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In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Acorn Energy's net current asset value per share for the quarter that ended in Dec. 2023 was $-0.92.
The historical rank and industry rank for Acorn Energy's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Acorn Energy was 13.26. The lowest was 6.37. And the median was 9.82.
The historical data trend for Acorn Energy's Net Current Asset Value 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.
Acorn Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net Current Asset Value | Get a 7-Day Free Trial | -0.91 | -0.79 | -0.93 | -1.23 | -0.92 |
Acorn Energy Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Net Current Asset Value | Get a 7-Day Free Trial | -1.23 | -1.22 | -1.15 | -1.07 | -0.92 |
For the Scientific & Technical Instruments subindustry, Acorn Energy's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
For the Hardware industry and Technology sector, Acorn Energy's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Acorn Energy's Price-to-Net-Current-Asset-Value falls into.
Acorn Energy's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as
Net Current Asset Value Per Share | (A: Dec. 2023 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (4.036 | - | 6.275 | - | 0.012 | - | 0) | / | 2.43461 |
= | -0.92 |
Acorn Energy's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as
Net Current Asset Value Per Share | (Q: Dec. 2023 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (4.036 | - | 6.275 | - | 0.012 | - | 0) | / | 2.43461 |
= | -0.92 |
* 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.
Acorn Energy (OTCPK:ACFN) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. 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.
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 Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Thank you for viewing the detailed overview of Acorn Energy's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Tracy Simmons Clifford | officer: CFO | 10 N. ADGER'S WHARF, CHARLESTON SC 29401 |
Jan H Loeb | director, officer: President and CEO | LEAP TIDE CAPITAL MANAGEMENT, 10451 MILL RUN CIRCLE SUITE 400, OWINGS MILLS MD 21117 |
Peter Rabover | director | C/O ARTKO CAPITAL LLC, 1091 E BAYAUD AVE, APT W2808, DENVER CO 80209 |
Gary Mohr | director | C/O UE SYSTEMS INC., 14 HAYES STREET, ELMSFORD NY 10532 |
Leap Tide Capital Acorn Llc | 10 percent owner | 10451 MILL RUN CIRCLE, SUITE 400, OWINGS MILLS MD 21117 |
Walter Iv Czarnecki | officer: OmniMetrix LLC President & CEO | OMNIMETRIX, LLC, 4295 HAMILTON MILL ROAD, SUITE 100, BUFORD GA 30518 |
Michael Osterer | director | C/O UE SYSTEMS INC., 14 HAYES STREET, ELMSFORD NY 10532 |
Woolard Edgar S Jr | director | C/O NEW YORK STOCK EXCHANGE, INC., 11 WALL STREET, NEW YORK NY 10005 |
John A Moore | officer: Chief Executive Officer | 403 MARSH LANE, WILMINGTON DE 19807 |
Christopher E Clouser | director | C/O ACORN ENERGY, INC., 4 WEST ROCKLAND RD, MONTCHANIN DE 19710 |
Mannie L Jackson | director | ALFRED P SLOAN FOUNDATION, 630 FIFTH AVENUE SUITE 2550, NEW YORK NY 10111-0242 |
Mark A Bashforth | officer: CEO and President of USSI | C/O ACORN ENERGY, INC., 3903 CENTERVILLE ROAD, WILMINGTON DE 19807 |
Andy Sassine | director | 82 DEVONSHIRE STREET, BOSTON MA 02109 |
Mckee Robert E Iii | director | 14927 SANDALFOOT, HOUSTON TX 77095 |
Deena Redding | officer: President of OmniMetrix, LLC | OMNIMETRIX, LLC, 5225 BELLE WOOD COURT, BUFORD GA 30518 |
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