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

AURCU (Aurora Acquisition) Net-Net Working Capital : $0.00 (As of Jun. 2023)


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

What is Aurora 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.

Aurora Acquisition's Net-Net Working Capital for the quarter that ended in Jun. 2023 was $0.00.

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

AURCU's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.21
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Aurora Acquisition Net-Net Working Capital Historical Data

The historical data trend for Aurora 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.

Aurora Acquisition Net-Net Working Capital Chart

Aurora Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Net-Net Working Capital
- - -

Aurora Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Aurora Acquisition's Net-Net Working Capital

For the Shell Companies subindustry, Aurora 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.


Aurora 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, Aurora Acquisition's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


;
;

Aurora Acquisition Net-Net Working Capital Calculation

Aurora Acquisition'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)
=(0.285+0.75 * 0+0.5 * 0-15.497
-0-0)/0
=N/A

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

Net-Net Working Capital(Q: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.229+0.75 * 1.25+0.5 * 0-20.748
-0-0)/0
=N/A

* 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.


Aurora Acquisition  (NAS:AURCU) 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.


Aurora Acquisition Net-Net Working Capital Related Terms

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


Aurora Acquisition Business Description

Traded in Other Exchanges
N/A
Address
20 North Audley Street, London, GBR, W1K 6LX
Aurora Acquisition Corp is a blank check company.
Executives
Caroline Harding director, officer: Chief Financial Officer 452 FIFTH AVENUE, NEW YORK NY 10018
Thor Bjorgolfsson director, 10 percent owner, officer: Chairman 430 PARK AVENUE, 2ND FLOOR, NEW YORK NY 10022
Novator Capital Sponsor Ltd. 10 percent owner 452 5TH AVENUE, NEW YORK NY 10018
Michael Edelstein director 452 5TH AVENUE, NEW YORK NY 10018
Sangeeta Desai director 452 5TH AVENUE, NEW YORK NY 10018
Prabhu Narasimhan officer: CIO and Head of Legal 452 FIFTH AVENUE, NEW YORK NY 10018
Arnaud Massenet officer: Chief Executive Officer 452 FIFTH AVENUE, NEW YORK NY 10018
Shravin Mittal director 452 FIFTH AVENUE, NEW YORK NY 10018