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WM Technology (WM Technology) Net-Net Working Capital : $-1.30 (As of Sep. 2023)


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What is WM Technology 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.

WM Technology's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $-1.30.

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

MAPS's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.44
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

WM Technology Net-Net Working Capital Historical Data

The historical data trend for WM Technology'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.

WM Technology Net-Net Working Capital Chart

WM Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
- 0.04 -3.36 -1.56

WM Technology Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.57 -1.56 -1.49 -1.42 -1.30

Competitive Comparison of WM Technology's Net-Net Working Capital

For the Software - Application subindustry, WM Technology'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.


WM Technology's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, WM Technology's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



WM Technology Net-Net Working Capital Calculation

WM Technology's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(28.583+0.75 * 17.438+0.5 * 0-84.258
-0-101.397)/92.0625
=-1.56

WM Technology's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(27.721+0.75 * 12.314+0.5 * 0-63.912
-0-94.836)/93.8811
=-1.30

* 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.


WM Technology  (NAS:MAPS) 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.


WM Technology Net-Net Working Capital Related Terms

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WM Technology (WM Technology) Business Description

Traded in Other Exchanges
Address
41 Discovery, Irvine, CA, USA, 92618
WM Technology Inc is a technology and software infrastructure provider to the cannabis industry. It comprises B2C platform Weedmaps, and B2B software WM Business.
Executives
Duncan Grazier officer: Chief Technology Officer C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Brian Camire officer: General Counsel 41 DISCOVERY, IRVINE CA 92618
Olga Gonzalez director 41 DISCOVERY, IRVINE CA 92618
Anthony Bay director
Brenda Freeman director C/O HERMAN MILLER INC, 855 EAST MAIN AVE, ZEELAND MI 49426
Fiona Tan director 41 DISCOVERY, IRVINE CA 92618
Scott Gordon director, officer: CEO and Chairman 1114 6TH AVE, 41ST FLOOR, NEW YORK NY 10036
Randa Mcminn officer: Chief Marketing Officer C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Mary Hoitt officer: Interim CFO C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Arden Lee officer: Chief Financial Officer 41 DISCOVERY, IRVINE CA 92618
Juan Jose Feijoo-osorio officer: Chief Marketing Officer 41 DISCOVERY, IRVINE CA 92618
Justin Dean officer: CTO and CIO 41 DISCOVERY, IRVINE CA 92618
Christopher Beals director, officer: Chief Executive Officer 41 DISCOVERY, IRVINE CA 92618
Justin Hartfield director, 10 percent owner 2175 PALMER PLACE, TUSTIN CA 92782
Douglas Francis director, 10 percent owner 49 DISCOVERY, STE 200, IRVINE CA 92618