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Summer Infant (Summer Infant) Net Current Asset Value : $-13.85 (As of Mar. 2022)


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What is Summer Infant 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).

Summer Infant's net current asset value per share for the quarter that ended in Mar. 2022 was $-13.85.

The historical rank and industry rank for Summer Infant's Net Current Asset Value or its related term are showing as below:

SUMR's Price-to-Net-Current-Asset-Value is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 4.91
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Summer Infant Net Current Asset Value Historical Data

The historical data trend for Summer Infant'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.

* Premium members only.

Summer Infant Net Current Asset Value Chart

Summer Infant Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.76 -5.84 -7.62 -10.33 -7.57

Summer Infant Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.32 -11.73 -11.13 -12.67 -13.85

Competitive Comparison of Summer Infant's Net Current Asset Value

For the Household & Personal Products subindustry, Summer Infant'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.


Summer Infant's Price-to-Net-Current-Asset-Value Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Summer Infant's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Summer Infant's Price-to-Net-Current-Asset-Value falls into.



Summer Infant Net Current Asset Value Calculation

Summer Infant's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2020 is calculated as

Net Current Asset Value Per Share(A: Dec. 2020 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(53.478-69.617-0-0)/2.13228
=-7.57

Summer Infant's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2022 is calculated as

Net Current Asset Value Per Share(Q: Mar. 2022 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(53.388-83.368-0-0)/2.16471
=-13.85

* 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.


Summer Infant  (NAS:SUMR) 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 Graham’s 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.


Summer Infant Net Current Asset Value Related Terms

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Summer Infant (Summer Infant) Business Description

Traded in Other Exchanges
N/A
Address
1275 Park East Drive, Woonsocket, RI, USA, 02895
Summer Infant Inc is an infant and juvenile products company. It manufactures juvenile safety and infant care products. The product categories include monitoring, safety, nursery, baby gear, and feeding products. The company markets its products under the Summer Infant, SwaddleMe, and Born Free brand names. The entity sells its products in the United States and other countries, of which a majority of the revenue is derived from the United States.
Executives
Jason P Macari 10 percent owner 10 HANNAH DRIVE CUMBERLAND RI 02864
Andrew Michael Train director C/O SUMMER INFANT, INC. 1275 PARK EAST DRIVE WOONSOCKET RI 02895
Bruce Meier officer: Interim CFO C/O SUMMER INFANT, INC. 1275 PARK EAST DRIVE WOONSOCKET RI 02895
Wynnefield Partners Small Cap Value Lp 10 percent owner 450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Nelson Obus 10 percent owner
Wynnefield Capital Management Llc 10 percent owner 450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Partners Small Cap Value Lp I 10 percent owner 450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Joshua Landes 10 percent owner
Wynnefield Capital, Inc. Profit Sharing Plan 10 percent owner 450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Wynnefield Capital Inc 10 percent owner 450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Small Cap Value Offshore Fund Ltd 10 percent owner 450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Stuart Noyes officer: Interim CEO C/O SUMMER INFANT, INC. 1275 PARK EAST DRIVE WOONSOCKET RI 02895
An Evelyn D director 1301 NE 103RD STREET, MIAMI SHORES FL 33138
Alan Mustacchi director C/O SUMMER INFANT, INC. 1275 PARK EAST DRIVE WOONSOCKET RI 02895
Paul Francese officer: Chief Financial Officer C/O SUMMER INFANT, INC. 1275 PARK EAST DRIVE WOONSOCKET RI 02895

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