Inflection Point Acquisition (Inflection Point Acquisition) Net-Net Working Capital : $-0.34 (As of Sep. 2022)

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What is Inflection Point 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.

Inflection Point Acquisition's Net-Net Working Capital for the quarter that ended in Sep. 2022 was $-0.34.

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

IPAX's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 2
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Inflection Point Acquisition Net-Net Working Capital Historical Data

The historical data trend for Inflection Point 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.

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Inflection Point Acquisition Net-Net Working Capital Chart

Inflection Point Acquisition Annual Data

Trend

Dec21

Net-Net Working Capital

-0.28

Inflection Point Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Net-Net Working Capital	Get a 7-Day Free Trial			-0.24	-0.28	-0.28	-0.29	-0.34

Competitive Comparison of Inflection Point Acquisition's Net-Net Working Capital

For the Shell Companies subindustry, Inflection Point 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.

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

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

Inflection Point Acquisition Net-Net Working Capital Calculation

Inflection Point Acquisition'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)
=	(0.36	+	0.75 * 0	+	0.5 * 0	-	11.761
-	0	-	0)	/	41.2188
=	-0.28

Inflection Point Acquisition'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)
=	(0.019	+	0.75 * 0	+	0.5 * 0	-	14.014
-	0	-	0)	/	41.2188
=	-0.34

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.

Inflection Point Acquisition (NAS:IPAX) 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.

Inflection Point Acquisition Net-Net Working Capital Related Terms

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Inflection Point Acquisition (Inflection Point Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 East 51st Street, 5th Floor, New York, NY, USA, 10022

Website

https://www.inflectionpointacquisition.com

Inflection Point Acquisition Corp is a blank check company.

Executives

Erin Clift	director	C/O INFLECTION POINT ACQUISITION CORP., 34 EAST 51ST STREET, 5TH FLOOR, NEW YORK NY 10022
Kingstown Capital Partners, Llc	director, other: See Remarks	535 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
Kingstown 1740 Fund L.p.	director, other: See Remarks	34 EAST 51ST STREET, 5TH FLOOR, NEW YORK NY 10022
Guy Shanon	director, 10 percent owner, officer: Co-Chief Executive Officer	1270 BROADWAY, SUITE 1009, NEW YORK NY 10001
Michael Blitzer	director, 10 percent owner, officer: Co-Chief Executive Officer	1270 BROADWAY, SUITE 1009, NEW YORK NY 10001
Kingstown Capital Management L.p.	10 percent owner, other: See Remarks	167 MADISON AVENUE, SUITE 205 #1033, NEW YORK NY 10016
Kingstown Management Gp Llc	10 percent owner, other: See Remarks	1270 BROADWAY, SUITE 1009, NEW YORK NY 10001
Paula Sutter	director	969 BROADWAY, SUITE 200, OAKLAND CA 94607
Inflection Point Holdings Llc	10 percent owner, other: See Remarks	34 EAST 51ST STREET, 5TH FLOOR, NEW YORK NY 10022
Brian Pitz	director, officer: Chief Financial Officer	P.O. BOX 2158, AMTECH CAPITAL PARTNERS LLC, AMAGANSETT NY 11930
Nicholas Shekerdemian	director	201 EAST 21ST STREET, NEW YORK NY 10010