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Tailwind Acquisition (Tailwind Acquisition) Net-Net Working Capital : $-1.63 (As of Sep. 2022)


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What is Tailwind 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.

Tailwind Acquisition's Net-Net Working Capital for the quarter that ended in Sep. 2022 was $-1.63.

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

TWND's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.8
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Tailwind Acquisition Net-Net Working Capital Historical Data

The historical data trend for Tailwind 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.

Tailwind Acquisition Net-Net Working Capital Chart

Tailwind Acquisition Annual Data
Trend Dec20 Dec21
Net-Net Working Capital
-1.12 -0.69

Tailwind Acquisition Quarterly Data
May20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only -0.71 -0.69 -0.48 -0.44 -1.63

Competitive Comparison of Tailwind Acquisition's Net-Net Working Capital

For the Shell Companies subindustry, Tailwind 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.


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

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



Tailwind Acquisition Net-Net Working Capital Calculation

Tailwind 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)
=(0.48+0.75 * 0+0.5 * 0-29.407
-0-0)/41.777
=-0.69

Tailwind 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)
=(0.385+0.75 * 0+0.5 * 0-19.33
-0-0)/11.5882
=-1.63

* 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.


Tailwind Acquisition  (AMEX:TWND) 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.


Tailwind Acquisition Net-Net Working Capital Related Terms

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


Tailwind Acquisition (Tailwind Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
1545 Courtney Avenue, Los Angeles, CA, USA, 90046
Tailwind Acquisition Corp is a blank check company.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Ventures International Capital 10 percent owner WINDWARD 1, REGATTA OFFICE PARK, WEST BAY ROAD, GRAND CAYMAN E9 KY1-1103
G1 Execution Services, Llc 10 percent owner 175 W. JACKSON BLVD., SUITE 1700, 501 PLAZA 2, CHICAGO IL 60604
Susquehanna Securities, Llc 10 percent owner 401 CITY AVENUE, SUITE 220, BALA CYNWYD PA 19004
Boris Revsin director 150 GREENWICH STREET, 29TH FLOOR, NEW YORK NY 10006
Tailwind Acquisition Corp. 10 percent owner 7442 S TUSCON WAY, SUITE 130, CENTENNIAL CO 80112
Matthew Eby director, officer: Chief Financial Officer TENGRAM CAPITAL PARTNERS, 15 RIVERSIDE AVENUE, WESTPORT CT 06880
Neha Parikh director 1930 W. RIO SALADO PARKWAY, TEMPE AZ 85281
Philip Krim director C/O CASPER SLEEP INC., 175 GREENWICH ST., THREE WORLD TRADE CENTER, FLOOR 39, NEW YORK NY 10007
Tailwind Sponsor Llc 10 percent owner 1545 COURTNEY AVENUE, LOS ANGELES CA 90046
Christopher John Hollod director, officer: Chief Executive Officer C/O TAILWIND ACQUISITION, 1545 COURTNEY AVENUE, LOS ANGELES CA 90046
Wisdom Lu director C/O TAILWIND ACQUISITION, 1545 COURTNEY AVENUE, LOS ANGELES CA 90046
Alan Sheriff director C/O TAILWIND ACQUISITION, 1545 COURTNEY AVENUE, LOS ANGELES CA 90046
Will Quist director C/O TAILWIND ACQUISITION, 1545 COURTNEY AVENUE, LOS ANGELES CA 90046

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