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).
Gatos Silver's net current asset value per share for the quarter that ended in Mar. 2024 was $0.91.
The historical rank and industry rank for Gatos Silver's Net Current Asset Value or its related term are showing as below:
GATO'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.09 Med: 15.57 Max: 409
Current: 11.64
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Gatos Silver was 409.00. The lowest was 5.09. And the median was 15.57.
GATO's Price-to-Net-Current-Asset-Value is ranked worse than 74.51% of 1130
companies
in the Metals & Mining industry
Industry Median: 5.135
vs GATO: 11.64
Gatos Silver Net Current Asset Value Historical Data
The historical data trend for Gatos Silver'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 Gatos Silver's Net Current Asset Value
For the Other Precious Metals & Mining subindustry, Gatos Silver'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.
Gatos Silver's Price-to-Net-Current-Asset-Value Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Gatos Silver's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Gatos Silver's Price-to-Net-Current-Asset-Value falls into.
Gatos Silver Net Current Asset Value Calculation
Gatos Silver'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.
Gatos Silver (NYSE:GATO) 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.
Gatos Silver Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Gatos Silver's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Gatos Silver Inc is a development and exploration company. It is focused on the production of Cerro Los Gatos Mine and the further exploration and development of the Los Gatos District, both located in Chihuahua, Mexico. The Los Gatos District consists of 14 mineralized zones, including three identified silver-lead-zinc deposits: the Cerro Los Gatos Mine, the Esther deposit, and the Amapola deposit. The Company's reportable segments are based on the Company's mineral interests and management structure and include Mexico and Corporate segments. The Mexico segment engages in the exploration, development, and operation of the Company's Mexican mineral interests and includes the Company's investment in its LGJV.
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