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BRAC (Broad Capital Acquisition) Net-Net Working Capital : $-2.53 (As of Jun. 2024)


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What is Broad Capital 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.

Broad Capital Acquisition's Net-Net Working Capital for the quarter that ended in Jun. 2024 was $-2.53.

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

BRAC's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.2
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Broad Capital Acquisition Net-Net Working Capital Historical Data

The historical data trend for Broad Capital 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.

Broad Capital Acquisition Net-Net Working Capital Chart

Broad Capital Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Net-Net Working Capital
-0.02 -0.34 -1.39

Broad Capital Acquisition Quarterly Data
May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -1.02 -1.19 -1.39 -2.39 -2.53

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

For the Shell Companies subindustry, Broad Capital 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.


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

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



Broad Capital Acquisition Net-Net Working Capital Calculation

Broad Capital Acquisition's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.015+0.75 * 0+0.5 * 0-10.463
-0-0)/7.51348
=-1.39

Broad Capital Acquisition's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.003+0.75 * 0+0.5 * 0-11.911
-0-0)/4.70856
=-2.53

* 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.


Broad Capital Acquisition  (NAS:BRAC) 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.


Broad Capital Acquisition Net-Net Working Capital Related Terms

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Broad Capital Acquisition Business Description

Traded in Other Exchanges
N/A
Address
5345 Annabel Lane, Plano, TX, USA, 75093
Website
Broad Capital Acquisition Corp is a blank check company.
Executives
Shaolin Capital Management Llc 10 percent owner 230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Teck-yong Heng director NANSHAN DISTRICT #12 KEFA ROAD, DACHONG, CHENGSHIHUAYUAN BLOCK 5, UNIT #38D, GUANGDONG PROVINCE, SHENZHEN F4 518057
Johann Y Tse director, officer: Chief Executive Officer 5345 ANNABEL LANE, PLANO TX 75093
Rongrong Jiang director, officer: Chief Financial Officer 235 TENAFLY RD, TENAFLY NJ 07670
Trimmer Jeffrey Wayne Sr director 7601 JOHN MCCAIN ROAD, COLLEYVILLE TX 76034
Keith Ryan Adams director 235 TENAFLY RD, TENAFLY NJ 07670
Nicolas Shao director 6 CHAOYANG PARK SOUTH, PARK AVE. APTS., BLD. #3-11F, BEIJING F4 00000
Broad Capital Llc 10 percent owner 5345 ANNABEL LANE, PLANO TX 75093

Broad Capital Acquisition Headlines

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