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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.
E.Merge Technology Acquisition's Net-Net Working Capital for the quarter that ended in Jun. 2022 was $-6.09.
The industry rank for E.Merge Technology Acquisition's Net-Net Working Capital or its related term are showing as below:
The historical data trend for E.Merge Technology 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.
E.Merge Technology Acquisition Annual Data | |||||
Trend | Dec20 | Dec21 | |||
Net-Net Working Capital | -0.69 | -0.45 |
E.Merge Technology Acquisition Quarterly Data | ||||||||
May20 | Sep20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | |
Net-Net Working Capital | Get a 7-Day Free Trial | -0.55 | -0.48 | -0.45 | -0.35 | -6.09 |
For the Shell Companies subindustry, E.Merge Technology 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.
For the Diversified Financial Services industry and Financial Services sector, E.Merge Technology Acquisition's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where E.Merge Technology Acquisition's Price-to-Net-Net-Working-Capital falls into.
E.Merge Technology 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) | ||
= | (0.228 | + | 0.75 * 0 | + | 0.5 * 0 | - | 34.64 |
- | 0 | - | 0) | / | 76.2 | ||
= | -0.45 |
E.Merge Technology Acquisition's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2022 is calculated as
Net-Net Working Capital | (Q: Jun. 2022 ) | ||||||
= | (Cash, Cash Equivalents, Marketable Securities | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (1.291 | + | 0.75 * 0 | + | 0.5 * 0 | - | 299.606 |
- | 0 | - | 0) | / | 48.978 | ||
= | -6.09 |
* 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.
E.Merge Technology Acquisition (NAS:ETAC) 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.
Thank you for viewing the detailed overview of E.Merge Technology Acquisition's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.
Benjamin Alexander Reitzes | director | E.MERGE TECHNOLOGY ACQUISITION CORP., 630 RAMONA ST., PALO ALTO CA 94301 |
Morgan Hermand | director | E.MERGE TECHNOLOGY ACQUISITION CORP., 630 RAMONA ST., PALO ALTO CA 94301 |
Jeff Clarke | director, officer: Co-CEO, CFO | COMPUTER ASSOCIATES INTERNATIONAL INC, ONE COMPUTER ASSOCIATES PLAZA, ISLANDA NY 11746 |
Curtis F Feeny | director | C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201 |
Sudhir Steven Singh | director | 6222 185TH AVE, REDMOND WA 98052 |
Guy Gecht | officer: Co-Chief Executive Officer | |
David T Ibnale | director | 150 INDEPENDENCE DR, C/O ULTRA CLEAN, MENLO PARK CA 94025 |
Steven C. Fletcher | 10 percent owner | C/O LEE ENTERPRISES, INCORPORATED, 4600 EAST 53RD STREET, DAVENPORT IA 52807 |
Shuo Zhang | director | 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583 |
Explorer Parent Llc | 10 percent owner | 533 AIRPORT BOULEVARD, SUITE 400, BURLINGAME CA 94012 |
Founder Holdings Llc | 10 percent owner | 533 AIRPORT BOULEVARD, SUITE 400, BURLINGAME CA 94012 |
Alex Serge Vieux | 10 percent owner | C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749 |
E.merge Technology Sponsor Llc | 10 percent owner | 1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105 |
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