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Papaya Growth Opportunity I (Papaya Growth Opportunity I) Net-Net Working Capital : $-1.89 (As of Dec. 2023)


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What is Papaya Growth Opportunity I 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.

Papaya Growth Opportunity I's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-1.89.

The industry rank for Papaya Growth Opportunity I's Net-Net Working Capital or its related term are showing as below:

PPYA'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.

Papaya Growth Opportunity I Net-Net Working Capital Historical Data

The historical data trend for Papaya Growth Opportunity I'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.

Papaya Growth Opportunity I Net-Net Working Capital Chart

Papaya Growth Opportunity I Annual Data
Trend Dec21 Dec22 Dec23
Net-Net Working Capital
-0.01 -0.42 -1.89

Papaya Growth Opportunity I Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only -0.42 -0.46 -1.00 -1.86 -1.89

Competitive Comparison of Papaya Growth Opportunity I's Net-Net Working Capital

For the Shell Companies subindustry, Papaya Growth Opportunity I'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.


Papaya Growth Opportunity I's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Papaya Growth Opportunity I's Price-to-Net-Net-Working-Capital falls into.



Papaya Growth Opportunity I Net-Net Working Capital Calculation

Papaya Growth Opportunity I'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)
=(0.002+0.75 * 0+0.5 * 0-21.215
-0-0)/11.1976
=-1.89

Papaya Growth Opportunity I's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.002+0.75 * 0+0.5 * 0-21.215
-0-0)/11.1976
=-1.89

* 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.


Papaya Growth Opportunity I  (NAS:PPYA) 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.


Papaya Growth Opportunity I Net-Net Working Capital Related Terms

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


Papaya Growth Opportunity I (Papaya Growth Opportunity I) Business Description

Traded in Other Exchanges
N/A
Address
2201 Broadway, Suite 750, Oakland, CA, USA, 94612
Papaya Growth Opportunity Corp I is a blank check company.
Executives
Alberta Investment Management Corp 10 percent owner 1600-10250 101 STREET NW, EDMONTON A0 T5J 3P4
Neil B Herceg director 2201 BROADWAY, #705, OAKLAND CA 94612
Daniel A Murillo director 2201 BROADWAY, #705, OAKLAND CA 94612
Timothy J Schenk director 2201 BROADWAY, #705, OAKLAND CA 94612
Alex Spiro officer: President 25 TUDOR CITY PLACE APT 1011, NEW YORK NY 10017
Dave Yarnold director C/O MODEL N, INC., 777 MARINERS ISLAND BLVD, SUITE 300, SAN MATEO CA 94404
Patricia Nakache director 325 SHARON PARK DR., #458, MENLO PARK CA 94025
Diana A Sklar director 2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Clay Whitehead director, 10 percent owner, officer: Chief Executive Officer C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Daniel C Rogers officer: CFO and Secretary 2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Papaya Growth Opportunity I Sponsor, Llc 10 percent owner 2201 BROADWAY, SUITE 750, OAKLAND CA 94612
Patrick Pohlen director C/O MNTN DIGITAL, INC., 201 W. 5TH STREET, 11TH FLOOR, AUSTIN TX 78701

Papaya Growth Opportunity I (Papaya Growth Opportunity I) Headlines