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Priveterra Acquisition II (Priveterra Acquisition II) Net-Net Working Capital : $-1.68 (As of Sep. 2023)


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What is Priveterra Acquisition II 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.

Priveterra Acquisition II's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $-1.68.

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

PMGM's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.67
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Priveterra Acquisition II Net-Net Working Capital Historical Data

The historical data trend for Priveterra Acquisition II'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.

Priveterra Acquisition II Net-Net Working Capital Chart

Priveterra Acquisition II Annual Data
Trend Dec20 Dec21 Dec22
Net-Net Working Capital
-0.01 -0.63 -1.73

Priveterra Acquisition II Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -0.42 -1.73 -1.88 -1.42 -1.68

Competitive Comparison of Priveterra Acquisition II's Net-Net Working Capital

For the Shell Companies subindustry, Priveterra Acquisition II'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.


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

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

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



Priveterra Acquisition II Net-Net Working Capital Calculation

Priveterra Acquisition II's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.041+0.75 * 0+0.5 * 0-17.087
-0-0)/9.82693
=-1.73

Priveterra Acquisition II's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.037+0.75 * 0+0.5 * 0-14.838
-0-0)/8.82196
=-1.68

* 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.


Priveterra Acquisition II  (NAS:PMGM) 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.


Priveterra Acquisition II Net-Net Working Capital Related Terms

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Priveterra Acquisition II (Priveterra Acquisition II) Business Description

Traded in Other Exchanges
Address
501 Madison Avenue, 5th Floor, New York, NY, USA, 10019
Priveterra Acquisition Corp II is a blank check company.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Glazer Capital, Llc 10 percent owner 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer 10 percent owner 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
David Pace director, 10 percent owner, officer: Co-Chief Executive Officer
Richard L Federico director
Andrew R Heyer director 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
Starlette B Johnson director
Carl Andrew Pforzheimer director, 10 percent owner, officer: Co-Chief Executive Officer C/O US FOODS HOLDING CORP., 9399 W. HIGGINS RD., ROSEMONT IL 60018
Christopher Bradley officer: CFO and Secretary 650 5TH AVENUE, FLOOR 10, NEW YORK NY 10019
Tastemaker Sponsor Llc 10 percent owner 650 FIFTH AVENUE, FLOOR 10, NEW YORK NY 10019
Hal Rosser director 650 FIFTH AVENUE, 10TH FLOOR, NEW YORK NY 10019
Gregory Golkin director, 10 percent owner, officer: President 650 FIFTH AVENUE 10TH FLO, NEW YORK NY 10019