8i Acquisition 2 (8i Acquisition 2) Net-Net Working Capital : $-0.41 (As of Jul. 2022)

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What is 8i Acquisition 2 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.

8i Acquisition 2's Net-Net Working Capital for the quarter that ended in Jul. 2022 was $-0.41.

The industry rank for 8i Acquisition 2's Net-Net Working Capital or its related term are showing as below:

LAX'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.

8i Acquisition 2 Net-Net Working Capital Historical Data

The historical data trend for 8i Acquisition 2'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.

8i Acquisition 2 Net-Net Working Capital Chart

8i Acquisition 2 Annual Data

Trend

Jul21

Jul22

Net-Net Working Capital

-0.04

-0.41

8i Acquisition 2 Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Net-Net Working Capital	Get a 7-Day Free Trial			-0.04	-0.05	-0.26	-0.31	-0.41

Competitive Comparison of 8i Acquisition 2's Net-Net Working Capital

For the Shell Companies subindustry, 8i Acquisition 2'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.

8i Acquisition 2's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, 8i Acquisition 2's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where 8i Acquisition 2's Price-to-Net-Net-Working-Capital falls into.

8i Acquisition 2 Net-Net Working Capital Calculation

8i Acquisition 2's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jul. 2022 is calculated as

	Net-Net Working Capital		(A: Jul. 2022 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.194	+	0.75 * 0	+	0.5 * 0	-	4.73
-	0	-	0)	/	11.0735
=	-0.41

8i Acquisition 2's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jul. 2022 is calculated as

	Net-Net Working Capital		(Q: Jul. 2022 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.194	+	0.75 * 0	+	0.5 * 0	-	4.73
-	0	-	0)	/	11.0735
=	-0.41

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.

8i Acquisition 2 (NAS:LAX) 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.

8i Acquisition 2 Net-Net Working Capital Related Terms

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8i Acquisition 2 (8i Acquisition 2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 8i Acquisition 2 Corp (NAS:LAX) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o 6 Eu Tong Sen Street, No. 08-13, Singapore, SGP, 059817

Website

8i Acquisition 2 Corp is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.

Executives

Chen Wei Wen Kelvin	director, officer: CHIEF EXECUTIVE OFFICER	C/O 1 PEMIMPIN DRIVE #12-07,, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Alfred Lim	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPI, SINGAPORE U0 576151
Kim Hing Chan	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
David Francis Capes	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Daniel Tan	officer: CHIEF TECHNOLOGY OFFICER	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Steven John Sobak	officer: CHIEF FINANCIAL OFFICER	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Lim Thien Su Gerald	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPI, SINGAPORE U0 576151
Alexander K. Arrow	director	PO BOX 3094, REDWOOD CITY CA 94064
Tan Meng Dong (james)	director, 10 percent owner, officer: Chief Executive Officer	UNIT 2003 KINGKEY 100, TOWER B, 5015 SHENNAN EAST ROAD, LUOHU DISTRICT, SHENZHEN/GUANGDONG F4 518000
Kwong Yeow Liew	director	RM 2313-2315, BLOCK B, ZHONGSHEN GARDEN, SHENZHEN F4 518101
Yap Guan Hong William	director, officer: Chief Financial Officer	6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817
Ajay Rajpal	director	6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817
8i Holdings 2 Pte Ltd	10 percent owner	C/O 6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817