Subscribe to Pro or Enterprise plans to unlock this feature.
Become a smarter investor today.
Become a smarter investor today.
This statistic highlights Schrodinger Inc’s Annual Contract Value (ACV), reported annually starting with the year 2020.
What is Annual Contract Value (ACV)?
Annual Contract Value (ACV) can be defined as the average annual revenue generated from each customer contract. It does not include any one-time fees. It is basically the subscription revenue, averaged out across one year. To find out the Annual Contract Value (ACV), we first have to find out the total contract value, excluding any on-time fees. Once we find the total contract value, we then divide this figure by the total number of years in the contract. The figure thus obtained will be the Annual Contract Value. For example, if a customer has signed a contract of $25,000 over 5 years, then to find the annual contract value, we will average it out. The Annual Contract Value in this example would be $5,000.
The Annual Contract Value (ACV) isn’t a very useful metric when seen in isolation. However it can be of great use when compared to other metrics. Most companies compare their Annual Contract Value (ACV) to their Customer Acquisition Cost, to find out how long it’s going to take them to recover the cost of customer acquisition. The Annual Contract Value (ACV) differs for different types of businesses. B2C businesses like Spotify and Netflix have low ACV, resulting in high number of customers. Whereas, B2B businesses like Salesforce have high ACV, resulting in low number of customers.
|Annual Contract Value (ACV)||$92.1|
(all figures are in millions)
Schrodinger Incorporation’s annual Contract Value (ACV) stood at $92.1 million in the fiscal year 2020. This indicates that during the year 2020, Schrodinger Inc has an average customer contract of $92.1 million from all of its customers. As compared to the fiscal year 2019, the Annual Contract Value of Schrodinger’s was up by 22% in 2020.
Schrodinger has certain customers who contribute more than $1 million to the Annual Contract Value. This implies that there are customers whose contract value, when annualized, is over $1 million in a certain year. This can be a customer whose contact value is $2 million for 2 years or $15 million for 15 years. In 2020, such customers were 16 in number. When compared to 2019, where the number of customers having an ACV of over $1 million stood at 10, there was an increment of 60%.
Schrodinger also has customers who contribute more than $100,000 to the Annual Contract Value (ACV). This implies that there are customers whose contract value, when annualized, is over $100,000 in a certain year. In 2020, there were 153 such customers. When compared to 2019, where such customers stood at 131, there was a rise of 16.8%. Also, 99% of such customers from 2019 were retained in 2020.
Schrodinger’s number of customers whose contribution to the Annual Contract Value is over $1,000 stood at 1,463 in 2020. When compared to 2019, where such customers stood at 1,266, there was an increment of 15.5%.
Schrodinger Inc. is an American life and material sciences company, founded in 1990, with its headquarters in New York. It also has regional headquarters in Tokyo, Bangalore and Munich. They conduct collaborative and internal drug discovery programs spanning a wide range of disease targets and indications. It has developed a software for computational chemistry and to conduct their programs. It operates in the software, life science, material science, cheminformatics and computational chemistry industry. The common stock of the company is traded on the NASDAQ under the ticker SDGR.
Did you like Schrodinger Inc’s Annual Contract Value statistic?
Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.
You can get started here.
Always know what you’ll pay. No hidden costs or surprises.
* Billed annually, local taxes extra.
* Local taxes extra.