GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pono Capital Three Inc (NAS:PTHR) » Definitions » Net-Net Working Capital

Pono Capital Three (Pono Capital Three) Net-Net Working Capital : $-0.79 (As of Sep. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Pono Capital Three 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.

Pono Capital Three's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $-0.79.

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

PTHR'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.

Pono Capital Three Net-Net Working Capital Historical Data

The historical data trend for Pono Capital Three'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.

Pono Capital Three Net-Net Working Capital Chart

Pono Capital Three Annual Data
Trend Dec22
Net-Net Working Capital
-0.02

Pono Capital Three Quarterly Data
May22 Sep22 Dec22 Mar23 Jun23 Sep23
Net-Net Working Capital Get a 7-Day Free Trial -0.01 -0.02 -0.18 -0.19 -0.79

Competitive Comparison of Pono Capital Three's Net-Net Working Capital

For the Shell Companies subindustry, Pono Capital Three'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.


Pono Capital Three's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

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

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



Pono Capital Three Net-Net Working Capital Calculation

Pono Capital Three'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)
=(0.088+0.75 * 0+0.5 * 0-0.442
-0-0)/17.1045
=-0.02

Pono Capital Three'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)
=(0.068+0.75 * 0+0.5 * 0-13.591
-0-0)/17.1045
=-0.79

* 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.


Pono Capital Three  (NAS:PTHR) 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.


Pono Capital Three Net-Net Working Capital Related Terms

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


Pono Capital Three (Pono Capital Three) Business Description

Traded in Other Exchanges
N/A
Address
643 Ilalo Street, Suite 102, Honolulu, HI, USA, 96813
Website
Pono Capital Three Inc is a blank check company.
Executives
Mike K Sayama director 220 SOUTH KING ST., 3RD FLOOR, HONOLULU HI 96813
Dustin M Shindo director HOKU CORPORATION, 1288 ALA MOANA BLVD STE 220, HONOLULU HI 96814
Trisha Nomura director 643 ILALO STREET, HONOLULU HI 96813
Kotaro Chiba director 643 ILALO STREET, HONOLULU HI 96813
Mehana Capital Llc 10 percent owner 4348 WAIALAE AVE., #632, HONOLULU HI 96816
Gary Miyashiro officer: Chief Financial Officer 4348 WAIALAE AVE., #632, HONOLULU HI 96816
Davin Kazama director, officer: Chief Executive Officer 643 ILALO STREET, HONOLULU HI 96816