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Genesis Unicorn Capital (Genesis Unicorn Capital) Net-Net Working Capital : $-0.64 (As of Mar. 2023)


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What is Genesis Unicorn Capital 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.

Genesis Unicorn Capital's Net-Net Working Capital for the quarter that ended in Mar. 2023 was $-0.64.

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

GENQ's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 2.07
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Genesis Unicorn Capital Net-Net Working Capital Historical Data

The historical data trend for Genesis Unicorn Capital'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.

Genesis Unicorn Capital Net-Net Working Capital Chart

Genesis Unicorn Capital Annual Data
Trend Dec21 Dec22
Net-Net Working Capital
-0.01 -0.34

Genesis Unicorn Capital Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only -0.22 -0.23 -0.25 -0.34 -0.64

Competitive Comparison of Genesis Unicorn Capital's Net-Net Working Capital

For the Shell Companies subindustry, Genesis Unicorn Capital'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.

Genesis Unicorn Capital's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

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

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


Genesis Unicorn Capital Net-Net Working Capital Calculation

Genesis Unicorn Capital'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)
=(0.098+0.75 * 0+0.5 * 0-3.962
-0-0)/11.2017
=-0.34

Genesis Unicorn Capital's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2023 is calculated as

Net-Net Working Capital(Q: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.055+0.75 * 0+0.5 * 0-5.215
-0-0)/8.02376
=-0.64

* 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.

Genesis Unicorn Capital  (NAS:GENQ) 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.

Genesis Unicorn Capital Net-Net Working Capital Related Terms

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Genesis Unicorn Capital (Genesis Unicorn Capital) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Genesis Unicorn Capital Corp (NAS:GENQ) » Definitions » Net-Net Working Capital
Comparable Companies
AIB DUET ACAX BRAC MSAC LAX FVAM BWAC PCX GDNR GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
281 Witherspoon Stree, Suite 120, Princeton, NJ, USA, 08540
Website
Genesis Unicorn Capital Corp is a blank check company.
Executives
Adeoye Y Olukotun officer: Chief Executive Officer 3621 SOUTH STATE ST, 695 KMS PL, ANN ARBOR MI 48108
Grainne M Coen director 111 WEST 28TH STREET, NEW YORK NY 10001
Teck-yong Heng director NANSHAN DISTRICT #12 KEFA ROAD, DACHONG, CHENGSHIHUAYUAN BLOCK 5, UNIT #38D, GUANGDONG PROVINCE, SHENZHEN F4 518057
Juan Fernandez Pascual officer: Chief Operating Officer URBANIZATION LA SIERRA, 28 39110, SOTO DE LA MARINA U3 87670
Chung Fan Cheng director 16G, TOWER 1, TWIN PEAKS, 9 CHI SHIN STREET, TSEUNG KWAN O K3 00000
Samuel Lui director, 10 percent owner, officer: Chairman, President, CFO 7/F UNIT B, TOWER 5,RESIDENCE BEL-AIR, PHASE 1, 28 BEL-AIR AVENUE, POKFULAM K3 00000
Ernest Fong director 80 RAFFLES PLACE, # 37-02, UOB, PLAZA 1, S048624 U0 069541
Niel Starksen officer: Chief Scientific Officer 12119 EDGECLIFF PLACE, LOS ALTOS HILLS CA 94022
Genesis Unicorn Capital, Llc 10 percent owner 281 WITHERSPOON STREET, SUITE 120, PRINCETON NJ 08540