Switch to:

# Unilife Corporation Net Current Asset Value: 0.0 ( as of Mar13)

* All numbers are in millions except for per share data UNIS 10-Y Financials »

### Definition

Benjamin Graham defines Net Current Asset Value (NCAV) as:

Net Current Asset Value (NCAV) = Cash and short-term investments + (0.75 * accounts receivable) + (0.5 * inventory) - total liabilities

In calculating the Net Current Asset Value (NCAV), 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. This is a conservative way of estimating the companys value.

### Formula

Net Current Asset Value (NCAV) = Cash and cash equivalents + 0.75 * Accounts Receivable + 0.5 * Inventory - Total Liabilities

#### Unilife Corporation NCAV Calculation

* All numbers are in millions except for per share data

#### This information is for Premium Members Only.

Take the full advantage of Gurus' investment ideas now.

7-Day Free Trial
Jun09Jun10Jun11Jun12Dec12
NCAV

#### This information is for Premium Members Only.

Take the full advantage of Gurus' investment ideas now.

7-Day Free Trial
Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13
NCAV

### 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. GuruFocus also publishes a monthly Net-Net newsletter.

### Related Terms

Cash and cash equivalents, Accounts Receivable, Inventory, Total Liabilities, Net Cash
* All numbers are in millions except for per share data

#### This information is for Premium Members Only.

Take the full advantage of Gurus' investment ideas now.

7-Day Free Trial
Jun09Jun10Jun11Jun12Dec12
NCAV

#### This information is for Premium Members Only.

Take the full advantage of Gurus' investment ideas now.

7-Day Free Trial
Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13
NCAV

### Financial Dictionary

GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names