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A SPAC II Acquisition (A SPAC II Acquisition) Net-Net Working Capital : $-0.95 (As of Mar. 2024)


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What is A SPAC II 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.

A SPAC II Acquisition's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-0.95.

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

ASCB's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.83
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

A SPAC II Acquisition Net-Net Working Capital Historical Data

The historical data trend for A SPAC II 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.

A SPAC II Acquisition Net-Net Working Capital Chart

A SPAC II Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Net-Net Working Capital
- -0.24 -0.92

A SPAC II Acquisition Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.24 -0.25 -0.91 -0.92 -0.95

Competitive Comparison of A SPAC II Acquisition's Net-Net Working Capital

For the Shell Companies subindustry, A SPAC II 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.


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

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



A SPAC II Acquisition Net-Net Working Capital Calculation

A SPAC II Acquisition's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.442+0.75 * 0+0.5 * 0-7.157
-0-0)/7.2964
=-0.92

A SPAC II Acquisition's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.252+0.75 * 0+0.5 * 0-7.17
-0-0)/7.2964
=-0.95

* 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.


A SPAC II Acquisition  (NAS:ASCB) 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.


A SPAC II Acquisition Net-Net Working Capital Related Terms

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A SPAC II Acquisition (A SPAC II Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
289 Beach Road, Number 03-01, Singapore, SGP, 199552
Website
A SPAC II Acquisition Corp is a blank check company.
Executives
Maclean Malcolm F Iv director C/O ASPEN GROUP, INC., 1660 SOUTH ALBION STREET, SUITE 525, DENVER CO 80222
Claudius Tsang officer: CEO and CFO WICKHAMS CAY II, PO BOX 3170, ROAD TOWN, TORTOLA D8 00000
Ka Wo Chan director 289 BEACH ROAD #03-01, SINGAPORE U0 199552
Paul Cummins director 289 BEACH ROAD #03-01, SINGAPORE U0 199552
Bryan Biniak director 289 BEACH ROAD #03-01, SINGAPORE U0 199552
Anson Chan director 289 BEACH ROAD #03-01, SINGAPORE U0 199552
Spac Ii (holdings) Acquisition Corp. 10 percent owner CHEUNG KONG CENTER, 58 FLOOR, UNIT 5801, 2 QUEENS ROAD CENTRAL, CENTRAL K3 00000

A SPAC II Acquisition (A SPAC II Acquisition) Headlines

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