DPCM Capital (DPCM Capital) Net-Net Working Capital : $-0.73 (As of Mar. 2022)

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What is DPCM Capital 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.

DPCM Capital's Net-Net Working Capital for the quarter that ended in Mar. 2022 was $-0.73.

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

XPOA'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.

DPCM Capital Net-Net Working Capital Historical Data

The historical data trend for DPCM Capital'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.

DPCM Capital Net-Net Working Capital Chart

DPCM Capital Annual Data

Trend

Dec20

Dec21

Net-Net Working Capital

-1.29

-0.64

DPCM Capital Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Net-Net Working Capital	Get a 7-Day Free Trial			-0.88	-0.92	-0.63	-0.64	-0.73

Competitive Comparison of DPCM Capital's Net-Net Working Capital

For the Shell Companies subindustry, DPCM Capital'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.

DPCM Capital's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

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

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

DPCM Capital Net-Net Working Capital Calculation

DPCM Capital'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)
=	(0.125	+	0.75 * 0	+	0.5 * 0	-	24.176
-	0	-	0)	/	37.5
=	-0.64

DPCM Capital's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2022 is calculated as

	Net-Net Working Capital		(Q: Mar. 2022 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.031	+	0.75 * 0	+	0.5 * 0	-	27.499
-	0	-	0)	/	37.5
=	-0.73

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.

DPCM Capital (NYSE:XPOA) 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.

DPCM Capital Net-Net Working Capital Related Terms

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DPCM Capital (DPCM Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » DPCM Capital Inc (NYSE:XPOA) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

382 NE 191 Street, Suite 24148, Miami, FL, USA, 33179

Website

https://www.dpcmcapital.com

DPCM Capital Inc is a blank check company.

Executives

Peter Diamandis	director	4640 ADMIRALTY WAY, SUITE 500, MARINA DEL REY CA 90292
Desiree Gruber	director	C/O DPCM CAPITAL, INC., 382 NE 191 STREET, #24148, MIAMI FL 33179
Denmark West	director	C/O DPCM CAPITAL, INC., 382 NE 191 STREET, #24148, MIAMI FL 33179
Cdpm Sponsor Group, Llc	10 percent owner	382 NE 191 STREET, #24148, MIAMI FL 33179
Emil Michael	director, 10 percent owner, officer: Chairman and CEO	C/O DPCM CAPITAL, INC., 382 NE 191 STREET, # 24148, MIAMI FL 33179
Ignacio Tzoumas	officer: Chief Financial Officer	C/O DPCM CAPITAL, INC., 382 NE 191 STREET, #24148, MIAMI FL 33179
Kyle Wood	officer: CLO and Secretary	C/O DPCM CAPITAL, INC., 382 NE 191 STREET, #24148, MIAMI FL 33179