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GigInternational1 (GigInternational1) Net-Net Working Capital : $-0.96 (As of Sep. 2022)


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What is GigInternational1 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.

GigInternational1's Net-Net Working Capital for the quarter that ended in Sep. 2022 was $-0.96.

The industry rank for GigInternational1's Net-Net Working Capital or its related term are showing as below:

GIW's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.75
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

GigInternational1 Net-Net Working Capital Historical Data

The historical data trend for GigInternational1'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.

GigInternational1 Net-Net Working Capital Chart

GigInternational1 Annual Data
Trend Dec21
Net-Net Working Capital
-0.30

GigInternational1 Quarterly Data
Feb21 Jun21 Sep21 Mar22 Jun22 Sep22
Net-Net Working Capital Get a 7-Day Free Trial -0.24 -0.27 -0.31 -0.33 -0.96

Competitive Comparison of GigInternational1's Net-Net Working Capital

For the Shell Companies subindustry, GigInternational1'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.

GigInternational1's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, GigInternational1's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where GigInternational1's Price-to-Net-Net-Working-Capital falls into.


GigInternational1 Net-Net Working Capital Calculation

GigInternational1's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.875+0.75 * 0+0.5 * 0-8.944
-0-0)/27.084
=-0.30

GigInternational1's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2022 is calculated as

Net-Net Working Capital(Q: Sep. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.05+0.75 * 0+0.5 * 0-9.998
-0-0)/10.4074
=-0.96

* 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.

GigInternational1  (NAS:GIW) 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.

GigInternational1 Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of GigInternational1's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.

GigInternational1 (GigInternational1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GigInternational1 Inc (NAS:GIW) » Definitions » Net-Net Working Capital
Comparable Companies
FZT FRSG SHQA VCXA AFAQ EGGF EQHA PIPP CNGL SKYA GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
1731 Embarcadero Road, Suite 200, Palo Alto, CA, USA, 94303
Website
https://www.giginternational1.com
GigInternational1 Inc is a blank check company.
Executives
Dorothy D Hayes director P.O. BOX 7850, ., MOUNTAIN VIEW CA 94039-7850
Avi S Katz director, 10 percent owner, officer: Executive Chairman C/O GIGCAPITAL, INC., 3000 EL CAMINO REAL, BLDG 4, SUITE 232, PALO ALTO CA 94306
Peter S Wang director GIGCAPITAL, INC., 3000 EL CAMINO REAL, BLDG 4, SUITE 232, PALO ALTO CA 94306
Walter Bradford Weightman officer: Chief Financial Officer C/O GIGCAPITAL2, INC., 2479 E. BAYSHORE RD, SUITE 200, PALO ALTO CA 94303
Raluca Dinu director, officer: President, CEO and Secretary C/O GIGCAPITAL2, INC., 2479 E. BAYSHORE RD., SUITE 200, PALO ALTO CA 94303
Andrea Betti-berutto director C/O GIGCAPITAL3, INC., 1731 EMBARCADERO RD., SUITE 200, PALO ALTO CA 94303
Raanan Horowitz director C/O GIGCAPITAL5, INC., 1731 EMBARCADERO RD., SUITE 200, PALO ALTO CA 94303
Giginternational1 Sponsor, Llc 10 percent owner 1731 EMBARCADERO ROAD SUITE 200, PALO ALTO CA 94303