GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Model Performance Acquisition Corp (NAS:MPAC) » Definitions » Net-Net Working Capital

Model Performance Acquisition (Model Performance Acquisition) Net-Net Working Capital : $-1.28 (As of Sep. 2022)


View and export this data going back to 2021. Start your Free Trial

What is Model Performance Acquisition 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.

Model Performance Acquisition's Net-Net Working Capital for the quarter that ended in Sep. 2022 was $-1.28.

The industry rank for Model Performance Acquisition's Net-Net Working Capital or its related term are showing as below:

MPAC's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.83
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Model Performance Acquisition Net-Net Working Capital Historical Data

The historical data trend for Model Performance Acquisition'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.

Model Performance Acquisition Net-Net Working Capital Chart

Model Performance Acquisition Annual Data
Trend Dec21
Net-Net Working Capital
-0.31

Model Performance Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Net-Net Working Capital Get a 7-Day Free Trial -0.24 -0.31 -0.45 -0.58 -1.28

Competitive Comparison of Model Performance Acquisition's Net-Net Working Capital

For the Shell Companies subindustry, Model Performance Acquisition'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.


Model Performance Acquisition's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Model Performance Acquisition's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Model Performance Acquisition's Price-to-Net-Net-Working-Capital falls into.



Model Performance Acquisition Net-Net Working Capital Calculation

Model Performance Acquisition's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.337+0.75 * 0+0.5 * 0-2.683
-0-0)/7.5375
=-0.31

Model Performance Acquisition's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2022 is calculated as

Net-Net Working Capital(Q: Sep. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.442+0.75 * 0+0.5 * 0-5.603
-0-0)/4.02851
=-1.28

* 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.


Model Performance Acquisition  (NAS:MPAC) 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.


Model Performance Acquisition Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Model Performance Acquisition's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Model Performance Acquisition (Model Performance Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
2 Queens Road Central, 58 Floor, Unit 5801, Cheung Kong Center, Hong Kong, HKG
Website
Model Performance Acquisition Corp is a newly incorporated blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.