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Pine Technology Acquisition (Pine Technology Acquisition) Net-Net Working Capital : $-0.33 (As of Sep. 2022)


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What is Pine Technology 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.

Pine Technology Acquisition's Net-Net Working Capital for the quarter that ended in Sep. 2022 was $-0.33.

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

PTOC'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.

Pine Technology Acquisition Net-Net Working Capital Historical Data

The historical data trend for Pine Technology 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.

Pine Technology Acquisition Net-Net Working Capital Chart

Pine Technology Acquisition Annual Data
Trend Dec20 Dec21
Net-Net Working Capital
- -0.83

Pine Technology Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Net-Net Working Capital Get a 7-Day Free Trial -0.63 -0.83 -0.39 -0.35 -0.33

Competitive Comparison of Pine Technology Acquisition's Net-Net Working Capital

For the Shell Companies subindustry, Pine Technology 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.

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

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


Pine Technology Acquisition Net-Net Working Capital Calculation

Pine Technology 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)
=(0.313+0.75 * 0+0.5 * 0-35.958
-0-0)/43.125
=-0.83

Pine Technology 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)
=(1.138+0.75 * 0+0.5 * 0-15.187
-0-0)/43.125
=-0.33

* 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.

Pine Technology Acquisition  (NAS:PTOC) 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.

Pine Technology Acquisition Net-Net Working Capital Related Terms

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Pine Technology Acquisition (Pine Technology Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pine Technology Acquisition Corp (NAS:PTOC) » Definitions » Net-Net Working Capital
Comparable Companies
TIOA NAAC RXRA LEGA MACC ACAH FMIV FACT GLBL TWNI GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
260 Lena Drive, Aurora, OH, USA, 44202
Website
https://www.pinetechnology.com
Pine Technology Acquisition Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Ciro M Defalco officer: CFO, Treasurer and Secretary C/O THE NAVIGATORS GROUP, INC., 6 INTERNATIONAL DRIVE, RYE BROOK NY 10573
Stone Point Capital Llc 10 percent owner 20 HORSENECK LANE, GREENWICH CT 06830
Barry D Zyskind 10 percent owner C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Christopher Longo director, officer: CEO and Director 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Adam Karkowsky director C/O AMTRUST FINANCIAL SERVICES INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Bradley Tusk director 251 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10010
Nicolas D Zerbib director JAMES RIVER GROUP, INC., 1414 RALEIGH ROAD, SUITE 415, CHAPEL HILL NC 27517
Trident Vii, L.p. 10 percent owner STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Trident Vii Parallel Fund, L.p. 10 percent owner STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Pine Technology Sponsor Llc director, 10 percent owner C/O PINE TECHNOLOGY ACQUISITION CORP., 260 LENA DRIVE, AURORA OH 44202
Trident Pine Acquisition Lp 10 percent owner C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
John Eric Smith director 260 LENA DRIVE, AURORA OH 44202
Peel Acquisition Co Ii, Llc 10 percent owner C/O PINE TECHNOLOGY ACQUISITION CORP., 260 LENA DRIVE, AURORA OH 44202
Trident Pine Gp, Llc 10 percent owner C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Trident Capital Vii, L.p. 10 percent owner C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830