Gores Holdings IV (Gores Holdings IV) Net-Net Working Capital : $0.00 (As of Mar. 2021)

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What is Gores Holdings IV 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.

Gores Holdings IV's Net-Net Working Capital for the quarter that ended in Mar. 2021 was $0.00.

The industry rank for Gores Holdings IV's Net-Net Working Capital or its related term are showing as below:

GHIVU's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Banks industry.
Industry Median: 1.92
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Gores Holdings IV Net-Net Working Capital Historical Data

The historical data trend for Gores Holdings IV'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.

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Gores Holdings IV Net-Net Working Capital Chart

Gores Holdings IV Annual Data

Trend

Dec19

Dec20

Net-Net Working Capital

Gores Holdings IV Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Net-Net Working Capital	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Gores Holdings IV's Net-Net Working Capital

For the Mortgage Finance subindustry, Gores Holdings IV'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.

Gores Holdings IV's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Gores Holdings IV's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Gores Holdings IV's Price-to-Net-Net-Working-Capital falls into.

Gores Holdings IV Net-Net Working Capital Calculation

Gores Holdings IV's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2020 is calculated as

	Net-Net Working Capital		(A: Dec. 2020 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.051	+	0.75 * 0	+	0.5 * 0	-	20.073
-	0	-	0)	/	0
=	N/A

Gores Holdings IV's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2021 is calculated as

	Net-Net Working Capital		(Q: Mar. 2021 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1592.663	+	0.75 * 549.381	+	0.5 * 0	-	7594.59
-	0	-	2664.798)	/	0
=	N/A

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.

Gores Holdings IV (NAS:GHIVU) 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.

Gores Holdings IV Net-Net Working Capital Related Terms

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Gores Holdings IV (Gores Holdings IV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gores Holdings IV Inc (NAS:GHIVU) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

585 South Boulevard E, Pontiac, MI, USA, 48341

Website

https://www.uwm.com

UWM Holdings Corp operates as a residential mortgage lender and the wholesale mortgage lender. The company provides independent mortgage advisors across the states and the district of Columbia. The firm also offers training, technology, marketing support, and more to help the entrepreneurial partners.

Executives

Alec E Gores	director, 10 percent owner	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Aeg Holdings, Llc	director, 10 percent owner	6260 LOOKOUT RD., BOULDER CO 80301
Gores Sponsor Iv Llc	director, 10 percent owner	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Jeffrey Gene Rea	director	C/O STOCK BUILDING SUPPLY HOLDINGS, INC., 8020 ARCO CORPORATE DRIVE, SUITE 400, RALEIGH NC 27617
Mark Stone	officer: Chief Executive Officer	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Andrew Mcbride	officer: CFO & Secretary	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Patton William B Jr	director
Randy Bort	director	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201