Learn CW Investment (Learn CW Investment) Net-Net Working Capital : $-0.78 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Learn CW Investment 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.

Learn CW Investment's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-0.78.

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

LCW'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.

Learn CW Investment Net-Net Working Capital Historical Data

The historical data trend for Learn CW Investment'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.

Learn CW Investment Net-Net Working Capital Chart

Learn CW Investment Annual Data

Trend

Dec21

Dec22

Dec23

Net-Net Working Capital

-0.68

-0.43

-0.62

Learn CW Investment Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Net-Net Working Capital	Get a 7-Day Free Trial								-0.41	-0.43	-0.16	-0.62	-0.78

Competitive Comparison of Learn CW Investment's Net-Net Working Capital

For the Shell Companies subindustry, Learn CW Investment'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.

Learn CW Investment's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

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

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

Learn CW Investment Net-Net Working Capital Calculation

Learn CW Investment'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)
=	(0.116	+	0.75 * 0	+	0.5 * 0	-	9.446
-	0	-	0)	/	15.0884
=	-0.62

Learn CW Investment'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	-	11.976
-	0	-	0)	/	15.0884
=	-0.78

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.

Learn CW Investment (NYSE:LCW) 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.

Learn CW Investment Net-Net Working Capital Related Terms

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

Learn CW Investment (Learn CW Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Learn CW Investment Corp (NYSE:LCW) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

11755 Wilshire Boulevard, Suite 2320, Los Angeles, CA, USA, 90025

Website

https://www.learncwinvestmentcorp.com

Learn CW Investment Corp is a blank check company. It is formed for the purpose of effecting a merger, consolidation, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Howard W Lutnick	10 percent owner
Cantor Fitzgerald, L. P.	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Cf Group Management Inc	10 percent owner	135 EAST 57TH ST, NEW YORK NY 10022
Fitzgerald Securities Cantor	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Softbank Group Corp	10 percent owner	1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Sb Management Ltd	10 percent owner	9TH FLOOR, AL SILA TOWER, ADGM SQUARE, AL MARYAH ISLAND, ABU DHABI C0 NA
Alan E Howard	director, 10 percent owner	11755 WILSHIRE BLVD, SUITE 2320, LOS ANGELES CA 90025
Daniel H Stern	director	C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601
Ellen Levy	director	C/O INSTRUCTURE, INC., 6330 SOUTH 3000 EAST, SUITE 700, SALT LAKE CITY UT 84121
Robert J. Hutter	director, 10 percent owner, officer: Chief Executive Officer	20 E. 3RD AVENUE, SAN MATEO CA 94401
Peter Relan	director	11755 WILSHIRE BLVD, LOS ANGELES CA 90025
Greg Mauro	officer: Chief Operating Officer	11755 WILSHIRE BLVD, LOS ANGELES CA 90025
Anuranjita Tewary	director	11755 WILSHIRE BLVD, LOS ANGELES CA 90025
Adam Fisher	director, 10 percent owner, officer: President	11755 WILSHIRE BLVD., SUITE 2320, LOS ANGELES CA 90025
Cwam Lc Sponsor Llc	10 percent owner	11755 WILSHIRE BLVD, SUITE 2320, LOS ANGELES CA 90025