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Sculptor Acquisition I (Sculptor Acquisition I) Net-Net Working Capital : $-0.36 (As of Mar. 2023)


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What is Sculptor Acquisition I 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.

Sculptor Acquisition I's Net-Net Working Capital for the quarter that ended in Mar. 2023 was $-0.36.

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

SCUA'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.

Sculptor Acquisition I Net-Net Working Capital Historical Data

The historical data trend for Sculptor Acquisition I'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.

Sculptor Acquisition I Net-Net Working Capital Chart

Sculptor Acquisition I Annual Data
Trend Dec21 Dec22
Net-Net Working Capital
-0.78 -0.32

Sculptor Acquisition I Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only -0.53 -0.47 -0.40 -0.32 -0.36

Competitive Comparison of Sculptor Acquisition I's Net-Net Working Capital

For the Shell Companies subindustry, Sculptor Acquisition I'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.


Sculptor Acquisition I's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

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

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



Sculptor Acquisition I Net-Net Working Capital Calculation

Sculptor Acquisition I'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+0.75 * 0+0.5 * 0-9.325
-0-0)/28.75
=-0.32

Sculptor Acquisition I'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+0.75 * 0+0.5 * 0-10.355
-0-0)/28.75
=-0.36

* 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.


Sculptor Acquisition I  (NYSE:SCUA) 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.


Sculptor Acquisition I Net-Net Working Capital Related Terms

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Sculptor Acquisition I (Sculptor Acquisition I) Business Description

Traded in Other Exchanges
N/A
Address
9 West 57th Street, 39th Floor, New York, NY, USA, 10019
Sculptor Acquisition Corp I is a blank check company. It is for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
James S Levin director 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Wayne Cohen director OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC, 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Ivy Zelman director 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Charmel Maynard director 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Dava Ritchea officer: Chief Financial Officer 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Sculptor Acquisition Sponsor I Llc 10 percent owner 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Nicholas Hecker officer: Chief Investment Officer 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Kristi Jackson director 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Steven Orbuch director, officer: Chief Executive Officer 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Adam C. Rosenberg director 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019

Sculptor Acquisition I (Sculptor Acquisition I) Headlines