the SA Profitability Factor (and easy to derive from the above table by dividing gross profit by revenues) is 60%, which in the absence of other profitability measures earns Snowflake a B ranking. The financials, in short, present a picture of a very conservatively run company.Īlthough there's not much quantitative history to extrapolate from, it's possible to tease out a certain amount of useful information from what there is. There are very few adjustments requiring a footnote. There is no long-term debt and the now $5.1 billion in cash and cash equivalents suggests that a dilutive share issuance is not immediately in the works. Snowflake has one of the cleanest balance sheets I have ever seen. It is not dilutive when used to calculate valuation.
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