GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Technology & Telecommunication Acquisition Corp (NAS:TETE) » Definitions » Net-Net Working Capital

Technology & Telecommunication Acquisition (Technology & Telecommunication Acquisition) Net-Net Working Capital : $-1.22 (As of Feb. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Technology & Telecommunication 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.

Technology & Telecommunication Acquisition's Net-Net Working Capital for the quarter that ended in Feb. 2024 was $-1.22.

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

TETE's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.775
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Technology & Telecommunication Acquisition Net-Net Working Capital Historical Data

The historical data trend for Technology & Telecommunication 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.

Technology & Telecommunication Acquisition Net-Net Working Capital Chart

Technology & Telecommunication Acquisition Annual Data
Trend Nov21 Nov22 Nov23
Net-Net Working Capital
-0.01 -0.24 -1.12

Technology & Telecommunication Acquisition Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.66 -0.76 -0.89 -1.12 -1.22

Competitive Comparison of Technology & Telecommunication Acquisition's Net-Net Working Capital

For the Shell Companies subindustry, Technology & Telecommunication 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.


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

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



Technology & Telecommunication Acquisition Net-Net Working Capital Calculation

Technology & Telecommunication Acquisition's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Nov. 2023 is calculated as

Net-Net Working Capital(A: Nov. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.01+0.75 * 0+0.5 * 0-7.153
-0-0)/6.38421
=-1.12

Technology & Telecommunication Acquisition's Net-Net Working Capital (NNWC) per share for the quarter that ended in Feb. 2024 is calculated as

Net-Net Working Capital(Q: Feb. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.001+0.75 * 0+0.5 * 0-7.765
-0-0)/6.38421
=-1.22

* 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.


Technology & Telecommunication Acquisition  (NAS:TETE) 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.


Technology & Telecommunication Acquisition Net-Net Working Capital Related Terms

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


Technology & Telecommunication Acquisition (Technology & Telecommunication Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
C3-2-23A, Jalan 1/152, Taman OUG Parklane, Off Jalan Kelang Lama, Kuala Lumpur, MYS, 58200
Website
Technology & Telecommunication Acquisition Corp is a blank check company.
Executives
Shaolin Capital Management Llc 10 percent owner 230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Chow Wing Loke officer: Chief Financial Officer NO. 6, JALAN KENANGA SD9/5J, BANDAR SRI DAMANSARA, KUALA LUMPUR N8 52200
Virginia Jaqveline Chan director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Technology & Telecommunication Llc 10 percent owner 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Raghuvir Ramanadhan director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Kiat Wai Du director 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Tek Che Ng director, 10 percent owner, officer: Chief Executive Officer 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130

Technology & Telecommunication Acquisition (Technology & Telecommunication Acquisition) Headlines