What is Hudson Technologies Net Current Asset Value?
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).
Hudson Technologies's net current asset value per share for the quarter that ended in Dec. 2023 was $3.01.
The historical rank and industry rank for Hudson Technologies's Net Current Asset Value or its related term are showing as below:
HDSN'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.88 Med: 4.46 Max: 23.35
Current: 3.5
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hudson Technologies was 23.35. The lowest was 2.88. And the median was 4.46.
HDSN's Price-to-Net-Current-Asset-Value is ranked better than 61.27% of 932
companies
in the Chemicals industry
Industry Median: 5.075
vs HDSN: 3.50
Hudson Technologies Net Current Asset Value Historical Data
The historical data trend for Hudson Technologies'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.
Competitive Comparison of Hudson Technologies's Net Current Asset Value
For the Specialty Chemicals subindustry, Hudson Technologies'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.
Hudson Technologies's Price-to-Net-Current-Asset-Value Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Hudson Technologies's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hudson Technologies's Price-to-Net-Current-Asset-Value falls into.
Hudson Technologies Net Current Asset Value Calculation
Hudson Technologies's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Hudson Technologies (NAS:HDSN) 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.
Hudson Technologies Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Hudson Technologies's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Hudson Technologies (Hudson Technologies) Business Description
Hudson Technologies Inc is an American industrial products manufacturer. It develops products which are mainly used in commercial air conditioning, industrial processing, and refrigeration systems. The company products include refrigerant and industrial gases, refrigerant management services and RefrigerantSide services, which consist of system decontamination. These are performed at a customer's site using its Zugibeast system, which is a fast and portable system and allows the R-Side services team to accelerate critical services while saving customers time, money and aggravation. The company also owns a web-based real-time monitoring service which is used in the facility's refrigeration systems and other energy systems.
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